A new report from Gallagher Re found that cyber insurers could reduce loss ratios up to 16% by removing most-at-risk entities.
Using independent analysis of cybersecurity performance data provided by Bitsight in combination with claims data, the study uses a broad range of statistics to identify those most at risk for a cyberattack, and draws some surprising conclusions.
“This study provides clear, actionable insights for both insurance companies and enterprises on the efficacy of security controls,” Ed Pocock, global head of cybersecurity at Gallagher Re. “Leveraging Bitsight’s data, we’ve not only established a direct link