July 21, 2020

Best’s Market Segment Report: Profitability Less Certain in U.S. Cyber Insurance Market as New Risks Emerge

OLDWICK, N.J.–(BUSINESS WIRE)–Direct premiums written in the U.S. cyber insurance market grew by 11% year over year in 2019 to $2.25 billion; however, according to a new AM Best report, the rate of growth slowed from the previous year, marking the fourth-straight year of this trend. In the new Best’s Market Segment Report, “Cyber Insurance: Profitability Less Certain as New Risks Emerge,” AM Best notes that growth has slowed significantly from 2016-2017 when direct premiums written grew by mo

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