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Lack of historical data deters ILS foray into cyber insurance

Posted On: Aug. 26, 2019 7:15 AM CST

Tom Johansmeyer, co-head of U.S.-based Property Claim Services Inc., said that a lack of historical and contextual data continues to hinder the entry of the insurance-linked securities market into the cyber insurance segment, reports. Mr. Johansmeyer said that "silent" cyber exposures such as interrelated losses among different segments and long tails of professional lines claims have made it harder for the ILS sector to provide capacity for cyber risks.

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