Direct written premiums for cyber far outpace commercial lines and demand is expected to increase.

AM Best special report says industry saw an $8.2 billion net underwriting loss.

Report shows total income rising 11 per cent during the year while expenses also increase.

Panel discusses in-demand technology roles and competition for staff.

Surging premiums moderate somewhat but systemic risk causes reinsurance reticence.

AM Best report examines economic activity, monetary policy and market vulnerabilities affecting insurance companies.

Industry’s net income jumps 76 per cent in 2021 while pre-tax operating income increases more than 100 per cent.