Experts are divided on whether the CrowdStrike outage will significantly affect cyber insurance pricing but agree it will affect terms and conditions, Commercial Risk reported. The incident, which occurred in July, is expected to lead to higher premiums and stricter policy wordings, especially for business interruption and third-party liability coverage. While Guy Carpenter & Co., LLC, estimates financial impact from the event between $300 million and $1 billion, the outage has highlighted vulnerabilities in cybersecurity, prompting insurers to reassess risks and potentially adjust premiums and coverage terms.
