The cyber insurance market is beginning to stabilize following several years of steep rate increases, according to Risk Strategies’ State of the Market 2022 Update. The insurance brokerage predicts that rate increases could decelerate to the 10-25% range in 2023 “under the right conditions.” This followed 50% rate increases on average during the first two quarters of 2022 before a deceleration to 30-40% in Q3.

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