Thursday, November 18, 2021

TRIP 2022 Data Call Changes Cyber Insurance Information Request

Today the Treasury Department’s Federal Insurance Office (FIO) published a notice in the Federal Register (86 FR 64600-64603) concerning proposed changes to the Terrorism Risk Insurance Program’s (TRIP) 2022 Data Call. The revised data collection would include changes to the data templates used to collect information about cyber insurance.

The notice reports that:

“The cyber insurance market continues to grow and evolve, and cyber-related losses (particularly with regard to ransomware) have increased significantly over the past few years.[14] In view of recent market developments and the important role of cyber insurance in the Program, Treasury would like to obtain more detailed information relating to the availability and affordability of such coverage in the market.”

The changes in the cyber question include:

Premium and limits information for cyber coverages written in non-TRIP-eligible lines of insurance,

Premium and policy count information broken out by size of policyholder,

Specific information on the cyber extortion [ransomware] coverages provided under cyber insurance policies, and

Loss information regarding these ransomware exposures.

The FOI is requesting public comments about the proposed changes in the 2022 data call. Comments may be submitted via the Federal eRulemaking Portal (; docket # OMB Control Number 1505-0257. Comments should be submitted by January 18th, 2022.

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