CYBER CLAIMS STUDY
Our objective for this study is to help risk management professionals and insurance underwriters understand the true impact of data insecurity by consolidating claims data from multiple insurers so that the combined pool of claims is large enough that it allows us to ascertain real costs and project future trends.
While many leading cyber liability insurers participate in the study every year, there are many insurers that have not yet processed enough cyber claims to be able to participate. So our annual study remains a work in progress, while still producing some interesting results.
It is our sincerest hope that each year more and more insurers and brokers will participate in this study—that they share more claims and more information about each claim—until it truly represents the cyber liability insurance industry overall.
- Date: 14 March 2016