This talk provides a bird’s-eye view of the Cyber (Re)insurance market, providing an introduction into actuarial techniques around pricing, loss trends, reserving and accumulation modelling.

We explore a number of underlying factors driving the hardening of the Cyber market, including an increase in ransomware claims, a deterioration of overall loss ratios and tighter scrutiny from regulators around capital and tail risk. 

Also discussed are offsetting factors such as favourable riskadjusted rate change, corrective underwriting actions and increasingly sophisticated vendor models, resulting in a positive future outlook for Cyber as a class.