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Cyber cat bonds possible within next two years: Swiss Re


Jean-Louis Monnier, global head of insurance-linked securities structuring at Swiss Re Ltd., said that catastrophe bonds to transfer cyber risk to capital markets could be issued within the next two years based on modelling capabilities and improvements in event and coverage definitions, reports. "In order to make it scalable we need to increase the transparency of the risk being ceded and make some advances in the modelling," Mr. Monnier said.

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