Cyber insurance is currently a $2 billion market, according to Betterley Risk Consultants Inc., and most cyber insurers report consistent premium growth in the double digits. Even so, only one-fifth to one-third of companies has any sort of cyber coverage in place, according to the Ponemon Institute. 

“The cyber risk insurance market is still a small market that gets more talk than action, but it is a significant growth opportunity for brokers,” said Ken A. Crerar, president and CEO of the Council of Insurance Agents & Brokers. 

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