Cyber re could double in size every three years: Gallagher Re
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Cyber re could double in size every three years: Gallagher Re

Martha Muir
22 February 2022
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Gallagher Re has predicted that the cyber reinsurance market will double in size every three years if it keeps growing at its current pace, becoming comparable in size to property catastrophe or casualty by 2040.

Cyber is also expected to exceed property cat in terms of annual reinsurance premiums shortly after 2030, especially if insurers continue their heavy reliance on reinsurance.

Gallagher

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Topics

NewsCyberAJ GallagherRe/insurers
MM
Martha Muir
Reporter
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