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ldoherty

What are the top trends in cyber insurance going into 2025?

Tasked with navigating an ever-evolving risk environment, the cyber insurance market has distinguished itself by its ability to pivot at speed, alongside its early adoption of proactive products and solutions. So, with 2025 in the near distance, what are some of the top trends shaping the sector – and what is the next year likely to hold for the market?

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Rokstone and NormanMax debut global parametric insurance product

“It is my belief that we are at the beginning of a global parametric insurance revolution,” Meier said. “Parametric is the lead violin in a symphony of risk transfer. The ability to work with large, respected MGAs like Rokstone, to provide worldwide access to parametric solutions that utilize both public and proprietary data backed by Lloyd’s capacity, is an important step in the widespread mainstream adoption of parametric products.”

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Cost reductions, data explosion propel AI’s role in insurance: AM Best report

To maximize AI’s benefits, he stressed the importance of a robust IT infrastructure. “For companies to truly get real benefit from some of these emerging technologies, including AI or generative AI, they really need to have an efficient IT infrastructure, because if they don’t have systems that can talk together to each other or get the data from third parties efficiently, then it’s really hard to leverage some of these emerging solutions,” he said.

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