Light Upon CYber insurance / © Amrae - 14 - Claims: a decrease in frequency and intensity Mid-cap companies did not experience any very large claims in 2022, in contrast to 2021: two claims at more than €10M and five claims compensated between €3M and €10M, whose total cost reached €53M, had then largely contributed to the deterioration of the LOSS RATIO. While the intensity of claims is lower, the frequency of claims has also decreased: the total number of claims has dropped from 110 in 2021 to 72 in 2022, for an average compensation of €266,000 per claim. Mid-cap companies: distribution of claims 2019 2020 XL €3-10M 23 3 M & L €0.3-3M 0.8 XS & S €0-0.3M XS & S €0-0.3M 67 4.77 M & L €0.3-3M 7 5.76 XL €3-10M 1 4.5 XXL €10-40M 0 0 XXL €10-40M 0 0 100 80 60 40 20 - 56 16 17.5 reduction of frequency n Number n Amount of claims 2021 2022 XL €3-10M 24.6 5 M & L €0.3-3M 7.3 10 2.4 XS & S €0-0.3M 93 XS & S €0-0.3M 62 1.1 M & L €0.3-3M 9 8.8 XL €3-10M 2 9.5 XXL €10-40M 0 0 XXL €10-40M 2 28.8 100 80 60 40 20 - reduction of severity
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