Cyberattacks surge, but insurers struggle to stand out

Rising risk, softening market

Still, growth hasn’t brought clarity. Kocsondy described the current landscape as “high stakes, high risk, high reward.” Cyber losses are rising, threat actors are multiplying, and attack vectors are increasingly complex. But rates, she said, have been falling. Pricing has softened by over 20% from its recent peak, making it more challenging for carriers, even as demand continues to rise.

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