When everyone and everything becomes interconnected, new types of risks emerge, and old ones are swept out of focus. “Cyber risk” is the next big thing that keeps business leaders up at night. What can companies do to combat these risks, and how can insurers help them? Based on two surveys of 800 insurers and 1,000 other companies, our latest insurance study shows that, to successfully navigate the risks of the digitally interconnected environment, insurers and their clients need to prepare their organizations well, build the right solutions and collaborate extensively.

Study highlights

60 percent expect the relative risks of digital interconnectedness to increase over the next ten years

Almost 48 percent of companies believe the risks posed by digital interconnectedness are higher than other risks than threaten them

Almost 32 percent have been affected by a digital in interconnectedness incident that caused economic damage in the past three years

About the authors

Christian Bieck
Global Insurance Leader
IBM Institute for Business Value

Dr. Maya Bundt

Dr. Maya Bundt
Head of Cyber and Digital Strategy
Swiss Re Reinsurance

Patricia Hamilton

Patricia Hamilton
Vice President/Partner
IBM Insurance Practice

Dr. Kurt Karl

Dr. Kurt Karl
Managing Director and Head
Swiss Re Economic Research and Consulting

Michael Schmitt

Michael Schmitt
Senior Underwriter, Cyber & Technology
Swiss Re Corporate Solutions

Pawel A. Stefanski

Pawel A. Stefanski
Financial Services Lead,
Middle East IBM

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