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A new report by Z/Yen Group Ltd. says that a public-private cyber-catastrophe reinsurance scheme could provide reinsurance cover to insurers, as reported by Out-Law.com.
The report states "If society wishes to bring insurance to bear on helping to manage cyber-risk, then cyber-catastrophe reinsurance needs to be available for property damage, business interruption, and third party liabilities in order to remove blockages to rapid take-up of cyber insurance by businesses."