US - Cyber cover limit doubles
Saturday, 05 20 2017, Category: Technology, Country: United States
The average cyber policy limit in the last six months has doubled in the US as clients seek higher amounts of coverage upon renewal, according to a May 2017 brokers’ survey by The Council of Insurance Agents & Brokers.
The average cyber policy limit increased to around $6 million in the last six months, double the $3 million reported in October 2016, according to the “Cyber Insurance Market Watch Survey”.
Source: Intelligent Insurer