Cyber insurance: US market premiums increase in 2022

A report by AM Best indicates that the US cyber insurance market's turnover reached 7.2 billion USD in 2022, representing a 50% increase over one year.

Over the past year, insurers have not only benefited from higher rates, but also from growing demand for cyber policies and a decline in ransomware attacks.

The technological revolution and the development of artificial intelligence are creating major risks of exposure to cyber attacks. This factor is prompting American companies to step up their coverage against hacking risks.