Trend | Range | |
---|---|---|
Cyber risk | -5% to flat |
We are currently seeing flat primary and excess cyber renewals and in some instances even decreases, and capacity continues to be readily available.
While the average ransomware payment decreased in the latter half of 2023, overall ransomware incidents are still on the rise.
Markets continue to grapple with how to address claims and losses that may result from state sponsored cyber-attacks, as well as exposures stemming from wrongful collection and the use of artificial intelligence.
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