From agile start-ups to multinational corporations, we know that the nature of cyber risk changes depending on the type of business you are. One size does not fit all.
Our knowledge of the cyber risk landscape gives us a deeper understanding of the different types of cyber risk – whether it’s the physical damage exposure of big industry or the high volume of patient records stored by a hospital.
Whilst GDPR has put the spotlight on data privacy and cyber issues, there are other more prominent trends that are driving a greater take-up of cyber insurance. When speaking to our clients, the growing frequency, severity and sophistication of the ransomware threat to their businesses has been their biggest concern and the true catalyst for cyber insurance adoption