Cyber Risk for Insurers - Challenges and Opportunities

As cyber threats have become more prominent in recent years, they are increasingly

considered as a top global risk for the financial sector and the economy as a whole. The

increasing frequency and sophistication of cyber attacks, the fast digital transformation

and the increased use of big data and cloud computing make insurers increasingly susceptible

to cyber threats.

This report provides new information about cyber risk for the European insurance

sector, both from an operational risk management perspective and an underwriting

perspective.