CYBER INSURANCE & RISK

Cyber Insurance Awareness & Adoption Survey

Map how enterprise risk managers, IT security leads, and procurement heads evaluate, compare, and navigate cyber insurance coverage, vendor selection, and policy renewal decisions, so you can sharpen acquisition targeting, refine pricing tiers, and convert high-intent segments faster.

Pan-India sample
Enterprise risk & IT teams (CISOs / Risk Decision-Makers)
15-20 min
Talk to a Survey Consultant
Adoption barriers & conversion gapsIdentify where risk managers stall, disengage, or reject cyber insurance proposals.
Coverage drivers & pricing sensitivityBenchmark must-have coverage triggers, premium thresholds, and policy trade-offs by segment.
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CONTEXT & RELEVANCE

Why run this survey now

Most risk and finance leaders don't lose cyber insurance budget approval purely on cost. They lose it due to unclear threat exposure mapping, misaligned coverage expectations, low internal awareness, broker trust gaps, and fragmented claims experience, none of which fully show up in policy renewal data or loss ratio reports.

If you are...

  • Cyber insurer expanding SME portfolio
  • Broker competing on coverage clarity
  • Risk officer reviewing cyber exposure
  • CFO under board cyber scrutiny
  • Underwriter repricing cyber risk

You're likely facing...

  • Awareness gap: SME vs enterprise
  • Coverage confusion: scope vs exclusions
  • Low conversion: quote to bind
  • Price sensitivity vs perceived value
  • Renewal drop-off post first claim

This will help answer...

  • Adoption drivers beyond premium cost
  • Awareness to purchase drop-off stage
  • Segment preference by firm size
  • Willingness to pay by coverage tier
  • Renewal triggers and lapse reasons

RESEARCH THEMES

What This Survey Investigates

Eight interconnected research themes that map the complete cyber insurance journey from risk awareness to policy renewal.

TENETS 01

Risk Awareness

  • Perceived cyber threat severity
  • Awareness of coverage gaps
TENETS 02

Discovery & Triggers

  • Channels driving policy consideration
  • Decision-trigger events by sector
TENETS 03

Coverage Preferences

  • Priority coverage lines by firm size
  • Standalone vs. bundled policy preference
TENETS 04

Underwriting Friction

  • Application complexity and drop-off points
  • Security control documentation burden
TENETS 05

Pricing & Limits

  • Premium benchmarks by revenue band
  • Limit adequacy vs. retention trade-offs
TENETS 06

Claims & Response

  • Claims experience and settlement speed
  • Incident response panel satisfaction
TENETS 07

Insurer Trust

  • Broker vs. direct carrier credibility signals
  • Renewal loyalty and switching intent
TENETS 08

Market Positioning

  • Competitive shortlist composition
  • Broker influence on carrier selection

SAMPLING STRATEGY

Tell us about your ideal sample

Help us understand your target respondent profile. Select what applies, we'll design the optimal sample plan based on your inputs.

Sample size
How many respondents do you need?
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Target audience
Who should we survey?
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Region
Which regions should we cover?
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Segments
How should we slice the data?
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Discuss sample plan

METHODOLOGY

Survey approach

For the Cyber Insurance Awareness and Adoption Survey, we recommend a quant-first design with flexible data-collection modes to balance reach, depth, and verification across risk, finance, and procurement functions.

PRIMARY
Online web surveySelf-administered survey shared via email / panels to capture structured responses at scale.
Best for
1
Measuring awareness and adoption rates by sector.
2
Ranking barriers to cyber insurance purchase.
3
Comparing coverage gaps across firm size and industry.
Deliverables
Adoption rate index
Barrier ranking matrix
Coverage gap map
OPTIONAL
CATI (phone survey)Interviewer-led telephone interviews to reach owners who are harder to get online.
Best for
1
SME owners with low digital survey engagement.
2
Quick coverage across mid-tier and tier-2 markets.
Deliverables
SME segment coverage
Call-log diagnostics
SELECTIVE
Face-to-faceOn-ground surveys or interviews in key industrial clusters or high-value cohorts.
Best for
1
Large enterprise risk officers requiring in-depth verification.
2
Brokers and underwriters in high-value policy segments.
Deliverables
Cluster insights
Decision journey maps
OPTIONAL
FGDs
Deliverables
Themes and quotes
Messaging feedback
OPTIONAL
Mixed surveysAny 4-mode combo Online + CATI + F2F + FGDs to maximise reach and representation. Mode-specific quotas and weighting for clean comparisons.
Deliverables
Unified dataset
Mode-adjusted analytics
Our Recommendation
Start with: Online web survey as the core quant layer, supported by CATI to capture SME owners and mid-market risk managers with low digital survey participation.
Consider adding: F2F interviews for enterprise CISO and CFO cohorts where policy complexity demands verification, plus a focused FGD layer to pressure-test product messaging and coverage framing.

EXECUTION PROCESS

How we execute

A proven 9-step process from scoping to delivery, designed to ensure quality, speed, and actionable insights.

Define the decision frame

Confirm objectives, target cohorts, geographies, and reporting cuts

Step 01

Define the decision frame

Design the instrument

Build workstream modules mapped to outputs (drivers, friction, pricing, retention, trust)

Step 02

Design the instrument

Lock the questionnaire

Review wording, sequencing, LOI, and competitive context; approve final version

Step 03

Lock the questionnaire

Pilot and calibrate

Test comprehension and ease quality; refine quotas and remove friction where needed

Step 04

Pilot and calibrate

Run fieldwork

Execute collection with active quota management and feasibility controls

Step 05

Run fieldwork

Assure quality

Dedupe, attention checks, speed/consistency rules, removals with audit trail

Step 06

Assure quality

Prepare the dataset

Clean data and deliver codebook/variable definitions

Step 07

Prepare the dataset

Analyse and synthesise

Driver ranking, leakage diagnostics, pricing bands, segment insights

Step 08

Analyse and synthesise

Deliver and align

Executive deck (optional dashboard) and leadership readout with recommendations

Step 09

Deliver and align

COMMERCIAL TERMS

Request a Commercial Proposal

Pricing depends on cohort, geography, sample size, approach, LOI, and deliverables. Configure below for an indicative estimate.

Select Sample Size

100

Geography

  • India
  • APAC (Singapore, Vietnam, Philippines, Indonesia, Australia, NZ, Japan, Thailand)
  • Middle East (UAE, KSA, Qatar, Bahrain, Oman, Kuwait)
  • North America (US, Canada)
  • Europe
  • Africa (South Africa, Kenya, Nigeria, Egypt, Algeria)
  • LATAM (Brazil, Mexico)

Select Mode of Survey

  • Online
  • CATI
  • Online FGD (5 people per FGD)
  • F2F

Length of the Interview

  • Select
  • 0-15
  • 16-20
  • 21-30
  • 31-45
  • 46-60
  • Custom
Indicative Estimate
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$0.00

+ applicable taxes

Proposal turnaround typically 24–48 hours

Note: Estimate is indicative only. Final pricing is subject to scope finalization after discovery call.

REFERENCE CASELETS

Reference

Real-world examples of survey work in the cyber insurance and digital risk space.

CASELET 1

Cyber risk perception & coverage gap mapping among mid-market firms (India)

CASELET 2

Broker channel friction & insurer preference study for SME cyber policies (India)

Cyber risk perception & coverage gap mapping among mid-market firms (India)

OBJECTIVE

A specialty insurer needed to isolate how mid-market IT-enabled firms and manufacturing enterprises perceived cyber exposure, and which coverage triggers and policy renewal decisions were driving or stalling first-time cyber insurance purchase.

WHAT WE DID

Ran a structured quant survey across 320 CFOs and Risk Managers in six cities, capturing perceived threat severity, coverage awareness, premium sensitivity, and broker influence at each stage of the policy evaluation cycle.

DELIVERED

A coverage gap map by firm size and sector, a ranked barrier list segmented by decision stage, and a set of message territories tied to the specific risk events that most accelerated purchase intent.
CASELET 1

Cyber risk perception & coverage gap mapping among mid-market firms (India)

CASELET 2

Broker channel friction & insurer preference study for SME cyber policies (India)

Cyber risk perception & coverage gap mapping among mid-market firms (India)

OBJECTIVE

A specialty insurer needed to isolate how mid-market IT-enabled firms and manufacturing enterprises perceived cyber exposure, and which coverage triggers and policy renewal decisions were driving or stalling first-time cyber insurance purchase.

WHAT WE DID

Ran a structured quant survey across 320 CFOs and Risk Managers in six cities, capturing perceived threat severity, coverage awareness, premium sensitivity, and broker influence at each stage of the policy evaluation cycle.

DELIVERED

A coverage gap map by firm size and sector, a ranked barrier list segmented by decision stage, and a set of message territories tied to the specific risk events that most accelerated purchase intent.

FREQUENTLY ASKED QUESTIONS

Common Questions

Answers to frequently asked questions about this survey mandate.

What decisions will this survey enable?

Who is the buyer vs who are the respondents?

Can we see differences between SME buyers, mid-market buyers and enterprise buyers?

How will you measure coverage preference beyond simple ratings?

Will the survey map the full cyber insurance buying journey and drop-offs?

Can this survey inform product and pricing strategy?

How will findings improve our broker and direct channel conversion rates?

Still have questions?

Schedule a discovery call to discuss your specific needs and get a custom quote.

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