Willis Towers Watson's "2018 Marketplace Realities Report: Cyber Risk" identifies trends cyber insurance buyers can expect in the coming year, including the following:

- - - Annual cyber premiums will climb as more companies seek coverage. Global premiums, which are around $2.5 billion now, will continue to rise and are expected to reach $10 billion by 2020.
    - Capacity will keep up with rising demand. As demand for coverage increases, the "supply of capacity is more than keeping up," the report notes, with new carriers and additional capacity entering the marketplace.
    - Carriers will reward clients with the strongest cybersecurity programs. Carriers will likely lower premiums for organizations that have demonstrated increased levels of security and internal policy controls.
    - Coverage will expand. More carriers will address gaps in property, general liability and special crime coverage to include cyber risks.

"When it comes to emerging risks for the energy market, cyber risk is really getting a lot of attention," says Jerry Wosleger, senior vice president of NavTech, Navigators' global business that underwrites energy and engineering/construction and other technical industrial-related risks. "Because this area is very new to us as property underwriters, we are trying hard to understand the exposures and what we are affording. It is vital for underwriters to understand the exposures and how they fit into the policies we offer."

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