If the cyber market continues growing at its current clip, the sector will double in size every three years, according to Gallagher Re. Credit: Den Rise/Shutterstock.com
While cyber insurance accounted for just 1% of all property and casualty premiums in 2022, a year that saw direct written premiums (DWP) in the line reach $13 billion, the Insurance Information Institute (Triple-I) anticipates the sector to continue being one of the fastest-growing insurance segments in the years ahead. By 2027, cyber DWP is expected to surpass $33 billion.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
