Parametrix Insurance Company assesses the damages from the global IT system meltdown caused by CrowdStrike, specifically targeting large Fortune 500 companies, excluding Microsoft. The estimated value of the damages is around $5.4 trillion or nearly 200 billion baht.
Large companies impacted by CrowdStrike span across various industries such as airlines, banks, hospitals, among others. Parametrix identifies hospitals as the hardest-hit industry with $1.938 trillion, followed by banks at $1.149 trillion, while major airlines giants in the Fortune 500 group are estimated to have suffered losses of approximately $860 million.
The value of insurance claims (typically ranging from 10-20% of the total damage value as not all companies are insured) is projected to be around $540-1,008 million.
Source: Guardian, Reinsurance News
TLDR: Parametrix assesses damages from CrowdStrike IT system meltdown affecting Fortune 500 companies, excluding Microsoft. Hospitals are hardest-hit with $1.938 trillion in damages. Insurance claims estimated at $540-1,008 million.
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