Moody's: Cyberinsurance demand is soaring

2021-10-28

Companies' risk-management efforts are focusing more on cyberinsurance, which is seeing demand rise sharply amid prominent cyberattacks, heightened reputational risk, tougher scrutiny from regulators and greater risks within supply chains, Moody's Investors Service says. Marsh McLennan data shows one large broker's cyberinsurance takeup rate at 47% last year, compared with 26% in 2016.

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