X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Making sure employees follow protocols and investments to update and continuously monitor systems should be top of mind for insurers’ cyber to-do list. (Credit: wk1003mike/Shutterstock.com) Making sure employees follow protocols and investments to update and continuously monitor systems should be top of mind for insurers’ cyber to-do list. (Credit: wk1003mike/Shutterstock.com)

Just seven years ago, cyber risk ranked as low at 15th in the Allianz Risk Barometer, an annual survey of more than 2,700 risk experts from 100 countries that identifies the top threats for companies for the next 12 months and beyond.

Today, it ranks either near or at the top of seemingly every risk poll conducted. In the intervening years, both knowledge of the threats posed to businesses by cyber and the number of related claims or losses have increased significantly. At the same time, businesses and their insurers now have to deal with a fast-changing, ever-evolving risk landscape, which has been further exacerbated by the outbreak of the coronavirus pandemic.

Legal Innovation Awards 2021Event

Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.

Get More Information
 

Legalweek Leaders in Tech Awards 2021Event

Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives.

Get More Information
 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.