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Report

UK cyber insurance trends 2021

The UK Cyber Insurance Trends 2021 report explores emerged insurance buying and claims trends from UK client data collected in 2021 and takes a look at what we expect in 2022 and beyond.

The cyber risk landscape remains complex. As existing risks evolve and new ones emerge, trends in cyber insurance have shifted in the past year.

Download Marsh Specialty’s UK Cyber Insurance 2021 Trends report to learn more about:

  • The sectors experiencing changes in their cyber insurance purchasing patterns.
  • The types of cyber claims notification seen in the UK, and their frequency.
  • How cyber insurance pricing is changing.
  • Four cyber insurance trends predicted to affect the market in 2022.

The report is based on aggregated data from Marsh UK clients who buy insurance through the London market.

Claims notifications continued to rise in 2021

Last year, claims frequency plateaued, a sign of potential flattening of market conditions. However, we expect to see Q3 and Q4 2021 claims increase in the coming months, due to a three- to six-month lag in claims reporting, which also took place in the previous year.*

 

*Note: Information for 2021 is based on data collected until the end of the year; the number of claims registered in the third and fourth quarter of 2021 is expected to increase due to a lag in notification, as well as collection and qualification of data.