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‘Pricing is under pressure’ for cyber cover as SME demand grows – Swiss Re

By 2024-07-30T06:00:00

Jason Richards (2)

Reinsurer’s UK and Ireland chief executive believes a public-private partnership focused on cyber cover would be ‘beneficial’ for insurance industry – especially to mitigate possible risk aggregation

Cyber insurance pricing is “under pressure”, with insurers striving to ensure “price adequacy remains at a good level” amid growth in demand for this cover – particularly from small and medium-sized enterprises (SMEs), according to Jason Richards, chief executive of UK and Ireland at reinsurer Swiss Re.

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