Changes in SME cyber insurance premium pricing at renewal in the UK 2022

Published by Statista Research Department, Nov 1, 2024
More than half of the small and medium-sized enterprises (SMEs) in the United Kingdom saw a price increase in their cyber insurance premiums in 2022. Among this group, only 13.7 percent of policyholders stated that their insurance coverage increased with the price. In comparison, cyber insurance premiums remained the same for 36.3 percent of SMEs in 2022.

Share of SMEs who saw price changes in cyber insurance premiums at renewal in the United Kingdom in 2022

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Release date

October 2022

Region

United Kingdom

Survey time period

2022

Supplementary notes

During the survey, the question was phrased as follows: "did the price of your cyber insurance premiums change at your last renewal?"

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