Articles - AIG survey highlights concerns over cyber risk


 A survey of perceptions about cyber risk sponsored by the American International Group(AIG) found that among corporate executives, more are concerned about cyber threats than about other major business risks.

 More than 85% of the 258 decision-makers surveyed said they were very or somewhat concerned about cyber risks to their organisations, compared with the group’s response to six other areas of risk, including income loss(82% of executives were very or somewhat concerned), property damage(80%), and securities and investment risk(76%).

 Additional survey results, which include input from insurance brokers, found high demand among executives and brokers for information about cyber threats, with 80% indicating that they find it difficult to keep pace because the cyber threat is evolving so rapidly. This prompted AIG to develop the first-ever mobile app for cyber risk management and to introduce other tools to further strengthen its CyberEdge risk management solution.  

Back to Index


Similar News to this Story

Will general election call shake up pensions policy agenda
With the Prime Minister calling for a summer election, LCP Partner David Fairs looks at how this could affect the pensions policy agenda. What does th
Risk Transfer do more insurers mean more capacity
Nikhil Patel takes an in-depth look at current trends in the risk transfer market, including the implications of record-breaking demand and how new en
Aiming for calm seas in our market reforms
The size and scale of the UK financial sector is worth reflecting on. It employs more than 2.5 million people and produced £278bn of economic output,

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.