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Top News about Cyber Insurance
Pen Underwriting has doubled its UK SME cyber cover limit to £10 million. The new ceiling applies to companies with revenues up to £600 million. It takes effect for risks incepting on or after 1 July 2026. The MGA also confirmed it will handle all UK cyber claims in-house. The London-based MGA cited rising broker … Read more
You lose money to a scam. You assume something will cover it. A bank. A card. A cyber policy. Often, the money is just gone. That gap is wide and expensive. Scams drained more than $450 billion from people worldwide last year, according to Bitdefender’s new Global Scam Intelligence Report 2026. Many of those losses … Read more
Insurers price the risks they can see. Cryptography is the risk they cannot. Post-quantum cryptography is about to make that blind spot expensive. Most cyber policies rest on a quiet assumption. They assume the encryption protecting a client’s data will hold. That assumption is weakening. Quantum computing threatens the math behind today’s encryption. The threat … Read more
Cyber risk now leads the worry list across the insurance market. The cyber insurance gap still holds. Munich Re and the Insurance Information Institute confirmed both points today. They released RiskScan 2026, a cross-market study of US and UK risk views. The study polled more than 1,700 people. It spanned consumers, business owners, brokers, and … Read more
Cyber risk once lived in a traffic-light chart. Red, amber, and green told the board very little. That era is closing. A new FAIR Institute report shows companies now putting hard numbers on cyber risk. Many express it in dollars and euros. For underwriters and brokers, cyber risk quantification (CRQ) is becoming the shared language … Read more