Trend | Range | |
---|---|---|
Special contingency risks – kidnap and ransom: | -5% to +5% |
The special risks insurance markets have almost uniformly removed all cyber extortion coverage from their policy forms.
Insurers are tightening policy language pertaining to cyber events that could be considered part of a ransom scenario.
Interest in active assailant coverage continues to grow.
The pandemic has so far not had a direct impact on this insurance sector, but it is changing the nature of the risk.
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