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BRIEF-Fitch says cyber insurance an emerging business line that presents unique risks for insurers​
September 27, 2017 / 1:34 PM / in 25 days

BRIEF-Fitch says cyber insurance an emerging business line that presents unique risks for insurers​

Sept 27 (Reuters) - Fitch : ‍

* Fitch says cyber insurance been profitable business line for early market entrants, with global premium volume set to increase six- to eightfold within decade

* Fitch says expect cyber insurance business to be ratings neutral for most highly rated insurers with sound underwriting

* Fitch on cyber insurance says developing cyber regulation in Europe and elsewhere is likely to spark demand for coverage

* ‍Fitch on cyber insurance says more active cyber regulation in U.S. is a prime factor behind an estimated 90% of global cyber premium originating there​

* ‍Fitch says cyber insurance is an emerging business line that presents unique, new risks for insurers​

* ‍Fitch on cyber insurance says nature of cyber risk, wide variety of potential cyber events add to challenges in quantifying risk aggregations, loss potential​

* ‍Fitch says benefits of geographical diversification for insurer’s credit profile not necessarily as strong for cyber exposure relative to other insurance lines​​ Source text for Eikon:

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