Slower cyber insurance growth in US but still opportunity for insurers

Growth in the US cyber insurance market is slowing, according to Fitch Ratings, but US property/casualty insurers continue to view cyber insurance coverage as a significant growth opportunity. The industry’s total direct written cyber premiums grew 8% in 2018 to $2bn, down from 37% growth in 2017. “After several years of brisk growth, US cyber insurance segment revenue moderated in…

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