PartnerRe and Advisen are proud to release a white paper that features the results of a comprehensive survey of the evolution of the market for cyber insurance, both first- and third-party coverage, and the factors and trends impacting that evolution. The 14-page paper also highlights how players view key events and issues such as the impact of the general data protection regulation (GDPR) on the take-up rate for cyber liability insurance, the Dyn DDOS attack, and the WannaCry ransomware attack.
For the fourth year, PartnerRe has collaborated with Advisen to undertake a comprehensive survey of the evolution of the market for Cyber insurance, both first- and third-party coverage, and the factors and trends impacting that evolution.
This whitepaper is based on the survey responses and comments of 270 brokers/agents and 125 underwriters from around the world, all directly involved in Cyber insurance business.
This 2017 survey tracked the same aspects of Cyber risk and coverage as in previous years, such as identifying the top drivers of Cyber insurance sales, the leading factors influencing buying decisions, and the biggest obstacles to placing coverage. For 2017, the survey also looked into the observation that existing cyber insurance business is switching from endorsement to stand-alone policies; the the Dyn DDoS and the WannaCry Ransomware cyber events; and the issue of cyber-related property damage.