Microsoft/CrowdStrike outages reaffirm demand for cyber cat protection
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Microsoft/CrowdStrike outages reaffirm demand for cyber cat protection

Sources said that for reinsurers to meet this demand, they will need to get comfortable analysing and evaluating systemic and aggregate risk.

By Abbie Day
September 10, 2024
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Photo: Alamy

Although the insured loss inflicted by the Microsoft/CrowdStrike outages is so far thought to be manageable for the cyber market, the nature of the loss is likely to push the market to look for more cat protection from reinsurers...

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