Why cyber insurance buyers now expect more than a financial backstop

To stay ahead, Burke’s team works closely with claims professionals to stress-test coverage language against real-world incidents. Historically, many of these losses were addressed under commercial crime policies, which remains appropriate for exposures such as social engineering. Increasingly, however, Burke sees advantages in leveraging cyber policies that include rapid-response incident teams. “If you can turn to your cyber carrier within a short window, they can often mitigate the situation very quickly,” he said. That speed and coordination can materially change outcomes.