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Cyber insurance premiums up by 20% amid increased claims

Posted On: Jan. 28, 2021 9:24 AM CST


A report by insurance broker Marsh Pty Ltd. said that insurers are increasing cyber insurance premiums by 15-20% on an average in Australia following increased claims activity in 2020, Asia Insurance Review reported. Insurers are also demanding more underwriting information and capping limits of cyber coverage.

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