'Record' year for cyber claims points to crime exposures

The cyber claims experience in 2016 suggests the line of
business behaves far more like a crime product than a liability
product in terms of losses, panellists said yesterday at an Advisen
cyber conference in London.
James Burns, cyber product leader for managing general agent CFC
Underwriting, said 2016 had been a "record" year for
claims notifications at the firm, which specialises in cyber cover
for small and medium enterprises.
"Cyber is not primarily a liability product," he said.
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