December 15, 2016
With cybercrime only increasing and traditional network security premiums becoming obsolete, the cyber insurance market is a huge, untapped opportunity for insurers and reinsurers. Mandatory legislation on cybersecurity in several U.S. states has led to more mature and better cyber liability insurance policies. PWC forecasts that annual gross of premiums will increase from $2.5 billion in 2015 to $14 billion by 2022.