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Top reinsurers looking to take on more cyberrisk as market evolves

Dec 28, 2018 - SNL European Financials Daily

The world's biggest reinsurers are approaching cyberrisk warily, but comfort levels are growing and some are aiming to take on more risk amid increasing demand from clients.

Cyberrisk exposures can be difficult to quantify, and a single event or breach can affect multiple geographies and lines of business simultaneously, presenting potential risk accumulation problems for reinsurers. There is also relatively little historical loss data, and reinsurers must be aware of so-called silent or n...