Cyber insurance market could grow to $5 billion in annual premiums by 2018 and at least $7.5 billion by 2020, PwC says. Insurers create aggregate risk models that are more like one-size fits all policies that don’t fit well with enterprise customers’ needs. Ignorance, confusion creates coverage gaps as a result, says Julian Waits Jr. “Insurance is purchased in silos,” he says. Insurance providers think in terms of reducing an organizations risk of financial loss from a cyber incident.”]
Source: https://www.csoonline.com/article/3093080/confusion-over-cyber-insurance-leads-to-coverage-gaps.html