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Silent cyber in US property insurance has $12.5bn loss potential: Report

October 12, 2021

Silent cyber exposures in the United States property insurance market are accumulating to such a degree that a new report suggests a $12.5 billion industry loss from non-physical damage could flow to property carriers, should a major event occur.

Silent or hidden cyber risk is one of the fears of property insurance and reinsurance underwriters, as this exposure aggregates in commercial lines of business and is often going unmeasured.

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