VendorsAXA XL
AXA XL
Cybersecurity reports and statistics published by AXA XL
8 categories1 reports
Research Reports
Reports and publications from AXA XL
Recent Statistics & Reports
In 17.0% of cases since 2019, breaches were first reported by external parties.
9/9/2025•
Cyber insuranceCyber claimsData breach
Between 2019 and 2023, other sectors experienced large losses primarily from ransomware (53.1%), followed by data breaches (25.0%) and other causes (21.9%).
9/9/2025•
Cyber insuranceCyber claimsRansomware
Between 2019 and 2023, healthcare experienced large losses primarily from ransomware (57.1%), followed by data breaches (28.6%) and other causes (14.3%).
9/9/2025•
Cyber insuranceCyber claimsRansomware
Companies with revenues between $250M and $500M had an average relative frequency of large claims on primary policies of 1.19.
9/9/2025•
Cyber insuranceCyber claims
In 6.4% of cases since 2019, the attackers themselves disclosed the breach.
9/9/2025•
Cyber insuranceCyber claimsData breach
Companies with revenues between $500M and $750M had an average relative frequency of large claims on primary policies of 1.40.
9/9/2025•
Cyber insuranceCyber claims
For data breach cases where the attackers themselves disclosed the breach, it took an average of 17 days to notice the attacker since 2019.
9/9/2025•
Cyber insuranceCyber claimsBreach discovery
Companies with revenues between $750M and $2B had an average relative frequency of large claims on primary policies of 1.80.
9/9/2025•
Cyber insuranceCyber claims
Businesses typically required around two full months to restore operations following a ransomware attack.
9/9/2025•
Cyber insuranceCyber claimsRansomware
Companies with revenues above $2B had an average relative frequency of large claims on primary policies of 1.86.
9/9/2025•
Cyber insuranceCyber claims
The average duration business operations were affected by ransomware in financial services was 33 days.
9/9/2025•
Cyber insuranceCyber claimsRansomware
Business interruption coverage was triggered in 17.5% of all claims, occurring more frequently in excess claims(23.3%) than in primary claims (15.1%).
9/9/2025•
Cyber insuranceCyber claimsBusiness disruption
Privacy and cyber security coverage was triggered in 13.2% of all claims, with a higher prevalence in excess claims(22.2%) compared to primary claims (9.4%).
9/9/2025•
Cyber insuranceCyber claimsPrivacy
Data recovery was triggered as the main driver of loss in 1.3% of claims, triggered with some loss impact in 17.5%, triggered with no loss impact known in 5.0%, and not triggered in 76.2%.
9/9/2025•
Cyber insuranceCyber claimsPrivacy
In 42.9% of cases prior to 2019, breaches were first flagged by outside parties such as security firms, regulators, or customers.
9/9/2025•
Cyber insuranceCyber claimsData breach
Average initial ransom demand (based on all cases with ransom demand) in 2021: $17.39 million.
9/9/2025•
Cyber insuranceCyber claimsRansomware
In 66.0% of data breach cases since 2019, the company’s own IT team or outsourced service providers discovered the attack.
9/9/2025•
Cyber insuranceCyber claimsData breach
In 2023, victims paid on average 39.1% of the initial ransom demand.
9/9/2025•
Cyber insuranceCyber claimsRansomware
In 49.2% of large ransomware claims, attackers gained access by exploiting system vulnerabilities.
9/9/2025•
Cyber insuranceCyber claimsRansomware
In 16% of large ransomware claims, attackers leveraged compromised or weak credentials to gain entry.
9/9/2025•
Cyber insuranceCyber claimsRansomware
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