Insurance Business UK
Examining the role of brokers in evolving cyber insurance products
The UK Government recently released its Cyber Security Breaches Survey for 2020, the findings of which highlighted that the majority of UK businesses are still not insured against cyber risks. Among the key insights gained from this report is that the rate of uptake of cyber insurance policies for SME-level companies is not only critically low at 14% but also that this has improved relatively little since last year’s report.