Business TREND. Insurance Market Support for Data Security Laws

Insurance market expected an increase in policies after the the EU passed GDPR, here’s waht happened:

•  language in GDPR isn’t clear on whether insurance policies can cover the hefty fines of up to 20 million euros or 4% of global revenue.
  • language is unclear and clarification is up to local regulators
• 90% of the cyber policy market is in the US
• Analysts expect a pick up in the European share of cyber policies

Wall Street Journal | Why Europe’s Cyber Insurance Windfall Hasn’t Happened