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This is a very balanced view on the cyber reinsurance market by Moody’s. As the market look for addition capital to cover systemic risk impact. With the Alternative capital market growing significantly with Beasley’s $45 million cyber cat bond and Hanover Re $100m retrocession cyber quota share, transferring cyber risk to capital markets.
Cyber regulation brings significant advantages to the cyber reinsurance market. As cyber becomes a regulatory requirement, driving cyber into the board of covered entities, requiring capital transfer from corporate balance sheets to manage compliance. Compliance that reduces the impact on cyber insurance and reinsurance. Creating more certainty for cyber risk modelling.
Ted Dziekanowski
#cyberinsruance #cybersecurity #cyberriskmanagement
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