for more gohttp://seekingalpha.com/article/3957343-cyber-insurance-growth-opportunity-property-casualty-insurers
Cyber Insurance: A Growth Opportunity For Property And Casualty Insurers
Summary
Cyber-attack costs are increasing and are likely to continue increasing especially with the advent of IoT.
The cyber insurance market is one of the fastest growing markets for P&C insurers.
Aggregate risk is a potential threat to the credit quality and financial strength of insurers.
As the market matures, the challenges are likely to be overcome, initial changes are underway.
Please take note this is only one aspect in weighing the attractiveness or non-attractiveness of any of the stocks mentioned in this article and should not be used independent of other factors.
There was an average of 200,000 global cyber security incidents a day in 2014.
The number of data breaches in the U.S. alone has been trending upward.
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