Despite increasing news coverage of cyber-attacks and indications of interest, Aon’s 2014 Captive Benchmarking Study confirms that only 1% of captive owners are funding cyber risk through their captives. This is a surprising result which has prompted Aon to further investigate the possible reasons why, especially since prior Aon research suggests much higher interest levels.
Through analysis of our benchmarking data, Aon examined the importance of cyber liability cover and the approaches different captive owners are taking to this growing risk.
In this paper we look at the potential for captives to aid in the quantification of cyber risk and to protect an organisation against this emerging threat. We also explore potential use of innovative solutions through utilisation of the captive.