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The global IT outage linked to Crowdstrike could cost the cyber insurance industry as much as $1.5 billion.
CyberCube, a specialist modelling firm for cyber risks and exposures, has estimated that it could have cost between $400 million and $1.5 billion for the standalone cyber insurance market.
This represents a loss ratio impact of somewhere between 3 per and 10 per cent on global cyber premiums of $15 billion.
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