AI as an emerging threat has the potential to form its own insurance product, but also to reshape elements of existing products

The CrowdStrike incident serves as a stark reminder not all cyber or technology loss events are deliberate attacks

Global IT outage would represent a loss ratio impact of between 3% and 10% on the current global cyber premiums, which total $15bn

Only 10% to 20% of total losses are likely to be covered by cyber insurance policies, owing to high deductibles and low policy limits, according to analysis by Parametrix

Ratings agency expects total economic losses of several billion dollars, with limited insured exposure 

The growing ability of threat actors to make use of AI is contributing to the rise in cyber crime, with supply chain attacks a particular concern

London-listed carrier signals no change to ‘low 80s’ full-year undiscounted combined ratio guidance

Cyber insurers face business interruption losses, while D&O and property/casualty writers could also see exposures, brokers warn

Cyber insurers will be scrambling to understand their exposures to the outage as businesses worldwide are affected 

Foundations have been laid for a mature cyber market driven by exposure-led growth, broker says

As penetration of cyber coverage continues to increase, it is important insurers and brokers work with buyers to make sure they are crystal clear on the scope and limits of their coverage

Risk managers’ association calls on EU to close protection gaps and consider public cyber reinsurance pool