Sarah Stephens
Managing Director, International Head of Cyber & FINPRO UK Cyber Practice Leader, Marsh Specialty UK
Organisations face increased cyber challenges as COVID-19 continues to spread, with core activities often disrupted or needing adaptation.
As organisations respond to urgent and changing business needs, it is vital they continue to prioritise cybersecurity. This includes understanding the pandemic's implications for cyber insurance.
Risk professionals should work with their insurance advisers to review carefully cyber insurance policy language. They should also refresh their awareness of incident-response services available under their policies, and how to best use them should an incident occur.
With many organisations already operating in crisis mode, incident-response services are more vital than ever. Work with your cyber insurance advisor to ensure you understand:
Insurers across all lines of business are concerned about the pandemic’s impact on the risks they insure and the losses they may face.
From a cyber insurance perspective, organisations should expect underwriters to look at overall business resilience in more detail, to gauge how organisations are grappling with the expanded attack surfaces created by remote workforces and other users. Underwriters will also want to review how increased dependence on technology may affect organisations’ ability to respond to disruption in their operations and extended supply chains.
Organisations should anticipate questions from insurers on:
The global Marsh cyber practice is well-positioned to help you review your coverage in the context of your incident-response plans, or to help you to prepare the right level of information in light of new requests from insurers.
Managing Director, International Head of Cyber & FINPRO UK Cyber Practice Leader, Marsh Specialty UK
Report,Featured insight
23/04/2025