News

UK cyber rates soar amid market challenges

By 2022-02-02T14:49:00

financial, global

The climb in rates is driven by an uptick in ransomware claims as well as insurers tightening cover rules

UK cyber insurance rates climbed by 92% in Q4 2021 – up from 73% in the previous quarter, according to Marsh’ Global Insurance Market Index published today (2 February 2022).

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