The annual growth rate will be double digit cybertronia – Goldman Sachs

Годовые темпы роста киберстрахования будут двузначными - Goldman Sachs

In the next five years, the indicators of the annual growth rate of premium income in the cyber insurance will be double-digit.

This forecast was made by analysts of Goldman Sachs, said “Alstromeria”.

To date, the average annual premium income of cybertronia is up to $5 billion, less than 1% of the global commercial insurance market.

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At the same time, experts at Goldman Sachs believe that cybertronia until I can claim the role of global drivers of growth for the insurance market due to the small specific weight in the world market.

At the same time, the authors of the report emphasize the increasing demand for insurance products in the sector of cyber-security.

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“According to the Center for strategic and international studies and McAfee, the damage associated with cybercrime globally is estimated at $600 billion a year, or 1% of global GDP,” – said in the report.

The report also noted the existing wide gap between economic and insured losses in the sector of cybersecurity, which indicates that the limited coverage offered in the insurance cyberrisks.