M&A Activity Raises Concerns for Cyber Insurance Market Capacity
Recent mergers and acquisitions among major re/insurance companies are sparking caution for the cyber insurance sector. Industry experts, including Marsh’s International Cyber Solutions Practice leader Justin Konyar, warn that these consolidations could limit market capacity and reduce competition.
Impact on Cyber Insurance Capacity
Konyar highlights that the wave of M&A deals creates "seeds of concern" around the availability of capacity in the cyber insurance market. With fewer independent players, there is a risk that this consolidation may shrink the options available for buyers, potentially driving up prices and limiting coverage choices.
"The ongoing M&A activity could lead to decreased cyber market capacity, which is a concern for clients seeking diverse solutions."
Market Dynamics and Client Implications
The consolidation trend in the re/insurance sector influences underwriting appetite and risk-sharing models. Buyers of cyber risk insurance may encounter challenges as the pool of capital underwriting cyber policies reduces, possibly affecting policy terms and premium costs.
The consolidation of re/insurers through M&A is poised to tighten capacity in the cyber insurance market, raising concerns over reduced competition and fewer options for clients.
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