Vector premiums increase as demand for cyber BI grows

Vector, the high-limit cyber insurance joint venture from Beazley and Munich Re, has experienced a sizeable jump in premium as demand for cyber business interruption (BI) insurance continues to grow. A number of industrial and critical infrastructure companies were hit hard by the 2017 WannaCry and NotPetya contagious malware attacks. Shipping company Maersk, pharma group Merck and food manufacturer Mondelez…

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