According to Aon Global Risk Insight Platform, Aon's internal global repository of risk and insurance placement information, annual premiums for cyberspecific coverage in 2013 totaled about $1 billion, compared to $675 million in 2012.
This is based on Aon Global Risk Insight Platform data as extrapolated for the entire industry– Aon's share of cyber insurance extrapolated to $1 billion based on Aon's overall share of all insurance placements, according to Kevin Kalinich, the global practice leader for cyber/network risk at Aon Risk Solutions.
Kalinich said that more than 50 insurers sell the coverage, including Zurich Insurance, American International Group Inc., Chubb Corp. and Lloyd's syndicates.
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