Underwriting standards need to tighten in cyber: PLUS panel
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Underwriting standards need to tighten in cyber: PLUS panel

PLUS Cyber symposium cyber background.jpg

Additional underwriting scrutiny and discipline are needed to achieve acceptable returns in the cyber class, industry executives have said, on the heels of higher claims activity and fears around systemic exposures that have sent rates soaring. 

Speaking on the cyber state of the market panel at a PLUS conference, Swiss Re’s head of global cyber, John Coletti, said that in cyber, he is seeing the evolution of a marketplace that “really needs to define itself.”

“It’s...

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