Jim Blinn, executive vice president of Advisen’s Information & Analytics Division, outlined the global cyber market in a presentation to attendees at the Cyber Risk Insights Conference in San Francisco on March 11.

Advisen data shows cyber-program premiums paid at renewal has been decreasing gradually following its peak in mid-2009 and seems to be stabilizing over the past 2 years.

This contrasts with the mid-market composite, which shows program premiums for the mid-market have been on an upward trend over the same period. The stabilization of cyber program premiums seems to correspond to the relatively flat slope of surplus as a percentage of GDP. This suggests supply and demand has remained stable over the past two years.

Improper collection of digital data is the fastest growing type of cyber litigation globally, according to Advisen data. In contrast, litigation frequency related to the improper disposal/distribution, loss or theft of printed records is the lowest among all case types.