The U.S. property/casualty market sustained an estimated $21.1 billion in underwriting losses in 2023, hi...
Cyber Insurance Premium Growth Levels Off for U.S. P/C Insurers
Cyber again generated strong profits for U.S. property/casualty (P/C) insurers last year, Fitch Ratings says in its latest market update report, but weaker pricing...
Cyber again generated strong profits for U.S. property/casualty (P/C) insurers last year, Fitch Ratings says in its latest market update report, but weaker pricing...
Article / 1 month ago
U.S. Cyber Insurance Maintains Strong Profits; Premium Growth Slows
The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled...
The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled...
PR / 2 months ago
US Cyber Insurance Payouts Increase Amid Rising Claims, Premium Hikes
Cyber insurance has become the fastest growing segment for U.S. property/casualty (P/C) insurers as evolving threats have boosted demand for coverage...
Cyber insurance has become the fastest growing segment for U.S. property/casualty (P/C) insurers as evolving threats have boosted demand for coverage...
Article / 2 years ago
Russian Cyberattacks May Test Insurer War Exclusion Policy Language
The Russian invasion of Ukraine has increased the risk of cyberattacks and potential claim costs for property/casualty (P/C) insurers globally...
The Russian invasion of Ukraine has increased the risk of cyberattacks and potential claim costs for property/casualty (P/C) insurers globally...
Article / 2 years ago
Mitigation Efforts Won't Stop Cyber Damage and Related Rate Hikes in 2022 - Carrier Management
As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022...
As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022...
Article / 2 years ago
Property Cat Reinsurance Rates to Rise Double-Digit at Renewals
Fitch Ratings expects reinsurance rates to increase by more than 10% in catastrophe-related lines of business when contracts are renewed in January 2022, which supports the improving sector outlook for 2022...
Fitch Ratings expects reinsurance rates to increase by more than 10% in catastrophe-related lines of business when contracts are renewed in January 2022, which supports the improving sector outlook for 2022...
Article / 3 years ago
Fitch Ratings Analyzes Global Insurers Cyber Risk
The latest report from Fitch Ratings uses SecurityScorecard’s (SSC) grading platform to analyze the cybersecurity...
The latest report from Fitch Ratings uses SecurityScorecard’s (SSC) grading platform to analyze the cybersecurity...
Article / 3 years ago
Webcast: Cyber Risk
Fitch Ratings’ Global Reinsurance Series continues with Gerry Glombicki, providing an overview of Fitch’s analysis of cyber risk in ratings and current trends...
Fitch Ratings’ Global Reinsurance Series continues with Gerry Glombicki, providing an overview of Fitch’s analysis of cyber risk in ratings and current trends...
Article / 3 years ago
Cyber Theft of Customer Data a Growing Risk for US Health Insurers
The U.S. health insurance industry is facing growing risks from cybersecurity threats due to the increasingly...
The U.S. health insurance industry is facing growing risks from cybersecurity threats due to the increasingly...
Article / 3 years ago
Cyber Insurance Losses Spark Rate Increases
U.S. property/casualty insurers active in providing cyber insurance coverage are taking significant pricing and...
U.S. property/casualty insurers active in providing cyber insurance coverage are taking significant pricing and...
Article / 3 years ago
