Cyber insurers to ‘reset’ business interruption coverage after CrowdStrike outage: Tizzio

Axis Capital chief executive says the incident provides an opportunity for cyber underwriters to reconsider coverage in areas such as contingent business interruption and non-malicious events

The CrowdStrike global IT outage will lead to a “reset” of the cyber insurance market’s approach to business interruption coverage, Axis Capital chief executive, Vince Tizzio, has predicted.