Tom Spurgeon
Underwriting Manager - Financial Risks Reinsurance - Cyber, Personal Accident, Crisis Management and Contingency risks
London
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The 2020s: what’s happened and what’s next?
We’ve learnt so far during the 2020s that the cyber market can handle attritional loss deterioration. From mid-2020 to mid-2022 the cyber market produced significant rate change and there was a complete re-underwriting of underlying portfolios, all necessary because of attritional loss from ransomware.