The Insider Issue 7 | Page 24

NEWS INFOGRAPHIC CYBER ATTACK $200m+ Estimated sum insured for an individual ticketing agency. $100m+ estimated sum insured for a global broadcaster. TERRORISM $1.0bn+ Estimated physical damage sum insured. CANCELLATION 24 $1.5bn+ FOLLOWING ON FROM THIS YEAR’S WORLD CUP, WE TAKE A LOOK AT THE NUMBERS BEHIND THE TOURNAMENT AND SEE HOW MUCH THE ESTIMATED INSURANCE COSTS WERE. Estimated event cancellation cover, including tv rights and sponsorship. $100m+ overall coverage estimate for hotel booking event cancellation. THIS FIRST APPEARED IN THE JULY EDITION OF THE INSURANCE POST. CONSTRUCTION HOSPITALITY $500m+ Estimated sum insured for event cancellation. $2.0bn+ In material damage estimated sum insured. Up to $500m+ delay in completion estimated sum insured. SOURCE OF FIGURES: BEAZLEY Issue 7 • September 2018 • The Insider 25