{"id":693,"date":"2025-09-30T12:00:11","date_gmt":"2025-09-30T12:00:11","guid":{"rendered":"http:\/\/www.ateliersfurrer.com\/?p=693"},"modified":"2025-09-30T13:36:45","modified_gmt":"2025-09-30T13:36:45","slug":"cyber-premium-growth-slows-though-long-term-outlook-still-promising-moodys","status":"publish","type":"post","link":"http:\/\/www.ateliersfurrer.com\/index.php\/2025\/09\/30\/cyber-premium-growth-slows-though-long-term-outlook-still-promising-moodys\/","title":{"rendered":"Cyber premium growth slows, though long-term outlook still promising: Moody\u2019s"},"content":{"rendered":"

Increased competition and stagnating demand, especially in the US, are decelerating the pace of premium growth in the global cyber insurance market for the second year in a row, Moody\u2019s said in a new report.<\/p>\n

Citing Munich Re data, Moody\u2019s said that gross premiums written in the global cyber insurance market approached $15 billion in 2024, a 7% increase over 2023.<\/p>\n

However, as per the rating agency, this represents a significant slowdown compared with growth rates of 20%-40% from 2018-22.<\/p>\n

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\u201cWe expect cyber insurance premiums to grow in the single-digit percentage range over the next several years, absent major catastrophe losses,\u201d Moody\u2019s observed.<\/p>\n

Notably, premium growth in the US cyber insurance market, the largest in the world, is tapering off faster than in non-US markets.<\/p>\n

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\u201cOver the last two years, a significant proportion of the growth in global cyber insurance premiums has stemmed from non-US regions, where lower penetration rates and increased regulatory requirements (particularly in Europe) are spurring demand for cyber coverage,\u201d Moody\u2019s explained.<\/p>\n

\u201cThe cyber insurance market is likely to continue to grow at a faster pace in these regions, where there is still a significant untapped market, compared to the US. Insurance broker Howden points to opportunities for growth within Europe in countries such as Germany, France and Italy, and in other regions including Asia Pacific and Latin America,\u201d the rating agency added.<\/p>\n

Despite this modest slowdown, Moody\u2019s has suggested that the cyber insurance market is poised to grow significantly over time, as cyber threats continue to escalate and society becomes increasingly interconnected and reliant on the digital economy.<\/p>\n

\u201cBusiness leaders around the world remain concerned about cyber risks, as shown in Allianz\u2019 2025 Risk Barometer report<\/a> in which 3,800 survey participants from 106 countries ranked cyber incidents as the top global risk for the fourth consecutive year,\u201d Moody\u2019s noted.<\/p>\n

This finding is consistent with Munich Re\u2019s previous survey, which found that over 7,500 senior leaders from corporations across 15 countries reported that their companies lacked adequate protection against cyberattacks, with 87% of respondents expressing this sentiment<\/a>.<\/p>\n

Moody\u2019s concluded, \u201cAs awareness increases around cyberattacks and their potential to cause significant financial and reputational damage and disrupt business operations, demand for cyber insurance will continue to grow.<\/p>\n

\u201cIn addition to cyber insurance, businesses will need to continue to invest in internal systems and processes to avoid a cyberattack in the first place, as well as develop, maintain and test comprehensive business continuation plans in case of an attack.\u201d<\/p>\n

The post Cyber premium growth slows, though long-term outlook still promising: Moody\u2019s<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Increased competition and stagnating demand, especially in the US, are decelerating the pace of premium growth in the global cyber insurance market for the second year in a row, Moody\u2019s said in a new report. Citing Munich Re data, Moody\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/693"}],"collection":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/comments?post=693"}],"version-history":[{"count":3,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/693\/revisions"}],"predecessor-version":[{"id":697,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/693\/revisions\/697"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media\/695"}],"wp:attachment":[{"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media?parent=693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/categories?post=693"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/tags?post=693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}