Cyber schemes saw an 82% rise in commission earnings during the six-month period from the start of October 2021 to April 2022, according to SchemeServe’s bi-annual index, which tracks trends in the schemes market. It found cyber volumes were up 32% over the period and 500% since the start of the pandemic.

Combined liability schemes generated the second biggest rise in commission earning at 37% over the six-month period, although volumes have remained largely static.

The survey offers insight from the 451 schemes run on SchemeServe.

Adam Bishop, CEO of SchemeServe, said: “We went public with the data in our first ever index just months before the pandemic hit the world, so in this latest Index it has been interesting to compare figures for the last six months as we arguably exit the pandemic.”

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