Business world Quote by Anonymous
““Specialized policies to protect against online attacks are offered by about 50 carriers, including big names like the American International Group, Chubb and Ace. As data breaches have become a reality of the business world, more companies are buying policies; demand increased 21 percent last year from 2012, according to Marsh, a risk management company and insurance broker. Yet companies say it is difficult to get as much coverage as they need, leaving them vulnerable to uncertain losses.””
About This Quote
Source Report: Marsh Risk Management Survey, 2013
Companies struggle to obtain sufficient cyber‑insurance, leaving exposure to unpredictable losses.
In simple terms: Hard to get enough coverage for cyber risks.
Key Takeaway
Seek broader coverage or risk mitigation strategies.
Themes
risk management
insurance
cybersecurity
business continuity
Mood
cautious
concerned
Type
analytical
informative
When to use this quote
- IT budgeting
- contract negotiations
- enterprise risk planning
Key Concepts
coverage gaps
risk transfer
financial exposure
Questions to Reflect On
- How can firms reduce reliance on insurance?
- What alternative risk controls are effective?
A Different Perspective
Insurance may not cover all emerging threats.
