At the end of 2016, global premium volume in cyber insurance was thought to be in excess of US$ 4bn, with around 80% coming from the US. The other 20% was split between Europe and Asia, where the product is still catching up. Premium volume in Europe is expected to rise from US$ 300m in 2016 to US$ 900m in 2018 – a growth rate of 200% in two years. Why this staggering increase? Cyber threats are one of the biggest threats to companies and organisations in the 21st century. A website linked to cyber attacks on UK banks has recently been shut down following a UK and Netherlands led...