ILS to back cyber underwriting as risk models mature: PwC

U.K.-based consultancy firm PricewaterhouseCoopers International Ltd. expects an increasing amount of insurance-linked securities capacity to back the cyber underwriting market as the technologies and risk models used to quantify exposures mature, Artemis.bm reports. A survey by PwC found that 75% of insurers are utilizing reinsurance capacity to manage the growth of their cyber exposures. The survey found that nearly 40% of the insurers are passing on at least 50% of their cyber exposures to reinsurance capital.

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