February 21, 2019
The Council released its seventh biannual Cyber Insurance Market Watch Survey earlier this month and according to the results, take-up rate for commercial cyber coverage remained relatively low at about 33 percent.
Premium pricing stayed flat-to-down and capacity was flush in the market. Respondents also continued to express a desire for further standardization in cyber policy language, though there were signs that carriers have begun to address this issue. Recent cyber events, such as the Marriott breach, were shown to have affected Council members’ and their clients’ approach to cyber insurance and cybersecurity.
To download the full report, please click here.