ILS crucial to help cyber risk market develop: Beazley
Posted On: Jan. 12, 2023 9:40 AM CST![Alternative risk transfer](https://bicontent.businessinsurance.com/45ed0733-940c-4fd0-b9bb-a82a5f241e15.jpg)
According to Paul Bantick, global head of cyber risks at U.K.-based Beazley PLC, cyber insurance-linked securities will be crucial to help the cyber risk market further grow, Artemis reported. The market is roughly $10 billion in terms of its global size presently and is expected to reach $30 billion over the next three to four years.