Carriers don’t have an easy task in pricing cyber insurance coverages. Because this risk is relatively new on insurers’ radar screens, there is little historical loss data to determine potential costs.
The video embedded here has some answers. In it, Kevin Kalinich, Aon’s global practice leader for cyber insurance, tells Carrier Management how insurer-pricing methods have evolved in an effort to adapt to rapidly changing cyber risks and coverage needs.
Related Articles: Cyber Risk Insurers Lag in Buying Cyber Cover
Related Videos:
Aon’s Kalinich on Insurer Appetites for Cyber Risk
Cyber Insurance Demand Uneven, Aon Exec Says
Unintended Consequences Loom from NAIC’S Cyber Principles
Repair Times Decline by 5 Days, Auto Claims Costs Continue to Rise: JD Power 
Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best 
90% of Insurers Have GenAI Budgets; 10% Can Fully Comply With AI Regs 
Chubb Continues ‘Record’ Year With 13.8% Jump in Q3 Net Income 
