Norm Cyber - 2022 Survey Results - The Aftermath - Flipbook - Page 14
Got it covered. Part 02.
Q12. What changes did you observe to your policy
at your last renewal?
Responses from both groups demonstrate that while cost for insurance is increasing,
the cover it provides is being reduced, meaning businesses need to introduce more
cyber controls to protect themselves.
2022
Business
leaders
Technical
respondents
2021
Premium increased
77%
–
Reduced cover
08%
–
Additional exclusions included in the policy
00%
–
Have to improve cyber security posture and controls
15%
–
2022
2021
Premium increased
68%
–
Reduced cover
13%
–
Additional exclusions included in the policy
09%
–
Have to improve cyber security posture and controls
10%
–
*Posture and control are as important to cyber security as it is to yoga... ommmm.
