Analysis by global reinsurance broker, Gallagher Re, finds that by 2040 the cyber market will become comparable in size to either property or casualty as the segment experiences a second wave of growth from 2023.
Gallagher Re’s cyber reinsurance team has published a new white paper, CY-FI: the Future of Cyber Reinsurance, which provides an outlook for the cyber market amid an “underwriting revolution” that is well underway.
The main prediction of the paper is that the growth path of the cyber market will see it become similar in size to either property or casualty by the year 2040.
