Many insurance-linked securities (ILS) investors remain hesitant about allocating capital to cyber insurance and reinsurance risks, which leads rating agency S&P Global to suggest growth of a cyber ILS market will likely be slow in the short to medium term.
With market conditions for insurance-linked securities (ILS) investors seen as improving after several difficult years of natural catastrophe loss events, S&P notes that cyber ILS could be seen as one big opportunity right now.
The cyber insurance market is facing rising demand for protection from end customers, but the capacity offered in the cyber insurance and importantly cyber reinsurance (and retrocession) market is not keeping pace so far.
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