A market update from intermediary Brown & Brown says the cyber market is stable but continues to offer decreases in premium in Q1 2025. It said new capacity continued to come into the market and that the frequency and severity of claims had been steady.

The intermediary said: “New entrants to the market have contributed to ongoing competitive conditions. Incumbent markets seek to retain business with leading controls and add to their portfolios for opportunities of best-in-class risks.”

It added: “Wrongful collection of information and aggregation of risk continue to be top areas of underwriter concern.”