Public Pension Funding Index September 2022
August markets cause decline in public pension funded ratio; down to 75.0% as of August 31, 2022.
The cybersecurity insurance market has experienced rapid premium growth in recent years, following deteriorating insurance results in preceding years. Unfortunately, remote work due to COVID led to increased cyber incidents, with a 600% increase in cyber crime. Despite the increase in cyber incidents, insurance results improved in 2021. This article includes a discussion of cyber market growth, insurance results, market diagnostics, and recent claim department responses.