The cyber risk landscape remains complex. As existing risks evolve and new ones emerge, trends in cyber insurance have shifted in the past year.
The report is based on aggregated data from Marsh UK clients who buy insurance through the London market.
Last year, claims frequency plateaued, a sign of potential flattening of market conditions. However, we expect to see Q3 and Q4 2021 claims increase in the coming months, due to a three- to six-month lag in claims reporting, which also took place in the previous year.*
*Note: Information for 2021 is based on data collected until the end of the year; the number of claims registered in the third and fourth quarter of 2021 is expected to increase due to a lag in notification, as well as collection and qualification of data.