With the cyber insurance market size projected to increase in the near future, members of the Neuberger Berman ILS team have said that insurance-linked securities (ILS) will “likely play a crucial role” in providing additional capital to support said growth.
Citing a survey from PwC, Neuberger Berman’s Callum O’Rourke, Vice President, Insurance-Linked Strategies and George Caughey, Analyst, Insurance-Linked Strategies, noted in a recent report that in 2024, 43% of 3,876 business and technology executives from the world’s largest companies named cyber risk in their top 3 priorities for risk mitigation.
“This awareness, often heightened through media coverage, translates into a growing demand for insurance coverage, increasingly seen as a core component of enterprise risk management,” the firm’s analysts explained.
FULL ORIGINAL PUBLICATION HERE
