Norm Cyber - 2022 Survey Results - The Aftermath - Flipbook - Page 2
Nothing
exciting
enclosed*
In 2022 we’ve seen some turbulence in the cyber
insurance market, so it is no surprise to see the
responses to the newly included cyber insurance
questions in this year’s survey reflecting this.
The majority of organisations that have a cyber
insurance policy have seen an increase in premiums
or reduced cover, with some reporting that premiums
have increased by as much as 76-100%.
With premiums increasing and cyber insurance
becoming harder to procure, organisations have
no choice but to start implementing more robust
cyber security solutions, this is also reflected in
the results of this year’s survey with over 40%
of technical leaders that have a cyber insurance
premium stating that improved cyber security
controls was an observed change that would need
to happen since the last time they renewed their
insurance cover.
Read on for more detail...
*Caffeine will be required.
