S&P predicts cyber reinsurance rates to increase
S&P Global expects cyber reinsurance rates to increase as reinsurers look to return to profitability, but predicts primary underwriters won’t pass the rate increase on to customers.
In a briefing this morning, S&P stated the cyber insurance market has returned to profitability for primary insurers, but reinsurers have struggled with financial pressures in the cyber space.
Simon
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