The Future of Cyber Insurance

Navigating new forms of volatility

Snapshot

The recent CrowdStrike outage incident underscored the reality that cyber risks extend beyond deliberate attacks and can in fact stem from routine updates or software glitches.
The incident also exposed vulnerabilities in business continuity strategies.

The recent global IT outage triggered by a CrowdStrike update sent ripples across industries, highlighting the critical need for robust cyber resilience strategies.

As businesses in the Asia Pacific (APAC) region assessed the impact, the incident underscored the vital role of cyber insurance in mitigating even non-malicious events and emphasised the importance of comprehensive Business Continuity Planning (BCP).

It is now expected insurers will tighten scrutiny on cyber resilience measures. Organisations must ensure their cyber insurance policies are tailored to their specific needs, regularly test BCPs, and prepare for complex claims processes to safeguard operations and financial stability in the evolving cyber threat landscape.

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The Future of Cyber Insurance

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