Services sector to drive doubling of cyber premium by 2020

US commercial cyber liability premium is set to hit $6.2bn by
2020, with the services sector likely to be the biggest buyer of
the standalone product in that timeframe, according to a report by
data analytics firm Verisk.
The firm estimated the size of the US commercial cyber liability
market, encompassing both standalone and package offerings, at
$2.5bn for 2016.
The consensus among cyber insurance practitioners is that the
global cyber insurance market currently generates around $3.0bn in
prem