Rates won’t drop in immature cyber market
Friday, 04 28 2017, Category: Technology, Country: Australia
Rates won’t drop in immature cyber market Premium rates in the ‘immature’ Australian cyber insurance market show no signs of dropping despite more awareness of the product and its benefits, an expert has said.
Meena Wahi, a specialist cyber broker and director of Cyber Data-Risk Managers, said that premium rates in the market show no signs of dropping; indeed, they show more signs of moving up rather than down.
“The rates are not coming down, for sure,” Wahi told Insurance Business.
Source: Insurance Business