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Cyber catastrophe bond market – room for growth is considerable: Howden

There is “considerable” room for growth in the cyber catastrophe bond market, as cyber insurers and reinsurers get increasingly comfortable with event-based excess-of-loss coverage options and use of quota shares in the cyber reinsurance space reduces, broking group Howden has said.

Commenting on the growing cyber insurance market, Howden noted that prospects look strong, helped by “a growing and increasingly diverse capital base.”

“This will be crucial as the market moves beyond existing premium pools to meet the demands of businesses worldwide,” Howden noted.

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