Standalone cyber growth 'crucial': JLT Re

The growth of the standalone cyber (re)insurance market is
"crucial" if the industry is to provide a sustainable
long-term solution to cyber risk, according to JLT Re.
In its cyber Viewpoint report, published yesterday, JLT Re said
it believed greater resilience to cyber risk in the (re)insurance
market can be created by considering cyber as a standalone line of
business, rather than a peril.
Some participants have previously argued that the standalone
market is not sustainable in the long term,