As cyber market softens, increased captive role remains 

• Captives provide greater protection against market shifts 
• Rate reductions may not be sustainable and could reverse 
• Cyber frequently written as part of multi-line policies 

Despite a sustained decline in commercial cyber insurance rates, captive utilisation continues to increase, with captives playing an ever-greater role in how many organisations finance cyber risk. 

While softer pricing has traditionally reduced the incentive to retain risk within a captive, the current cyber market is not triggering a widespread retreat from captive utilisation.