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Cyber insurance, reinsurance market hardening to continue

Posted On: Jan. 27, 2022 9:45 AM CST

Analysts at German investment banking firm Joh. Berenberg Gossler & Co. KG said that the cyber insurance reinsurance market hardening is not going to slowdown anytime soon, as demand for coverage continues to outpace supply, Reinsurance News reported. The analysts said that capacity is particularly scarce within the cyber reinsurance segment. Cyber rates were up 204% cumulatively over 12 months in the third quarter of 2021, Berenberg said.