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Geneva Association emphasises need for partnerships to address cyber insurance gaps

The Geneva Association warns that growing cyberattacks and geopolitical tensions reveal significant gaps in cyber insurance coverage. Despite growth in the cyber insurance market, a large protection gap remains. There is a need for cooperation between insurers, governments, infrastructure providers, and tech firms to better understand and address cyber threats. The report also suggests a government ‘backstop’ for major cyber incidents to encourage insurers to expand coverage and risk-absorption capacity.

Source: www.reinsurancene.ws –

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