The Source for Cyber Insurance News, Insights and Data
Brit Joins Acturis To Open The SME Cyber Pipeline Not every insurance story is about a new product. Sometimes the story is about getting the right product to the right people, fast. Brit Insurance’s launch on Acturis, the SaaS platform used by more than 30,000 UK brokers, is that second kind of story. The product … Read more
The UK specialty insurance market has a scaling problem. Managing general agents writing SME and commercial business face a fundamental tension: the submission volume required to build a meaningful book is in direct conflict with the human effort required to triage each one consistently. Adding underwriters does not solve the problem. It delays it. Two … Read more
The UK government has released a landmark report on the nation’s cyber future. The study, A UK cyber growth action plan – final report, sets out a detailed growth plan and highlights urgent needs for resilience. It comes from experts at Bristol University and Imperial College London and was presented to Parliament this week. The … Read more
Cyber Claims in the UK See Second-Highest Spike on Record The UK cyber insurance market faced intense pressure in 2024. Marsh’s new cyber insurance report states that claims volumes hit the second-highest level ever. Although 2024 claims were 20% lower than 2023, they remained one-third higher than in 2020–2022. Ransomware attacks, supply chain breaches, and … Read more
A recent survey by the UK Home Office reveals that half of UK businesses have experienced cyber security breaches or attacks in the past year, underscoring the escalating digital risks they face. Phishing remains the most prevalent threat, affecting 84% of businesses, while medium and large companies report even higher rates of cyber incidents. As … Read more