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Source kovrr.webp Kovrr
Identifiant 8393601
Date de publication 2021-12-20 00:00:00 (vue: 2023-10-10 07:25:34)
Titre 7 Rapports qui peuvent vous aider à comprendre l'assurance contre le paysage de cyber-assurance continue de faire face à des marges d'érodage, les assureurs ayant du mal à quantifier les risques
7 Reports That Can Help You Understand the Cyber Insurance LandscapeCyber insurance continues to face eroding margins, with insurers having trouble quantifying the risks enterprises faceRead More
Texte The explosion of ransomware attacks and cybersecurity risk as a whole have made life tough for so many organizations across industries globally. Enterprises need to face these risks in what’s often a challenging business market anyway, and turning to potential solutions like cyber insurance comes with its own difficulties. The cyber insurance market continues to harden, with insurers facing eroding margins and often struggling to quantify the risk enterprises face. But it’s not all bad news. Cyber insurance companies and other enterprises who want to know the cyber landscape better have a wide range of resources to turn to. As the market matures, many quality research reports have emerged, including several that provide overviews and predictions for what will happen within cyber insurance and cybersecurity as a whole for 2021 and beyond. But which of these research reports should you read to strengthen your cyber knowledge and feel more prepared for what may come? In this article, we’ll provide a brief overview of seven of the top cyber insurance research reports for you to consider diving into more.1) Munich Re: Cyber insurance: Risks and trends 2021In the report “Cyber insurance: Risks and trends 2021,” the reinsurer Munich Re shares the results of the company’s first “Global Cyber Risk and Insurance Survey.”Some of the key findings include that amidst rapid digitization within companies, approximately four out of five C-suite executives do not think their company has adequate cyber threat protection. The top cyber threats feared by this group include fraud, data breaches and ransomware. The survey also finds gaps in cyber insurance knowledge, but the market could soon grow, with 35% of C-level respondents likely to soon take out a policy.Munich Re also notes the importance of cyber risk accumulation. While the company mentions its own accumulation models, “it is important to monitor the market and seek external expertise from different vendors in order to assure state of the art accumulation management,” the company says.2) Aon: Cyber Insurance Market Insights Q1 2021In one report from Aon, “Cyber Insurance Market Insights Q1 2021,” the firm highlights how the cyber insurance industry is changing amidst evolving cyber risks. In particular, the company highlights how issues such as ransomware, silent cyber exposure and the SolarWinds event have affected the cyber insurance market.With SolarWinds, for example, the “theft of investigative tools from a globally recognised cyber security and forensics firm is likely to lead to improved hacking tools in the hands of cyber criminals,” notes Aon.Amidst this backdrop, Aon sees more hardening within the market through 2021 and 2022. Insurers are looking closely at their underwriting practices while also assessing retention, limits and premiums to figure out the right mix to make cyber insurance viable. 3) Aon: 2021 Cyber Security Risk ReportAnother report by Aon, the “2021 Cyber Security Risk Report,” focuses more on the overall risk landscape from an enterprise perspective. In particular, Aon highlights four main cyber-related risks facing organizations today:Digitization: As companies rapidly digitize, particularly with Covid-19 changing the way many companies work, only 40% say they have “adequate remote work strategies to manage this risk.”Third-Party Risk: Organizations need to be aware of risks in their supply chains and among the various vendors they work with, yet only 21% have implemented “baseline measures” to oversee third-party risk.Ransomware: Ransomware attacks have been prevalent and damaging recently, and many are unprepared. Less than one-third of organizations say they’ve implemented “adequate business resilience measures” to handle this risk.Regulation: As stronger data security laws come into place, o
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