April 21-22, 2022 | USA
There’s no doubt that the demand for cyber insurance is booming, which is good news for the industry. Managing cyber risk is now the norm for all sizes of business. And because of the demands from insurers, clients are putting risk management higher up on their agenda and taking a more active role in managing their own cyber risk. However, it’s tough out there for insurers and brokers. A hard market and shrinking capacity have resulted in skyrocketing premiums and a reduction in coverage. As underwriting requirements become more stringent, it can be a struggle for brokers to deliver for their clients.