Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters surveyed believe cyber risk will increase in 2024.
The survey, included as part of Woodruff Sawyer’s 2024 Looking Ahead Guide, sought underwriter perspectives on the current risk environment, risk appetite and future pricing expectations from a range of insurance carriers including domestic carriers, Lloyd’s syndicates and startup managing general agencies.
