Cyber Insurance: A Guide For Policymakers – BPC

Cyber Insurance: A Guide For Policymakers by BPC

Washington, D.C. – The market for cyber insurance, a product that did not even exist before the mid-1990s, is booming.

A new report from the Bipartisan Policy Center’s insurance task force, Cyber Insurance: A Guide for Policymakers, looks at the need to create a well-functioning market for cyber insurance and the obstacles that must be overcome.

The recent and anticipated growth in the cyber insurance market is due, in large part, to the growth in cyber attacks, which carry a significant cost.  But it has been difficult for insurers to assess how much risk they are insuring against from these attacks.

Obstacles to the further development of the cyber insurance market include improving...