Regional expansion and evolving threats drive need for disciplined underwriting
The global cyber insurance and reinsurance market is projected to sustain its profitability through 2025, according to insights from S&P Global Ratings.
The firm’s stable outlook for the sector is anchored on continued underwriting gains achieved in 2023 and 2024, bolstered by substantial rate hikes and tightened policy terms implemented between 2021 and 2022.
However, the evolving threat landscape poses significant challenges. S&P cautioned that stagnant or declining rates combined with rising cyber claims could jeopardize profitability.