Beazley touts cyber claims frequency reductions as it returns to profit
Underwriting action taken at Beazley towards the end of last year has cut cyber claims frequency in half, the insurer revealed on Friday as it reported a $167.3m (£121.8m) pre-tax profit for the first half of 2021.
Early data suggests that claims frequency for cyber business written since October 2020 is 50% lower measured against premium and 20% lower measured against policy count.
Paul Bantick, global head of
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