Cyber-related business interruptions now a top concern, fueling evolving insured demands

Among its key findings, Zurich’s 2019 Advisen Information Security and Cyber Risk Management report found that 82% of respondents said cyber risk has become a significant concern across their entire organizations.

95% of respondents said that they expect business interruption to be covered under their cyber policies in the event of a claim.

Additionally, 75% reported that they expect contingent business interruption to be covered, reflecting awareness that third-party cyber breaches affecting vendors can impact supply chains and vital services.

The report found 74% of insurance buyers who changed their cyber coverages in the last year did so to purchase higher limits than those provided by their prior policies.