Love this space, especially the mid market segment for who cyber can kill
The last few years have seen a dramatic rise in the number and severity of cyber-attacks and data security breaches. And these are just the ones that are reported. Statistics show that more than a third of companies in the UK had suffered some kind of attack from third parties in that time. The insurance market is awash with products offered by leading insurers, but these have, until recently, been out of reach for a lot of potential purchasers. This has principally been down to the cost but also the underwriting process. Insurers have been effective in providing solutions to very large companies, whilst neglecting the needs of the majority of others. Thankfully, there are now several insurers that offer competitive and useful coverage, with a simple application process.