Brad Gow Featured in Advisen’s Front Page News Cyber Edition
Brad Gow, Sompo International’s Global Cyber Product Leader, discussed his thoughts on whether insurers underestimate potential losses when underwriting and pricing cyber business in an article published in Advisen’s Front Page News Cyber Edition. He noted that, “Greed is overtaking fear in the market,” and commented on the similarities to the property market of 25 years ago, when one storm [Hurricane Andrew] blew through and wiped out all the cumulative profit amassed by the property insurance industry. “The possibility exists for the exact same thing to occur in cyber. I think as an industry, we’re opening ourselves up to some sort of cascading failure,” he said.
Read more in the Advisen Front Page News article, ‘Greed is overtaking fear in the market': Has the cyber insurance market overextended itself?’