Cyber insurance is delivering meaningful financial protection, with a majority of data breach and first-party losses covered according to Willis’ latest report

▤ Summary

Willis reports that cyber insurance is covering most average data breach and first-party losses, based on analysis of 5,500 claims across 95 countries. The report highlights ransomware as the costliest cyber event, with business interruption and ransom payments driving much of the loss. It also shows that third-party vendors now contribute to a growing share of losses, creating systemic risk for insured organizations. The findings suggest that companies need to reassess their cyber coverage, especially where vendor-related incidents and AI-amplified threats increase exposure.

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