Policy paper

Cyber insurance market: joint government and industry statement

Statement by government and the insurance industry on helping UK businesses manage cyber risk.

From:
Cabinet Office, Department for Business, Innovation & Skills, UK Trade & Investment, and Government Communications Headquarters
Published
5 November 2014
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

Joint government and industry statement on the cyber insurance market

PDF, 141 KB, 2 pages

Details

Leading UK insurers and Cabinet Office, UK Trade & Investment, Department for Business, Innovation & Skills, and GCHQ agreed this joint statement at a November 2014 summit to:

  • highlight the risk to UK business posed by cyber attack
  • recognise the role insurers can play in driving improvements in cyber security risk management
  • commit industry and government to closer working to develop the UK’s cyber insurance market for this purpose
  • support the growth of a cyber insurance market in the UK
  • announce the establishment of working groups to focus on key issues and report emerging conclusions back to the Cabinet Office in April 2015
Published 5 November 2014

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