The WFH Impact on the Cyber Insurance Market
Many insurers are focused on ransomware, but the rise of work-from-home culture has created other cybersecurity exposures.
Not long ago, insurers engaged in cash flow underwriting for cyber policies, writing at lower rates to collect premiums because it wasn’t viewed as the volatile and catastrophic line of business it is today.
The COVID-19 pandemic has contributed to a hard market that’s increasing premiums. But it’s more accurately a recalibration of cyber risk assessment.
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