Silent Cyber: Overview and Guidance on Maximising Cyber Coverage

"Silent cyber" refers to the exposure to cyber losses within traditional — that is, property, casualty, and other non-cyber — insurance policies that has not been explicitly affirmed or excluded.

The exposure is "silent."

Insurers and regulators are concerned that this exposure, which has been neither underwritten for nor priced, can create unmeasured portfolio exposure, and could lead to aggregate systemic risk.

Insurers are responding by adopting various exclusions, limitations, and changes to non-cyber insurance policies.

But for many organisations, these changes can lead to coverage uncertainty and confusion, and create coverage gaps that impact or limit coverage of cyber perils.

Have you reviewed your policies and assessed the potential impact of such changes?

Marsh JLT Specialty can help. We are designing tailored solutions to help our clients maximise coverage, reduce and close coverage gaps, and maximise potential recoveries.

• Our Frequently Asked Questions, updated in September 2020, explains new risk issues and recent market developments around the topic of silent cyber.

And of course, in all of these, we share our recommendations for the review, assessment, and response to any potential coverage gaps or issues that may arise from silent cyber policy changes.

Reach out to Marsh JLT Specialty to help you review, and if necessary, adapt your current policies to ensure you have adequate protection.

To find out more about silent cyber, download our FAQ document.