Business TREND. Growth in Cyber Security Insurance. By the Numbers
For the U.S. market of cyber secuity insurance policies in 2017:
- 32% growth in direct premiums written in year over year growth
- $1.8 billion,
- 2.6 million policies in force, a 24% increase
- claims increased to 9,017 from 5,955
- 56.3% of the claims by packaged policies
- 43.7% of claims by standalone policies
Insurance Journal | U.S. Cyber Market Grew 32% in 2017 But Most Small-Medium Firms Opted Out: A.M. Best