Devil and the detail – Where does cyber insurance go in 2025 and beyond?

The previous two years have been relatively good for buyers of cyber insurance. Comparatively soft market conditions resulted in pricing drops and saw insurance coverage becoming available for a broader range of organisations and fewer underwriting questions being imposed.

As we head into 2025, cyber insurers, and the wider insurance market, remain generally profitable however some emerging storm clouds are beginning to arise which will create potential challenges for the cyber security community and the businesses which they support.

The changing cyber threat landscape is resulting in new exposures and forms of financial harm that are impacting cyber claims, losses, and insurer wordings. This session will explore some of these changes, and how the insurance industry and policy coverages are likely to change over the coming 12 months. The session will also provide attendees with key insights into how best they can support their businesses in managing these issues and help ensure that their company’s insurance terms will provide the critical support that will be needed during a major cyber event.

Some of the key issues which this session will cover include:

As with all forms of insurance, obtaining good outcomes will depend on the specific wording used in each insurance policy, and the potential impact of coverage restrictions and exclusion clauses. The session will conclude by addressing these points with practical insights into the key strategies that will help cyber security professionals, and their organisations, increase their confidence in insurance decision and help them avoid potential pitfalls.