Just how soft is the cyber insurance market in Canada?

Just how soft is the cyber insurance market in Canada?

iStock.com/sankai Cyber insurance in Canada remains in a “very soft” market, with carriers offering more capacity, limits and coverages for less premium, a senior underwriter says. “I’ve been underwriting cyber for about seven years now, and it’s probably the softest I’ve seen it,” Lynda David, senior underwriter, technology & cyber with Sovereign Insurance, tells Canadian Underwriter. For example, David’s seen renewals either as is or flat. “Bu…