Cyber insurance market slow to develop: Allianz exec

TECH
Monday, 29 May 2017
2:30 AM MYT

FRANKFURT: The tiny market for cyber insurance has been slower to develop than generally anticipated, a member of Allianz's board said in an interview.

The European market for cyber insurance currently has a premium volume of around €200mil (RM953.28mil), Axel Theis, Allianz board member responsible for global property and casualty insurance, told Reuters in an interview.

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