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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Share of C-level respondents
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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 July 18, 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 July 18, 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: July 18, 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 July 18, 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/