Cyber market faces 2023 discipline test as rate softening emerges in excess layers
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Cyber market faces 2023 discipline test as rate softening emerges in excess layers

Jairo Ibarra
02 February 2023
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After two years of market hardening, the cyber sector is set to face a test of underwriting discipline in 2023 as evidence of rate softening starts to emerge in the most competitive areas of the market.

Cyber rates in excess layers for US accounts saw decreases of mid-single digits to low double digits in Q4, while primary layers remained flat or experienced low rate rises, depending on the class of business, cyber hygiene controls in...

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CyberAnalysis
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Jairo Ibarra
Senior Reporter
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