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More German businesses buying cyber insurance: Marsh

Posted On: Sep. 30, 2015 12:00 AM CST

Insurance broker Marsh L.L.C. said that more German firms are taking cyber insurance owing to rising cyber attacks, reports Reuters.

Marsh estimated that although cyber insurance premium volume in the nation is expected to total about $10 million in 2015, the market is likely to grow 30% each year in the future.

"We are seeing a wave of enquiries that will lead to many more contracts in the coming months," an official at the broker's German business said.

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