Cyber premiums to grow to $15 billion a year by 2022: RBC
Posted On: Nov. 29, 2019 5:12 AM CSTCanada-based investment banking firm RBC Capital Markets LLC expects global cyber insurance premiums to increase to $15 billion per year by 2022 from $6 billion now, Pymnts reports citing Financial Times. The cyber insurance market is expected to be worth $7.5 billion by the end of the decade, with small and medium-sized businesses a rising customer demographic.