The direct loss and defense and cost containment (DCC) ratio of stand-alone cyber insurance policies in the United States grew sharply by 28 percentage points between 2019 and 2020. In 2020, the ratio now stood at 73 percent. This was well above the 47 percent recorded the previous year, with this increase attributed (at least in part) to the shift to remote working due to the global coronavirus (COVID-19) pandemic. The direct loss ratio refers to the share of an insurance company's income that it pays out to claimants.
Direct loss and defense and cost containment (DCC) ratio of stand-alone cyber insurance policies in the United States from 2015 to 2020
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Fitch Ratings. (April 15, 2021). Direct loss and defense and cost containment (DCC) ratio of stand-alone cyber insurance policies in the United States from 2015 to 2020 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1184814/direct-dcc-loss-ratio-cyber-insurance-premiums-us/
Fitch Ratings. "Direct loss and defense and cost containment (DCC) ratio of stand-alone cyber insurance policies in the United States from 2015 to 2020." Chart. April 15, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1184814/direct-dcc-loss-ratio-cyber-insurance-premiums-us/
Fitch Ratings. (2021). Direct loss and defense and cost containment (DCC) ratio of stand-alone cyber insurance policies in the United States from 2015 to 2020. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1184814/direct-dcc-loss-ratio-cyber-insurance-premiums-us/
Fitch Ratings. "Direct Loss and Defense and Cost Containment (Dcc) Ratio of Stand-alone Cyber Insurance Policies in The United States from 2015 to 2020." Statista, Statista Inc., 15 Apr 2021, https://www.statista.com/statistics/1184814/direct-dcc-loss-ratio-cyber-insurance-premiums-us/
Fitch Ratings, Direct loss and defense and cost containment (DCC) ratio of stand-alone cyber insurance policies in the United States from 2015 to 2020 Statista, https://www.statista.com/statistics/1184814/direct-dcc-loss-ratio-cyber-insurance-premiums-us/ (last visited November 21, 2024)
Direct loss and defense and cost containment (DCC) ratio of stand-alone cyber insurance policies in the United States from 2015 to 2020 [Graph], Fitch Ratings, April 15, 2021. [Online]. Available: https://www.statista.com/statistics/1184814/direct-dcc-loss-ratio-cyber-insurance-premiums-us/
