Aon calls for cyber to become own statutory line as industry LR jumps 22 points in 2020
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Aon calls for cyber to become own statutory line as industry LR jumps 22 points in 2020

Eli Rallo
June 09, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
DONT USE OLD DONT USE

Aon has called on the National Association of Insurance Commissioners (NAIC) to improve data transparency by separating cyber insurance products into their own statutory line of business, while also reporting that the average cyber claim size spiked by 50% in 2020.

In its annual US Cyber Market Update released on Wednesday, the intermediary said breaking out the line of business into as many three distinct categories – third-party commercial liability, first-party damage, and cyber for personal lines – was needed...

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsCyberBrokersAon
ER
Eli Rallo
Gift this article