BMA report reveals $7.75bn surge in cyber insurance premiums and a $120bn market forecast

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Reinsurance News - Sep 13, 2024

The Bermuda Monetary Authority (BMA), the island’s regulatory body for financial services, has released its annual Bermuda Cyber Underwriting Report, showcasing a significant 63.7% increase in cyber insurance gross written premiums, which reached $7.75 billion in 2022. According to the report,...

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