Marsh report on cyber insurance: Rate increases decline even amid strong demand

Businesses continue to fuel strong demand for cyber insurance coverage, but the substantial rate increases of recent years have cooled off and that has put the market on a much firmer basis, according to the global insurance broker Marsh.

“The outline of a more stable market on the horizon is becoming clearer as time passes. We are optimistic the market will continue to build on this momentum and continue on its path toward stabilization,” Marsh said in its third quarter...