Nearly half of cyber clients face 20%+ cyber rate rises: CRC
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Nearly half of cyber clients face 20%+ cyber rate rises: CRC

James Thaler
June 16, 2021
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CRC Group logo with Garrett Koehn and Neil Kessler.jpg

Cyber rates have soared since Q4 last year, with 70% of wholesale broker CRC’s clients reporting double-digit rate rises in April and almost half absorbing rate rises in excess of 20%, according to the company’s Cyber REDY Index that it is releasing for the first time.

Average rate increases among CRC clients hit 23% in April, tripling the 7.5% rate rises from a year ago, and advancing on the 13% rate gains just in January.

The

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