Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley industries around the world, but the theme of policy language is reoccurring for a cyber insurance industry not known for standardization.
Broker Aon said the cyber incident is “likely to be the most important cyber accumulation loss event since NotPetya in 2017” but overall losses won’t be known until several variables inherent to the cyber insurance industry are understood.
Guy Carpenter said the network outage event will trigger broad coverage for b