Treating cyber as a catastrophe
Source: Middle East Insurance Review | Feb 2023
Cyber business is expected to grow threefold within the next five years owing to a rise in demand as companies become more aware of the risks. In preparation for this growth in the market, and the growth of cyber risk itself, specialist insurer Beazley launched a cyber catastrophe bond, a first for the market. We spoke to the insurer’s Mr Paul Bantick on its approach to cyber.
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