Are Insurers Serious About Cyber Insurance?

Cyber insurance is a critical modern economy enabler as business & consumers continue their shift to digital. S&P forecasts this market will start growing by 20-30% pa. In my view we aren't seeing enough innovation & drive from Australian insurers in this space. There are great education, mitigation and insurance opportunities. Good article, good predications. Quote from the article “This is the beginning of a very fast-moving market in which alternative and cyber insurance products will become more prevalent. This will support further growth of the cyber insurance market by leveraging the development of the right products to fill market gaps and the additional required capacity.”

Read the predications Source: Forbes