Key findings and considerations concerning EIOPA’s cyber risk report

In September, the European Insurance and Occupational Pensions Authority (EIOPA) published a report analysing cyber risk from both the perspective of insurers providing cyber coverage and the perspective that insurers are susceptible to cyber threats themselves. EIOPA’s report examines data gathered from 41 European insurance and reinsurance groups.

This paper by Milliman consultants Claire Booth and Emma Hutchinson highlights the key findings of EIOPA’s report relating to cyber risk as an element of an insurer’s own operational risk profile. They offer perspective based on their experience working with firms in this area.

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