RPS: Carriers demanding more safeguards before offering cyber coverage
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RPS: Carriers demanding more safeguards before offering cyber coverage

Eileen AJ Connelly
October 06, 2021
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Multifactor authentication (MFA) is now a “must-have” for companies seeking cyber insurance, and it is an opportunity for agents to work with their clients seeking coverage, according to Risk Placement Services (RPS).

In its newly released “US Cyber Market Outlook”, RPS said that nearly all cyber insurance providers have added MFA as an underwriting requirement in the past year, amid deteriorating loss ratios as ransomware claims skyrocketed.

Cyber

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Eileen AJ Connelly
Contributing Editor
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