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Cyber insurance capacity shrinks

Cyber liability


According to French insurance broker Siaci Saint Honore SA, the Middle East and North Africa market has experienced a drop in cyber insurance capacity over the past year as ransomware and cyber attacks become more frequent, Middle East Insurance Review reported. Policyholders have seen 30% to 100% hikes in cyber insurance rates. Capacity is expected to drop further over the next two years as reinsurers and insurers become more selective about underwriting cyber risks.


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