Cyber risk transfer an opportunity for ILS markets: Official

Benjamin Jacquet, cyber risk expert at Switzerland-based Credit Suisse Insurance Linked Strategies Ltd., said that cyber risk transfer represents a viable commercial opportunity for the insurance-linked securities market, Artemis.bm reports. The WannaCry ransomware attack created a real commercial opportunity for the capital markets as there is demand from large companies and small and medium-sized enterprises for capacity, he added.

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