Light Upon CYber insurance / © Amrae - 10 - Large companies Historically low loss ratio... In 2022, large companies paid nearly €267 million in premiums for their cyber coverage, an average premium of €950,000 for each of the 281 covered companies identified in the Lucy study. Over the same period, only 47 claims were compensated for a total of €43 million (an average of €900,000 per claim). This resulted in a historically low loss ratio of 16.2%. This result needs to be put into a market dynamic. In 2020, the claims/premiums ratio literally exploded to 190%: that year, insurers paid out €201.50 million in claims while collecting only €105.90 million in premiums. Between 2019 and 2022, the LOSS RATIO of large companies has thus gone through all extremes: from 190% in 2020 to 16% in 2022. Smoothed out over four years, large companies’ results are more “normal”: with nearly €600M in premiums collected for €365M in claims paid, insurers have a claims-to-premium ratio of 61%. Large Companies: four years of loss ratio 350 300 250 200 150 100 50 - 200 160 120 80 40 - 73 32 2019 2020 2021 2022 106 202 89 267 43 190% 58% 16% €M % n Premium n Disaster l Loss ratio 152 43%
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