With only 30 years of history to call on around cyber insurance, and in a space that is constantly evolving, trying to balance the intake of premiums with outgoing claims has been a challenge for commercial cyber insurers with so much of the market still new and unknown.

What is the primary driver of rising insurance costs for condo corporations? Insurance Business Canada has broken down some of the reasons why as predictions see the increases likely to last through the first two quarters of 2022.