Almost three quarters of cyber insurance claims between 2013 and 2019 involved an insuring clause related to breach incident response and crisis management, according to an analysis conducted in 2020. The second-most common insuring clause related to data privacy and privacy breaches, followed by cyber extortion. Generally, cyber insurance is designed to protect businesses from risks arising from the use of data and technology in business operations.
Distribution of cyber insurance claims made worldwide between 2013 and 2019, by insuring clause
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Willis Towers Watson. (July 31, 2020). Distribution of cyber insurance claims made worldwide between 2013 and 2019, by insuring clause [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1190926/cyber-insurance-claims-insuring-clause-global/
Willis Towers Watson. "Distribution of cyber insurance claims made worldwide between 2013 and 2019, by insuring clause." Chart. July 31, 2020. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1190926/cyber-insurance-claims-insuring-clause-global/
Willis Towers Watson. (2020). Distribution of cyber insurance claims made worldwide between 2013 and 2019, by insuring clause. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1190926/cyber-insurance-claims-insuring-clause-global/
Willis Towers Watson. "Distribution of Cyber Insurance Claims Made Worldwide between 2013 and 2019, by Insuring Clause." Statista, Statista Inc., 31 Jul 2020, https://www.statista.com/statistics/1190926/cyber-insurance-claims-insuring-clause-global/
Willis Towers Watson, Distribution of cyber insurance claims made worldwide between 2013 and 2019, by insuring clause Statista, https://www.statista.com/statistics/1190926/cyber-insurance-claims-insuring-clause-global/ (last visited November 22, 2024)
Distribution of cyber insurance claims made worldwide between 2013 and 2019, by insuring clause [Graph], Willis Towers Watson, July 31, 2020. [Online]. Available: https://www.statista.com/statistics/1190926/cyber-insurance-claims-insuring-clause-global/
