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ILS crucial to help cyber risk market develop: Beazley

Posted On: Jan. 12, 2023 9:40 AM CST

Alternative risk transfer

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.