Light Upon CYber insurance / © Amrae - 11 - ... thanks to a sharp drop in the number of claims While premium volume for large companies increased steadily between 2019 and 2022, claims experience more erratic movements, with an all-time peak in 2020 and a very sharp decline in 2022. The peak in 2020 is partly linked to an increase in frequency, with 86 claims indemnified in 2020, compared to 73 the previous year. But it is mainly due to the intensity of these claims: four of them totaled €131 million in compensation (an average of nearly €33 million per claim). In addition to these four XXL claims, 6 XL claims were compensated for a total of €49.40 million (or €8.20 million per claim). We can therefore say that the year 2022 was rather quiet with only one XXL claim (€15M) and four claims totaling €9.40M in compensation (for an average of €2.30M each). Is it just luck? Or have the investments made by companies in prevention and protection paid off? Probably a bit of both. Indeed, the French National Agency for Information Systems Security (Anssi) believes that the cyber threat has not changed in 2022: “Despite the war in Ukraine, the trends identified in 2021 have been confirmed in 2022 with the threat maintained at a high level.” But companies are probably a little better prepared to deal with them, as Mylène Jarossay, CISO of LVMH Group and president of Cesin (Club des experts de la sécurité de l’information et du numérique) explains in page 17.
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