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Experts in the industry predict that demand for cyber insurance will continue to increase over the next few years. However, as carriers have reached the limit of their cyber risk capacity, it is important to transfer some of this to the capital market to achieve exponential growth.
This afternoon, Zurich-headquartered insurance-linked securities (ILS), catastrophe bond and reinsurance investment manager, Twelve Capital, hosted a webinar on cyber ILS, moderated by Marcel Grandi, the company’s Head of ILS Sourcing.
Speakers included: Max Muehlbeyer, Senior Underwriter, Retrocession & Capital Markets, Hannover Re; Theo Norris, Head of Cyber ILS, Gallagher Re / Gallagher Securities; and Rhodri Morris, Head of ILS Analytics, Twelve Capital.
Speakers discussed ILS’ role in the expanding and evolving cyber risk area after an overview of the cyber as a threat and the rise in cyber insurance premiums.
“It was mentioned before that there will be significant demand for cyber insurance in the future, and the capacity that’s currently available in the reinsurance market, on a…