Broader coverage. As the market expands, policies can now extend beyond first- and third-party losses to social engineering fraud and cyber extortion.
Security built in. More policies now include access to specialists for risk assessments, vulnerability scanning and incident response plans.
Smaller businesses. Attacks on smaller firms are increasing, and more affordable products are appearing for them.
Pricing. China Re has reported that premiums and insured amounts have climbed together. Risk adjustment rates have also risen among businesses with cumulative excess losses and high loss ratios, possibly reflecting higher deductibles, higher rates on line and tighter contract limits.
