Fitch: U.S. Cyber Insurance Premiums Total $1B Per New Supplemental Filing

(The following statement was released by the rating agency)

CHICAGO, August 24 (Fitch) Aggregating the cybersecurity

statutory supplement

data for the U.S. property/casualty (P/C) insurance industry

finds that

approximately 120 insurance groups reported writing cyber

coverage in 2015

totaling approximately $1 billion in direct written premiums

volume. Fitch

analyzed cyber insurance market share and performance in a new

special report,

'U.S. Cyber Insurance Market Share and Performance' that

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