AGCS flags 1,000+ cyber claims in 2020 and registers no let up in 2021
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AGCS flags 1,000+ cyber claims in 2020 and registers no let up in 2021

Samuel Casey
12 October 2021
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Allianz Global Corporate and Specialty (AGCS) received over 1,000 cyber claims in 2020 and has warned of no abatement in the frequency and severity of ransomware losses flooding the market.

The carrier noted that claims on its cyber book had risen significantly since 2016, when it registered only 80 claims, and that 2021 was set to be another challenging year, with over 500 claims already registered in the first...

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News Cyber Re/insurers Allianz
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Samuel Casey
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