Search
 

Trends in Cyber Insurance

Cyber's increased profile leads to wider product set, greater take-up among companies of all sizes.

By Phil Gusman, PropertyCasualty360 | Updated on May 04, 2016
To say demand for cyber insurance is increasing would be an understatement. Existing buyers are looking for higher limits. New buyers—from industries that had never considered it—are purchasing coverage. And companies of all sizes and stripes are looking for ways to transfer risk through insurance products.

“I think it’s fair to say interest in cyber has increased across the board,” says William Boeck, senior vice president and claims counsel at Lockton Cos. “All types of companies are focusing more on the cyber risks they have, and as part of that, more are considering cyber insurance.”

Anthony Dagostino, executive vice president/FINEX Cyber leader at Willis Towers Watson, notes that a few years ago demand came mostly from heavily regulated industries such as financial services and healthcare. Retailers were quick to follow after suffering high-profile breaches. In more recent years, additional industries have entered the space, from manufacturing to education and professional services companies such as law firms and real estate agencies.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.