DATA-DRIVEN CYBER INSURANCE UNDERWRITING IS STILL ELUSIVE

NADINE MOORE | August 1, 2018

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Right now, data-driven underwriting in cyber insurance is elusive, and at some point, losses will catch up with carriers that aren’t using risk-based pricing. It’s impossible to predict the point at which losses exceed premiums. But the pivot might come sooner, rather than later. Consider that the Financial Times reports that the market is hardening and that in 2017, AIG’s Europe, Middle East, and Africa business received as many cyber claims as in the previous four years combined.

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Everest Reinsurance Company

Everest is a world leader in property and casualty reinsurance and insurance, offering innovative products, responsive service and unsurpassed financial strength. Everest Reinsurance Company underwrites virtually all classes and categories of business in treaty, facultative and specialty lines, both through brokers and directly with ceding companies.

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Spotlight

Everest Reinsurance Company

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