2021 Cyber Market Update

February 03, 2021

In 2020, the cyber insurance market was met with continued negative loss trends, particularly with respect to ransomware as well as the sheer number of records exposed. As a result, in 2021, Insured can expect market reactions to include additional information required in the application phase, increased premiums increased retentions and/or co-insurance requirements, reduced capacity (limits), and potentially restrictive terms.

Oren Wortman, Chris Keegan, and John Kerns of Beecher Carlson’s Cyber Liability Practice take an unfiltered look at the past year and what you need to expect in 2021. Download the whitepaper to learn more.

 

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