This AIG data showing that cyber claims have grown quickly and now outnumber the volume of policies sold sends a strong message that growth in cyber insurance needs to strike a delicate balance of offering attractive coverage for clients while staying healthy regarding limits, premiums and conditions. 

While some critics complain about complicated underwriting, I am convinced that what will offer real value to clients is a risk dialogue between them,  insurers and other experts, together with the assistance in a crisis. 

At the same time, insurers and service providers need to get ready to handle a continuously increasing wave of claims as there are certainly more to come, what with GDPR now in force, increased regulatory activity, larger fines being levied, as well as ever more sophisticated cybercriminals.