Despite rising costs, most cyber insurance buyers are trying to maintain or increase their current level of cyber insurance coverage. Today, this trend has caused some strain in a market that continues to be characterized by limited capacity and increased demand.
Nevertheless, the cyber (re)insurance market is showing signs of stabilization. While a steadier market is reassuring, CyberCube has identified a number of areas that the (re)insurance and broking community need to focus on in the first six months of 2023.