Analysis

Briefing: Provision of cyber insurance can help industry position itself as a ‘problem solver’

By 2022-11-02T10:53:00

problem solving, cyber attack

However, for the cyber insurance market to become truly sustainable, an influx of capacity is sorely needed

According to the Bank of England’s Systemic risk survey for 2022’s H2, published in October 2022, cyber attacks remain the most cited risk to the UK financial system across the 65 respondents that participated in the biannual survey.

This shows that UK companies are increasingly nervous about the threat of cyber attacks, meaning that the sustainability and development of the cyber insurance market is vital if organisational demands are to be met.

Read more…

Explore more news analysis here.

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

Register now

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Top level access to our Five Star service ratings across our annual Personal Lines, Commercial Lines, eTrading and MGA reports.
  • A choice of daily and weekly email newsletters that suit you, to keep informed of news across the industry directly to your inbox.

Register now to continue reading more for free

As a subscriber you will benefit from unlimited access to our news and news analysis, magazine editions, special supplements, exclusive research reports and full access to the Five Star service rating microsites - view subscription options.