American International Group, Inc., has announced that, as of January 2020, virtually all of its commercial property and casualty insurance policies will begin affirmatively covering or excluding physical and non-physical cyber exposures, addressing market concerns that traditional commercial insurance policies across the industry – from property to general liability – often are silent about cyber coverage.

"AIG believes P&C policies globally should be clear about the cyber coverage they provide. For the most part, across the industry, typical P&C policies have not been written to adequately deal with cyber exposure," said Tracie Grella, global head of cyber insurance. "As we shift to affirmative cyber coverages and exclusions, our clients can more closely consider the cyber peril they face and evaluate how that exposure impacts coverages and policies across their enterprise."

In a statement, AIG explained that it began its multi-year transition to affirmative cyber coverage in 2014 with its CyberEdge PC policy, which it said was designed to help fill gaps in any property and casualty policy where cyber coverage may have been inadequate, silent, or unclear.