Insurance Day is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

ID Business Briefing: Where next for cyber insurance?

Join us at Lloyd’s on May 16 to hear the market's foremost experts discuss the future of the cyber insurance market

At a time when most lines of business are seeing muted growth, the cyber market has surged ahead, with total premiums predicted to soar from $3.5bn in 2016 to $10bn by 2020.

Last year, a spate of high-profile attacks from state actors and continued growth in the sophistication of cyber criminals raised cyber security to the top of buyers’ list of concerns.

And with the EU’s General Data Protection Regulation just around the corner, clients have even more reason to worry. Meanwhile, the threat of silent cyber grows, affecting broad swathes of insurers’ business, as the world becomes ever more dependent on internet-based computer technology.

By some measures, annual worldwide losses attributable to cyber crime already exceed the $300bn or so of losses natural catastrophes cause annually. But only a tiny fraction of those losses are insured.

To help us make sense of where the cyber re/insurance market is heading, and how clients, brokers and carriers can succeed in this rapidly-changing environment, Insurance Day has assembled a panel of top cyber insurance specialists. They are:

  • Matthew Webb, cyber line underwriter, Hiscox London Market;
  • Graeme Newman, chief innovation officer, CFC Underwriting; and
  • Peter Armstrong, senior subject matter expert; cyber, Munich Re.

Join us for a thought-provoking debate at our Business Briefing on May 16 at 2.30 pm in the Lloyd’s Old Library. See www.insuranceday.com to register.

Related Content

Topics

UsernamePublicRestriction

Register

LL1135424

Ask The Analyst

Ask The Analyst - Ask Your Question Send your question to our team of expert analysts. You can: • Ask for background information on/explanation of articles in Insurance Day * • Find out more about our views on industry developments • Ask for an interpretation of market trends • Source supplementary data relating to articles • Request explanations to further your understanding of current issues (* This relates to any Insurance Day that is included as part of your subscription) We will do the research and get back to you personally with the information you need.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel