AM Best: Insurers must review cyber risks ‘urgently’
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

AM Best: Insurers must review cyber risks ‘urgently’

Marcel Le Gouais
June 03, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
AM Best cyber background.jpg

Average loss ratios for cyber across the top 20 US cyber carriers surged to 67.8% in 2020 from 44.8% the year before, according to an AM Best report that warns insurers to review their risks.

The ratings agency’s market-segment report on cyber urged carriers to reassess all aspects of their cyber risk urgently, including their appetite, risk controls, modelling, stress testing and pricing.

Warning

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

NewsCyber
MG
Marcel Le Gouais
Gift this article