Survey Suggests Cyber Insurance Pricing For SMBs Remains Elastic -- 29% of UK SMBs Cancelled Cyber Insurance Policies In 2021 Due To Cost

“’Even if UK SMBs do become more concerned about their business being targeted by cybercriminals, they are unlikely to be willing to pay even higher premiums to protect themselves,’ said Ben Carey-Evans, senior insurance analyst at GlobalData. Even if SMBs are becoming more concerned about cyber attacks, they’re unlikely to be willing to pay even higher premiums to protect themselves.”

Source: 29% of UK SMBs cancelled cyber insurance policies in 2021 | IT PRO

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.