The cyber insurance market still exists... Cyber insurance rates have reached new heights but still do not sufficiently value the “diamonds” of prevention. With the benefit of a few years’ hindsight, insurers now have a better understanding of cyber risk, but this is still limited to a partial statistical analysis of the loss experience. Indeed, without a global study, insurers only have a fragmented view of this risk. Still too weak from a technical point of view, the insurers’ analysis does not sufficiently take into account the increasing efforts of companies in terms of prevention and the results obtained - the number of successful attacks is decreasing and so are the extent of their consequences. While we can be pleased to see a small revival in underwriting by insurers in certain segments in 2022, market conditions remain difficult. Increasingly high deductibles, still reduced capacities, more stable but still high prices, increasingly limited guarantees and, finally, an insurance offer that is not open to all. Indeed, to access them, companies must be imaginative and try to comply with standards not yet defined by the insurance market and variable by player. Although the growth of the cyber insurance market has resumed, it is still insufficient. The volume of premiums collected in France, all policyholders included, remains low and corresponds to the equivalent of a single major claim. EDITORIAL OLIVER WILD Chairman of Amrae Risk and Insurance Director of Veolia EDITO LUmière sur la CYberassurance / © Amrae - 4 -
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