Cyber insurance premium costs rise 5 percent in 2019 | SC Media – SC Magazine

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has found. report The business insurance advisory firm AdvisorSmith told SC Media this counter intuitive result is due to the fact that while claims rose 20 percent in 2018 from 2017, the last year from which data is available, the severity of loss on each claim declined by about 11 percent negating the need for a massive surge in premium prices.