While the average total cost of risk last year softened, cyber insurance costs saw a significant increase instead, one recent survey has found.
Advisen’s RIMS Benchmark Survey for 2018 found that despite record-breaking natural catastrophes, the average total cost of risk (TCOR) saw a 3% drop last year – reflecting a four-year trend of decreases. Specifically, TCOR decreased from $10.07 per $1,000 of revenue in 2016 to $9.75 per $1,000 of revenue in 2017.
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