The loss ratio for standalone cyber insurance policies in the United States dropped by seven percent between 2020 and 2021. In 2021, the loss ratio was 65 percent, down from 72 percent a year earlier. The loss ratio was calculated by dividing the direct losses and defense costs by the premiums earned.
Value of premiums earned and loss ratio for standalone cyber insurance policies in the United States from 2015 to 2021
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Premiums earned
Loss ratio
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Statista. (September 27, 2022). Value of premiums earned and loss ratio for standalone cyber insurance policies in the United States from 2015 to 2021 [Graph]. In Statista. Retrieved July 15, 2024, from https://www.statista.com/statistics/1336516/cyber-insurance-premiums-earned-vs-loss-ratio-usa/
Statista. "Value of premiums earned and loss ratio for standalone cyber insurance policies in the United States from 2015 to 2021." Chart. September 27, 2022. Statista. Accessed July 15, 2024. https://www.statista.com/statistics/1336516/cyber-insurance-premiums-earned-vs-loss-ratio-usa/
Statista. (2022). Value of premiums earned and loss ratio for standalone cyber insurance policies in the United States from 2015 to 2021. Statista. Statista Inc.. Accessed: July 15, 2024. https://www.statista.com/statistics/1336516/cyber-insurance-premiums-earned-vs-loss-ratio-usa/
Statista. "Value of Premiums Earned and Loss Ratio for Standalone Cyber Insurance Policies in The United States from 2015 to 2021." Statista, Statista Inc., 27 Sep 2022, https://www.statista.com/statistics/1336516/cyber-insurance-premiums-earned-vs-loss-ratio-usa/
Statista, Value of premiums earned and loss ratio for standalone cyber insurance policies in the United States from 2015 to 2021 Statista, https://www.statista.com/statistics/1336516/cyber-insurance-premiums-earned-vs-loss-ratio-usa/ (last visited July 15, 2024)
Value of premiums earned and loss ratio for standalone cyber insurance policies in the United States from 2015 to 2021 [Graph], Statista, September 27, 2022. [Online]. Available: https://www.statista.com/statistics/1336516/cyber-insurance-premiums-earned-vs-loss-ratio-usa/