Cyber insurance rates decline
Friday, 08 25 2017, Category: Technology, Country: United States
Cyber insurance rates and prices in the United States declined for the second consecutive quarter in Q2 2017, as the increasing availability of capacity targeting cyber liability underwriting influences the market.
According to the latest quarterly look at global insurance rates by broker Marsh, the cyber risk underwriting segment has just witnessed its first consecutive months of rate decline in Q1 and Q2 of 2017 since 2012, following a period where prices rose consistently for a couple of years.
Cyber liability renewal rates in the U.S. declined by 1.5% in Q2 2017, following a 1.7% decline in Q1.