Insurance is providing significant financial protection against cyber incidents, covering more than 95% of average data breach losses and 90% of average first-party losses, according to a study from Willis. The study analysed 5,500 cyber claims across 95 countries between 2013 and 2026, representing the equivalent of around £740m in insurer payouts.

Artificial intelligence, regulatory pressure and climate-related losses are emerging as the defining challenges for insurers in 2026, according to the latest Risk Radar report from Global Insurance Law Connect.

The UK’s Cyber Essentials scheme is entering a new phase as fresh updates take effect. The Danzell update strengthens the focus on consistency, evidence and real-world implementation, reflecting a shift away from self-declared compliance towards demonstrable resilience.

The IUA and Airmic are calling for a new approach to insurance and market engagement as organisations face widening protection gaps linked to emerging and complex risks. The associations argue that some risks cannot be fully insured because they are too uncertain to price, losses may be too large for commercial markets to absorb, or there is insufficient data to support product development.

Shoib Khan, director of insurance supervision at the Prudential Regulation Authority, used his address at today’s Airmic Conference to provide clarity on the forthcoming UK captive insurance regime, signalling a move from policy development towards practical delivery.

Insurance rates for renewable energy projects are expected to continue falling throughout 2026, as strong market capacity and competition among insurers persist, according to data from Willis.