Amid the many "aggressive growth projections" of the cyber insurance market and the exciting picture that they paint for P&C, there's an element of this growth story that doesn't get talked about quite as much - the capital needed to support that growth. That's the point of interest for Jon Laux (pictured), VP of Analytics and his team at CyberCube, and the focus of their recent report, 'Projecting Cyber Insurance Growth'.
The report explored a 10-year projection of the cyber insurance market's trajectory, under the banner of several different growth scenarios - that of 10%, 20% and 30% annual growth. "We were purposefully not overly specific on the numbers," he said, "because we didn't want people to fixate on those numbers but rather on how these growth scenarios could play out and what they would mean in terms of the potential capital need or capital allocation in 10 years time. And where might that capital come from?"