BEYOND THE FIRST CYBER CAT BOND: The future for insurance-linked securities (ILS) in the Cyber risk market

The rising frequency of cyberattacks has made a major cyber catastrophe event more a matter of “when” than “if.” Cybercrime cost the global economy an estimated $6 trillion in 2022 and could reach $10 trillion by 2025. With the likelihood of a significant cyber CAT event in the next two years, concerns across the industry are growing. As risks expand and attack vectors become more complex, the (re)insurance market is exploring insurance‑linked securities as a way to absorb large‑scale cyber losses, building on the momentum created by the first cyber catastrophe bond.

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BEYOND THE FIRST CYBER CAT BOND: The future for insurance-linked securities (ILS) in the Cyber risk market

BEYOND THE FIRST CYBER CAT BOND: The future for insurance-linked securities (ILS) in the Cyber risk market

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