Insurance Business TV World

Cyber Risk & Client Protection

The video, presented at the Beaver Conference 2026, outlines how UK business leaders now view cyber risk as their primary threat and introduces Beazley’s new “deadly weapon protection” offering. A Beazley‑commissioned survey of 3,500 executives shows cyber risk rankings jump from 27 % to 39 % over the past year, while 81 % claim confidence in handling an incident. The discussion highlights AI’s double‑edged role—enhancing defenses but also empowering attackers—and notes that emerging threats such as terrorist‑style attacks with “deadly weapons” are now codified under Martin’s Law. Speakers stress that “attackers only need to win once, defenders must win every time,” and warn that boardrooms risk reputational damage if they ignore these hazards. The new product bundles compliance services, risk assessments and indemnity to help firms meet legal requirements and mitigate impact. The takeaway for insurers and brokers is clear: cyber resilience must be an ongoing program, and a sizable uninsured cyber market remains. Educating clients, avoiding overconfidence, and expanding coverage to novel threats like deadly weapons will be critical to protecting UK enterprises.