Financial firms rethink after cyber insurance premium spike

Brokers say there are signs pressure is easing, but quantum hacking threat could transform market

Banks and other financial firms have been struggling with a switchback from insurance providers over cyber risk insurance, as earlier generous underwriting standards have tightened dramatically over the past two years. Some firms are now deciding whether to cut their coverage and invest more heavily in cyber security instead.

Brokers say there are signs the sharp rise in premiums and exclusions is abating. But the increasing number of cyber attacks, together with a shift from data breaches to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: