The British Insurance Brokers’ Association (BIBA) has developed a new Cyber Insurance Directory to help protect UK businesses via specialist accredited BIBA brokers.
Cyber insurance is essential for business resilience, with recent research highlighting a clear protection gap. BIBA’s Manifesto outlines Hiscox Cyber Readiness Report in 2025 that revealed that 59% of respondents had experienced a cyber-attack in the previous 12 months. BIBA’s latest buyers’ guide with CFC shows SMEs are targeted nearly 4 times more than large organisations. Yet the Department for Science, Innovation and Technology’s (DSIT) latest survey shows that only 10% of businesses and 5% of charities had a specific cyber security insurance policy1.
Launching the directory at the BIBA Conference, Graeme Trudgill, BIBA’s Chief Executive said: “Cyber threats are on the increase and this is a positive initiative that aims to help raise awareness and close the cyber insurance protection gap by ensuring SMEs can be signposted to a genuine expert.
“We hope insurance brokers will be able to help more businesses engage with them through this new service. If we can increase the uptake of cyber insurance, it may help improve economic resilience against cybercrime events, like those we have witnessed in recent times.”
The new directory, available on the BIBA website, will allow businesses to search for a broker who has been through an approval process, developed by BIBA and informed by industry perspectives and Government guidelines, to achieve the BIBA Accredited Cyber Insurance Broker status.
BIBA engaged with DSIT during the development of the criteria which requires insurance brokers to operate their own cyber security framework which generally meets or exceeds the Cyber Essentials standard, have standalone cyber insurance for their own business, and relevant staff members will have continuous cyber training and a thorough understanding of cyber risks.
Baroness Lloyd of Effra, Parliamentary Under-Secretary of State (Digital Economy), commented: “By combining the government’s Cyber Essentials scheme with BIBA’s Accredited Cyber Insurance Broker programme, we’re giving firms practical tools to understand the risks, protect their data and finances, and bounce back quickly if something goes wrong.
“This work matters – and we need to keep pushing it further – so businesses across the country have the cyber resilience they need to succeed.”
The directory will also be promoted in BIBA’s new ‘Ben the Broker’ national advertising campaign that will focus on promoting the importance of cyber insurance to businesses.
Brokers wishing to become a BIBA Accredited Cyber Insurance Broker can apply on BIBA’s website https://www.biba.org.uk/latest-news/cyber-insurance-broker-directory/
- ENDS –
Notes to editors
- Cyber security breaches survey 2025/2026 – https://www.gov.uk/government/statistics/cyber-security-breaches-survey-20252026/cyber-security-breaches-survey-20252026
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Pam Quinn, Head of Communications
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- About the British Insurance Brokers’ Association
The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers.
BIBA membership includes more than 1,700 regulated firms, employing over 130,000 people across the UK.
General insurance brokers contribute £26.1bn to the UK economy and arrange £150bn of general insurance premiums – over 5% of UK GDP.
Insurance brokers put their customers’ interests first, providing advice, access to suitable insurance protection and risk management.
BIBA receives hundreds of thousands of enquiries per year to its Find Insurance Services, online and via the telephone, which are directed to insurance broking firms.
BIBA is the voice of the sector advising members, Government, regulators, consumer bodies and other stakeholders on key insurance issues.
