Cyber Insurance Market Survey Report
Earlier this year, members of the American Property Casualty Insurance Association (APCIA) who write cyber insurance were invited to respond to a survey regarding marketplace gaps in coverage or risk selection in the cyber insurance market.
Working in tandem with the APCIA, The Council of Insurance Agents & Brokers (The Council) also surveyed a sample of domestic broker members and their leads on cyber insurance placements using similar questions regarding cyber policy limits, claims, gaps in coverage, and industry challenges.
According to survey respondents, most cyber insurance gaps may be filled, though it could take more than three years to address some of those gaps in the provision of cyber insurance to businesses and other organizations, and sectors ranging from utilities to higher education could be challenged in securing coverage at all. Below are some key highlights from the report.
Download the read-only Commercial Cyber Insurance Market Survey.
