2023-09-11 21:48:59
In 2020, many companies or public services, such as hospitals for example, were massively victims of cyber attacks. NICOLAS ASFOURI/AFP
DECRYPTION – The cyber insurance market, although precarious, is starting to grow considerably.
The years go by and are not alike when it comes to cyber insurance. After having turned away from this very young market from 2020, insurers and reinsurers (insurers of insurers) are now more likely to offer companies cover against attacks by Internet pirates. As a result, this market, which weighed 12 billion dollars in 2022, should almost double in size by 2025 (23 billion dollars in premiums), according to forecasts by S&P Global Ratings.
The situation has changed in recent years. In 2020, many companies or public services, such as hospitals for example, were massively victims of cyber attacks. “The phenomenon was similar to a wave. The claims have exploded, recalls Philippe Cotelle, administrator of Amrae and president of its cyber commission. In France, the total amount of claims amounted to 207 million euros in 2020, while the total premiums collected by insurers did not exceed…
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