Light Upon CYber insurance / © Amrae - 2 - Amrae publishes the 3rd edition of Lucy, a study of the insurance coverage of cyber risk in France. THE MARKET IS BECOMING MORE MATURE BUT REMAINS VOLATILE The years follow one another and are not alike on the cyber insurance front. In 2021, the 1st edition of the Lucy (LUmière sur la CYberassurance) study raised the question of the insurability of cyber risk: after a heavily loss-making 2020, insurers then seemed to want to withdraw from the market. They finally decided to thoroughly review their portfolios and tighten underwriting conditions by increasing premium rates, raising deductibles and reducing capacity. This decision, taken in 2021 in the large company segment, will then be extended to the entire market: to the Mid-cap company segment in 2022 and - we can already bet on it - to the medium-sized, small and micro company segment in 2023-2024. These forecasts can be taken seriously: because of its methodology and the historical depth of its four years of data, Lucy has proven its robustness. To the point of becoming a reference in the cyber risk market: regularly quoted by the various actors of the cyber risk community, it has become a key element in the dialogue between risk managers, brokers and insurers. A study led by Philippe Cotelle, Board Member of Amrae and chairman of the Cyber Commission, vice-president of Ferma and Risk Manager of Airbus Defence & Space
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