- Cambridge, MD
Despite being around for more than a quarter of a century, cyber continues in a perpetual state of evolution, with rapidly changing underwriting processes, coverage developments and increased regulatory influence.
The last two years, however, have been particularly tumultuous, with double- and triple-digit premium rises in the wake of an increased threat from cybercriminals and the inevitable influx of claims that followed. "Capacity continues to be a challenge, driven by the combination of increased demand, two-plus years of significant premium increases, more judicious limits deployment and the exit of some players from the market," stated Steve Robinson, Risk Placement Services (RPS) area president and national cyber practice leader.
The 2023 U.S. Cyber Market Outlook examines the current state of this sector, offers guidance on helping clients smoothly navigate renewals for the remainder of the year, and provides insights into what to expect in 2023.
Learn key insights from the 2023 U.S Cyber Market Outlook, including:
- How the pandemic has shifted the geography of the workplace and what that means for cyber insurance
- A look into cyber claims, in relation to matter type and industry
- Emerging themes in the industry, including social engineering
- Considerations for agents in this ever-changing market
Download the full 2023 U.S. Cyber Market Outlook to learn more.Download Report