A GlobalData survey has discovered the main set off for buying cyber insurance coverage is being suggested by a dealer. In an SME insurance coverage market the place low consciousness and under-insurance proceed to widen the cyber safety hole, cyber insurance coverage is more and more being recognised by trade consultants as a serious development alternative. In the meantime, CFC Underwriting Restricted (CFC) has launched a brand new instrument to assist brokers clarify cyber danger in clear business phrases and shut the SME cyber safety hole.
In line with GlobalData’s 2025 UK SME Insurance coverage Survey, 26.7% of SMEs bought cyber insurance coverage as a result of they have been suggested by a dealer to take action. This discovering underscores the central function of broker-led distribution in driving cyber insurance coverage uptake amongst smaller companies, the place belief in intermediaries and clear clarification of protection are sometimes decisive components in buying choices.
Supply: Globaldata’s 2025 UK SME Insurance coverage Survey.
In the meantime, CFC has launched a brand new Cyber Menace Evaluation instrument designed to assist brokers talk cyber danger in clear business phrases and bridge the SME cyber safety hole. The instrument offers tailor-made insights right into a enterprise’s particular cyber exposures, translating complicated technical vulnerabilities into sensible enterprise dangers equivalent to monetary loss, operational disruption, and reputational injury. In line with GlobalData’s 2025 UK SME Insurance coverage survey, 40.4% of SMEs suppose it’s unlikely their firm will likely be a goal of a cyberattack and 9.2% haven’t even heard about it. By reframing conversations away from technical terminology and in the direction of tangible business influence, CFC goals to enhance understanding and buying confidence amongst SMEs which will beforehand have seen cyber insurance coverage as non-essential.
The rollout of the instrument highlights the worth of embedding danger intelligence into the distribution course of. By equipping brokers with business-specific cyber danger assessments on the level of sale, CFC reduces the friction that has historically discouraged SMEs from participating with cyber insurance coverage. The launch of this cyber instrument affords a transparent instance of how insurance coverage suppliers can use technology-enabled advisory capabilities to shut the SME cyber safety hole. In doing so, it enhances dealer effectiveness, improves SME consciousness of cyber exposures, and helps sustainable development in a traditionally under-penetrated line of enterprise.