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European Insurance and Occupational Pensions Authority
General publications

Cyber Risk for Insurers - Challenges and Opportunities


Publication date
1 September 2019


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


31 JANUARY 2023
Cyber Risk for Insurers - Challenges and Opportunities