Rate increases down to 8.3% in Q2 as cyber surges 25.5%: CIAB
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Rate increases down to 8.3% in Q2 as cyber surges 25.5%: CIAB

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Rate growth in the cyber market outpaced that of all other lines of business in the second quarter, surging by 25.5%, while overall rate changes across all lines stood at 8.3%, according to the latest pricing survey from the Council of Insurance Agents & Brokers (CIAB).

The 25.5% growth in cyber rates was an acceleration from the previous quarter, where growth stood at 18%, as the market continues to respond to the increasing frequency of costly ransomware claims.

The

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