To say demand for cyber insurance is increasing would be anunderstatement. Existing buyers are looking for higher limits. Newbuyers—from industries that had never considered it—are purchasingcoverage. And companies of all sizes and stripes are looking forways to transfer risk through insurance products.

“I think it's fair to say interest in cyber has increased acrossthe board,” says William Boeck, senior vice president and claimscounsel at Lockton Cos. “All types of companies are focusing moreon the cyber risks they have, and as part of that, more areconsidering cyber insurance.”

Anthony Dagostino, executive vice president/FINEX Cyber leaderat Willis Towers Watson, notes that a few years ago demand camemostly from heavily regulated industries such as financial servicesand healthcare. Retailers were quick to follow after sufferinghigh-profile breaches. In more recent years, additional industrieshave entered the space, from manufacturing to education andprofessional services companies such as law firms and real estateagencies.

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