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About Fran Gari

http://www.axaxl.com/

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AXA XL’s Cyber Claims Unveiled report shows 88% of incurred cyber losses stem from claims over $1 million, with Fran Gari, Danielle Roth, and Andrew Farr highlighting ransomware trends, detection improvements, and underwriting insights.

Large Loss Claims Account for 88% of All Its Global Cyber Losses, Says AXA XL Study, Revealing Key Trends and Insights

September 15 2025

According to an AXA XL claims analysis, 88% of all incurred losses from its cyber claims over the last decade arise from claims that surpass $1 million, suggesting that a relatively small number of large claims are responsible for the majority of cyber losses.

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