The total growth of direct premiums written for cyber insurance hit 37% in 2017, and dropped to 8% growth in 2018, according to Fitch Ratings. The cyber insurance market in Europe and a number of other jurisdictions is held back by a range of legal and regulatory requirement. But the industry is still growing at a rapid pace. The US is the largest market for cyber insurance as development in Europe and other regions is held back by regulations such as GDPR.
The total growth of direct premiums written for cyber insurance hit 37% in 2017, and dropped to 8% growth in 2018, according to Fitch Ratings. But the industry is still growing at a rapid pace. The US is the largest market for cyber insurance as development in Europe and other regions is held back by regulations such as GDPR.