PCS launches cyber industry loss tracking service

Property Claim Services (PCS) has established a cyber loss tracking
service, marking its second specialty insurance loss index.
The loss aggregation service has been developed in collaboration
with reinsurance broker Capsicum Re and will provide a third-party
view of cyber industry loss estimates.
It will cover worldwide cyber events with insured losses of at
least $20mn.
The index can be used to facilitate reinsurance and alternative
risk-transfer transactions such as ILWs, PCS said.
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