Only one third of cyber insurance policies in OECD countries included coverage for cyber fraud and theft, according to a 2020 analysis of available policies. Conversely, network security liability and data confidentiality breaches was included in all the policies surveyed. Generally, cyber insurance is designed to protect businesses from risks arising from the use of data and technology in business operations.
Coverage of different types of incidents in cyber insurance policies in OECD countries in 2020
According to the source, values are based on a review of 35 publicly-available policy documents or summaries for cyber insurance policies offered in Australia, Canada, Japan, Netherlands, United Kingdom, United States or offered on a regional (Europe) or global basis.
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OECD. (February 25, 2020). Coverage of different types of incidents in cyber insurance policies in OECD countries in 2020 [Graph]. In Statista. Retrieved November 13, 2024, from https://www.statista.com/statistics/1190818/cyber-insurance-policy-incident-coverage-oecd/
OECD. "Coverage of different types of incidents in cyber insurance policies in OECD countries in 2020." Chart. February 25, 2020. Statista. Accessed November 13, 2024. https://www.statista.com/statistics/1190818/cyber-insurance-policy-incident-coverage-oecd/
OECD. (2020). Coverage of different types of incidents in cyber insurance policies in OECD countries in 2020. Statista. Statista Inc.. Accessed: November 13, 2024. https://www.statista.com/statistics/1190818/cyber-insurance-policy-incident-coverage-oecd/
OECD. "Coverage of Different Types of Incidents in Cyber Insurance Policies in Oecd Countries in 2020." Statista, Statista Inc., 25 Feb 2020, https://www.statista.com/statistics/1190818/cyber-insurance-policy-incident-coverage-oecd/
OECD, Coverage of different types of incidents in cyber insurance policies in OECD countries in 2020 Statista, https://www.statista.com/statistics/1190818/cyber-insurance-policy-incident-coverage-oecd/ (last visited November 13, 2024)
Coverage of different types of incidents in cyber insurance policies in OECD countries in 2020 [Graph], OECD, February 25, 2020. [Online]. Available: https://www.statista.com/statistics/1190818/cyber-insurance-policy-incident-coverage-oecd/
