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19 March 2018

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Services sector to drive doubling of cyber premium by 2020

Catrin Shi 13 March 2018

US commercial cyber liability premium is set to hit $6.2bn by 2020, with the services sector likely to be the biggest buyer of the standalone product in that timeframe, according to a report by data analytics firm Verisk.

The firm estimated the size of the US commercial cyber liability market, encompassing both standalone and package offerings, at $2.5bn for 2016.

The consensus among cyber insurance practitioners is that the global cyber insurance market currently generates around $3.0bn in premium.


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This article was published as part of issue March 2018/2

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