Through the Looking Glass
Interrogating the key numbers behind today’s cyber market
The Guy Carpenter report, Through the Looking Glass: Interrogating The Key Numbers Behind Today’s Cyber Market, documents the many ways the cyber market has changed in recent years.
Since the publication of Guy Carpenter’s industry loss study, Beyond the Clouds, in 2019, the market saw significant growth and experienced such challenges as ransomware attacks. The market subsequently hardened, challenging the class of business and leading to heightened collection and leverage of data to enhance underwriting and claims processes.
Main takeaways include:
For more on the Dynamics That Define the Market Today, please see the section beginning on page 5 of Through the Looking Glass: Interrogating The Key Numbers Behind Today’s Cyber Market.
A four-day severe weather outbreak in late April across the Great Plains and Midwest spawned over 120 tornadoes, including at least one 'violent' tornado, a term meteorologists commonly use to refer to tornadoes of at least EF4 strength. The scope and severity of impacts from this outbreak are still being assessed at the time of publication.