Brokers key to closing the SME cyber protection gap

A GlobalData survey has recovered the starring trigger for purchasing cyber security is being advised by a broker. In an SME security marketplace wherever debased consciousness and under-insurance proceed to widen the cyber extortion gap, cyber security is progressively being recognised by manufacture experts arsenic a large maturation opportunity. Meanwhile, CFC Underwriting Limited (CFC) has launched a caller instrumentality to assistance brokers explicate cyber hazard successful wide commercialized presumption and adjacent the SME cyber extortion gap.

According to GlobalData’s 2025 UK SME Insurance Survey, 26.7% of SMEs purchased cyber security due to the fact that they were advised by a broker to bash so. This uncovering underscores the cardinal relation of broker-led organisation successful driving cyber security uptake among smaller businesses, wherever spot successful intermediaries and wide mentation of sum are often decisive factors successful purchasing decisions.

Source: Globaldata's 2025 UK SME Insurance Survey.

Meanwhile, CFC has launched a caller Cyber Threat Review instrumentality designed to assistance brokers pass cyber hazard successful wide commercialized presumption and span the SME cyber extortion gap. The instrumentality provides tailored insights into a business’s circumstantial cyber exposures, translating analyzable method vulnerabilities into applicable concern risks specified arsenic fiscal loss, operational disruption, and reputational damage. According to GlobalData’s 2025 UK SME Insurance survey, 40.4% of SMEs deliberation it is improbable their institution volition beryllium a people of a cyberattack and 9.2% person not adjacent heard astir it. By reframing conversations distant from method terminology and towards tangible commercialized impact, CFC aims to amended knowing and purchasing assurance among SMEs that whitethorn antecedently person viewed cyber security arsenic non-essential.

The rollout of the instrumentality highlights the worth of embedding hazard quality into the organisation process. By equipping brokers with business-specific cyber hazard assessments astatine the constituent of sale, CFC reduces the friction that has traditionally discouraged SMEs from engaging with cyber insurance. The motorboat of this cyber instrumentality offers a wide illustration of however security providers tin usage technology-enabled advisory capabilities to adjacent the SME cyber extortion gap. In doing so, it enhances broker effectiveness, improves SME consciousness of cyber exposures, and supports sustainable maturation successful a historically under-penetrated enactment of business.

"Brokers cardinal to closing the SME cyber extortion gap" was primitively created and published by Life Insurance International, a GlobalData owned brand.

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