Snapshot
- Reinsurance plays a large role in the cyber market, with an estimated 40% of all cyber risk being ceded to reinsurers.
- Understanding how reinsurance markets are viewing cyber exposures and the current market conditions provides insight into the behaviour of insurers with respect to cyber coverage.
In episode four of Aon’s Cyber Pulse podcast series, Cyber Insurance Practice Leader, Michael Parrant and Head of Property, Reinsurance, Paul Grasso, discuss the role reinsurance plays in supporting organisations as they seek insurance protection against cyber exposures.
Listen now as our experts share insights on approaches to pricing decisions, reinsurers’ limited appetite to expand cyber coverage, greater scrutiny when deploying capacity, and the need for organisations to demonstrate to reinsurers their understanding of their underlying exposures, risk selection and the differentiation of their portfolio compared to peers.
Our experts also explore policy language updates to address silent cyber exposures within reinsurance coverages distinguishing between exposures that fall to Property and ISR policies and those that come under Cyber policies.
Tune in for the latest insights below.
