Greater awareness throughout organizations of cyber risks drove significant increases in the take-up rate of cyber insurance purchased by Marsh clients between 2014 and 2015, according to the latest report from the broker.
Overall, Marsh reported a 27 percent increase in the number of insureds buying standalone cyber insurance for the first time in 2015. The manufacturing industry showed the biggest increase with a 63 percent rise over 2014. Insureds in the communications, media, and technology sector showed the second-largest increase in new purchases at 41 percent.
Read more at http://www.advisenltd.com/2016/04/04/cyber-insurance-take-up-rate-for-new-policies-increases-27-in-2015-marsh/
Erin Ayers, Cyber insurance take-up rate for new policies increases 27% in 2015: Marsh (April 4, 2016), available with subscription at Advisen Cyber Front Page News.
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