Chubb overtakes AIG in US cyber insurance ranking

By Intelligence Insurer

Chubb INA Group has surpassed AIG to become the largest cyber underwriter in the US. According to data by AM Best, Chubb wrote $284.4 million in cyber direct premiums in 2017, up from  $133.5 million in 2016, while AIG’s cyber direct premiums written in 2017 were roughly unchanged at $227.6 million in 2017 after $228.3 million in the previous year.

As the cyber insurance market grows, carriers will likely retain larger amounts of the risk through underwriting operations and the implications of cyber risk for insurers extended beyond the affirmative cyber insurance market, AM Best said.

Read more here.

21 Aug 2018

Tagged in: cybersecurity, insurtech, underwriting, US

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