Cyber is most ‘eye-catching story’ in insurance rates: WTW report
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Cyber is most ‘eye-catching story’ in insurance rates: WTW report

Giovanna Bellotti Azevedo
April 07, 2022
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WTW said that cyber insurance buyers should be prepared to face dramatic premium increases – or non-renewals – if they are unable to demonstrate certain “minimum security standards,” starting with remote desktop protocols and multi-factor authentication.

In a spring update of its Insurance Marketplace Realities report, WTW forecast that cyber rates could increase by 100% to 200%, marking a jump from the broker’s predicted increases of 50% to 150% last fall.

Heavily

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NewsRatesCyberBrokersWTW
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Giovanna Bellotti Azevedo
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