Cyber insurance has undergone a dramatic transformation in recent years, evolving from an optional safeguard into a critical component of modern business compliance. Yet despite this shift, many UK SMEs remain dangerously unprepared for the level of cybersecurity maturity insurers now require. In this in‑depth video, we unpack how cyber insurance has become a new form of compliance, what this means for business leaders and why failing to meet new underwriting standards can result in devastating financial consequences.

As highlighted by the Espria Head of Compliance, Ritchie Puckey, the biggest misconception is that cyber insurance is simply a matter of filling out a form. Too many organisations still assume policies function as automatic protection, without understanding that insurers now demand demonstrable evidence of robust, maintained a ...