Page 59 - Cyber Defense eMagazine December 2022 Edition
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Even larger companies can have vulnerabilities and blind spots. In around 80% of AGCS cyber insurance
claims, involving companies with an annual turnover in the triple digit millions, a significant flaw in the
security of the insured led, or contributed, to the eventual loss.
The good news is that insurance companies are now seeing a very different conversation on the quality
of cyber risk than we were a few years ago and are therefore gaining much better insights as the cyber
insurance market matures. Insurers have a role that goes beyond pure risk transfer, helping clients adapt
to the changing risk landscape and raising their protection levels.
About the Author
Scott Sayce is the Global Head of Cyber and Group Head of the Cyber
Centre of Competence.
Scott can be reached online at [email protected].
Cyber Defense eMagazine – December 2022 Edition 59
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