Middle East tensions set to increase demand for cyber insurance – GlobalData

Cyber incidents connected to state and non-state actors, sanctions, supply chain vulnerabilities, and operational technology are being considered alongside traditional war, marine, and political risk exposures. Charlie Hutcherson, insurance analyst at GlobalData, said: “Geopolitical flashpoints are increasingly being priced not just through marine war-risk and political risk lines, but through expectations of cyber escalation. GlobalData’s poll shows cyber insurance is viewed as the commercial product most likely to see rising demand, as businesses anticipate a higher probability of disruptive cyber events alongside physical disruption to trade routes.”