Reinsurance market prepares for new phase of cyber innovation
There are many predictions about the future of the cyber market and how it is expected to progress over the course of 2016. We frequently read about the vast growth opportunities it presents, with PwC’s recent report, Reaping the dividends of cyber insurance, estimating the fast-growing demand for cyber insurance means annual gross written premiums will reach $7.5bn by the end of the decade. To know where those opportunities reside, it is important to assess how the market has developed. Over the past year or so we have seen a shift in insurers' and reinsurers' strategies for cyber, changes which ..