Fitch Recommends Slower P/C Insurance Embrace of Cyber Risks

Cyber risk may be the fastest growing segment in property/casualty insurance, but carriers should be measured about boosting their presence in the space, Fitch Ratings warned in a new report. Why go slow? Fitch argues that rapid expansion in cyber risks is creating problems with insurers’ bottom lines and credit ratings. Meanwhile, the segment already had $3 billion in 2015 premiums and will triple in 4 years