In 2024, a significant share of C-level executives stated that the price of coverage was the main reason for not having a cyber insurance policy. Around one-third of the respondents expressed concerns regarding high pricing. The lack of awareness about cyber insurance was very common among top executives, with around 26 percent of respondents being unaware of it.
Senior executives' reasons for not having a cyber insurance policy worldwide in 2024
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Munich Re. (April 26, 2024). Senior executives' reasons for not having a cyber insurance policy worldwide in 2024 [Graph]. In Statista. Retrieved November 25, 2024, from https://www.statista.com/statistics/1466669/cyber-executives-insurance-reasons-for-not-buying/
Munich Re. "Senior executives' reasons for not having a cyber insurance policy worldwide in 2024." Chart. April 26, 2024. Statista. Accessed November 25, 2024. https://www.statista.com/statistics/1466669/cyber-executives-insurance-reasons-for-not-buying/
Munich Re. (2024). Senior executives' reasons for not having a cyber insurance policy worldwide in 2024. Statista. Statista Inc.. Accessed: November 25, 2024. https://www.statista.com/statistics/1466669/cyber-executives-insurance-reasons-for-not-buying/
Munich Re. "Senior Executives' Reasons for Not Having a Cyber Insurance Policy Worldwide in 2024." Statista, Statista Inc., 26 Apr 2024, https://www.statista.com/statistics/1466669/cyber-executives-insurance-reasons-for-not-buying/
Munich Re, Senior executives' reasons for not having a cyber insurance policy worldwide in 2024 Statista, https://www.statista.com/statistics/1466669/cyber-executives-insurance-reasons-for-not-buying/ (last visited November 25, 2024)
Senior executives' reasons for not having a cyber insurance policy worldwide in 2024 [Graph], Munich Re, April 26, 2024. [Online]. Available: https://www.statista.com/statistics/1466669/cyber-executives-insurance-reasons-for-not-buying/