In an article published by Insurance Business Canada, CNA’s Jacqueline Detablan discusses the lack of consistency in the cyber marketplace, creating challenges for brokers due to the lack of standardization of coverages, underwriting criteria and pricing.

“Some markets are needing to adjust their portfolios,” Detablan commented. “Rates depend greatly on the risk at hand and developments to cyber concerns in a specific industry. Large complex programs are seeing modest rate increases, whereas a standard middle market account can generally expect a flat renewal. This does, however, depend on the terms which have been presented.”

For more information and personal insights, read the article Lack of consistency makes cyber insurance "tough to place”, published in Insurance Business Canada.

Published article: HERE.