Cyber insurance rate hikes to continue through first half of the year

Analysts at U.S.-based J.P. Morgan Chase & Co. expect cyber insurance rate hikes to continue through the first half of this year, as underwriters withdraw capacity amid growing cyber risks, Reinsurance News reported. The analysts said that cyber insurance is one of the fastest-growing insurance segments, with premiums growing at a compound annual growth rate of 27% between 2017 and 2021.