Cyber insurance represents significant growth opportunity for US insurers, says Fitch

Cyber insurance coverage continues to be one of the fastest-growing segments in the US, according to Fitch Ratings, fuelled by increasing cyberattacks and regulatory requirements. The ratings agency said cyber insurance represents a significant growth opportunity for US property/casualty insurers. Standalone cyber direct written premiums grew by 7% in 2017 to $986m, according to aggregate statutory data for the US…

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