Small- and medium-sized businesses (SMBs) represented about 45% of the cyber market exposure, a study by Guy Carpenter found.
In its latest cyber research report entitled “Small Businesses and the New Frontier of Cyber Catastrophe Modeling,” which was from its Cyber Center of Excellence, it was found that the number of SMBs recorded for cyber market exposure was a notable increase of 45% over the last five years.
The study said that the increased share of SMBs in the cyber insurance market meant that the accurate quantification of their aggregation potential was important to the capacity deployment as well as risk management.
See more on the study in the Insurance Business Maganzine here: https://www.insurancebusinessmag.com/us/news/reinsurance/?_hsenc=p2ANqtz-_Mz-Md-vh_k1ze02zv5syCmOdywPJ-36tC2n9DzsnyTZ5hbyTQihbkr1KcvBdlN4S0rH9EatXJnkbwSE2RkQgB20_uJih067hVLXF7zUMlDA4fA5w&_hsmi=322471451
