Maersk: Market for cyber insurance is unripe

The market for cyber insurances is new and plagued by immaturity, says Maersk, which has been hit by hacker attacks in the past. Insurance broker agrees with the Danish transport company.

The incident, which saw A.P. Moeller-Maersk virtually knocked down by hackers, brought renewed focus on cyber attacks and the insurances available to protect against such events. But the market is still new and unripe, Lars Henneberg, Head of Risk Management at A.P. Moeller-Maersk, tells ITWatch.

"There has been growing focus on cyber insurances recently, and we have in the past year been in dialog with the insurance market with regard to buying this kind of insurance, as we're interested in finding relevant insurance solutions," he says.

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