US cyber premium reach $2.1bn
Friday, 05 11 2018, Category: Technology, Country: United States
US stand-alone and package cyber premiums combined grew by 54 percent year on year to $2.1 billion in 2017 while the direct loss ratio for standalone cyber insurance declined, according to Fitch Ratings.
During the period, stand-alone cyber direct written premiums grew by 7 percent to $986 million, aggregate statutory data for the property/casualty (P&C) industry shows.
Source: Intelligent Insurer