Silent cyber risk in US property could lead to $12.5bn loss: AM Best
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Silent cyber risk in US property could lead to $12.5bn loss: AM Best

Giovanna Bellotti Azevedo
12 October 2021
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AM Best logo new york cyber.jpg

Rising accumulations of cyber risk in the US property market could trigger a one-in-100 year loss of $12.5bn, causing certain carriers to face deterioration in their capital adequacy ratios, AM Best said.

In its report, “Spotlight on Cyber: A study of aggregation risk in the US property insurance market,” the ratings agency said that a loss of this magnitude would be enough to downgrade 18 US property carriers considering Best’s Capital...

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NewsCyber
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Giovanna Bellotti Azevedo
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