Survey on the state of UK cyber insurance market

The government has commissioned Grant Thornton to undertake a research project to better inform our understanding of the cyber insurance market.

The research will focus on a survey of small and medium sized businesses from across the UK economy. The survey will run until Friday 7 February. We are inviting leaders of SMEs from organisations across the economy to complete the survey, whether you have cyber insurance or not.

Stakeholders from small and medium sized enterprises (SMEs) which are companies that employ between 10 and 249 employees. Participants will be asked questions regarding:

• Their understanding and awareness of cyber insurance;
• Their own experience of the process of procuring cyber insurance, the types and costs of cyber insurance that they have procured;
• Their views on the benefits and limitations of cyber insurance for SMEs.

The government and Grant Thornton can give the following reassurances about the research:

• Taking part is totally confidential and voluntary for all individuals and organisations.
• The questionnaire is not technical, and participants do not need any specific IT knowledge.

Who can take part?

People responsible for making decisions about the procurement of cyber insurance for their company across the UK can participate in this survey. The Department for Science, Innovation and Technology (DSIT) and Grant Thornton have an interest in engaging people who represent small and medium sized enterprises (SMEs), which are companies that employ between 10 and 249 employees

Timelines

Respondents will be able to provide responses to the survey from mid-January until early February 2025. A report on the findings will be published on gov.uk. Organisations who have taken part in the pilot project will not be identifiable in the report.