Standalone cyber market can take major cat loss: JLT Re

The standalone cyber (re)insurance market is resilient enough to
withstand a major cyber catastrophe and offer a sustainable
long-term coverage proposition, JLT Re has claimed.
In its cyber Viewpoint report, published today, JLT Re said it
believed the growth of the cyber standalone segment was
"crucial" if the market was to find a viable solution to
cyber risk.
Some participants have previously argued that the standalone
market is not sustainable in the long term, as it is not in a...