Limited use of cyber insurance for public financial entities as new policy comes into force

cyber attack

’It’s quite costly for them,’ says associate

There has been limited use of cyber insurance for sovereign wealth funds and international public finance entities due to the higher risks they are exposed to, according to S&P Global Ratings associate Michelle Keferstein.

Keferstein made the statement after being asked about the impact of Lloyd’s of London’s cyber policy exclusion for state-backed attacks during a cyber risk webinar last week (30 March 2023).

Explore more cyber content here or discover more news articles here

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

Register now

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Top level access to our Five Star service ratings across our annual Personal Lines, Commercial Lines, eTrading and MGA reports.
  • A choice of daily and weekly email newsletters that suit you, to keep informed of news across the industry directly to your inbox.

As a subscriber you will benefit from unlimited access to our news and news analysis, magazine editions, special supplements, exclusive research reports and full access to the Five Star service rating microsites - view subscription options.