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Cyber Insurance Emerges As Next Big Product For UK


UK brokers believe that cyber insurance is the new or emerging commercial insurance product with the most growth potential. Significantly low cyber insurance penetration rates among smaller firms make small and medium-sized enterprises (SMEs) a largely untapped market for growth, according to a survey conducted by GlobalData, a leading data and analytics company.


GlobalData’s 2025 UK Commercial Insurance Broker Survey* reveals that over half of brokers (53.6%) believe cyber insurance has the potential to record the strongest growth among new or emerging commercial insurance products. Cyber insurance significantly surpasses the potential of other emerging products, with renewable energy insurance—the second-most popular product—attaining 8.8% of responses.


Cyber insurance PR chart.png


Beatriz Benito, Lead Insurance Analyst, GlobalData, comments: “Both insurers and reinsurers are diversifying their strategies to tap into emerging risks, which will support growth in the cyber insurance market. A greater appetite around this line of business will help soften market conditions, as an increase in capacity can help insurers combat soaring premiums.”


Findings from GlobalData’s 2025 UK SME Insurance Survey** reveal that 60.8% of SMEs do not hold cyber insurance. The most common reason for not holding such cover is because businesses believe it is unlikely that they will be a target of a cyberattack, as cited by 40.5% of SMEs.


Benito continues:

“Despite the growing awareness of cyber risks among businesses, the adoption of cyber insurance is far from universal, with underinsurance remaining a key challenge to the industry. The protection gap is more pronounced among smaller businesses despite SMEs being more vulnerable of an attack. Insurers will need to tackle the protection gap through several fronts to grow the cyber insurance market.”

Benito concludes: “Focusing on conveying the impact that a cyberattack can have on a business—not only in terms of operations but also reputation—can be beneficial. Equally, there could be greater transparency on policy wording, making it clearer what the perils and exclusions are to avoid this being a barrier to buyers. Lastly, SMEs remain a largely untapped market and are often more vulnerable to attacks but have fewer resources to respond effectively. This makes them strong candidates for tailored cover, developing products that address their specific needs.”


*GlobalData’s 2025 UK Commercial Insurance Broker Survey was carried out via a telephone panel and reached 250 brokers.


**GlobalData’s 2025 UK SME Insurance Survey was carried out via an online panel, with 1,508 businesses surveyed.

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  • lindaandrews071
  • Feb 14
  • 2 min read

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Lidl has announced a market-leading pay increase for 28,000 hourly-paid colleagues, with new rates coming into effect in March 2025.


Entry-level pay will rise to £12.75 nationally, up from £12.40 and increasing to £13.65 with length of service. Meanwhile, in London, new starters will see pay rates go up to £14.00, increasing to £14.35 over time.


These new hourly rates come in ahead of the government’s updated National Living Wage (NLW) in April, exceeding it by over 50p. They will also be higher than the Living Wage Foundation’s new Real Living Wage, which is being implemented in April.


The discounter’s latest investment into pay totals almost £15 million, including increases for salaried colleagues across the business. In the last 12 months alone, Lidl GB’s investment in pay totals over £54 million.


Stephanie Rogers, Chief People Officer at Lidl GB, commented:

“More households than ever before are choosing to shop with us, making Lidl the fastest growing bricks-and-mortar supermarket for well over a year. This success is largely due to our hard-working colleagues, who each play an incredibly important role in delivering quality, affordable products to communities across the country. This pay increase is just one part of our commitment to creating a workplace where everyone feels valued."

“We’re proud to offer leading pay rates in the sector, while fostering a culture of opportunity and inclusion that helps our teams thrive. As we continue to grow, investing in our people remains at the heart of what we do, ensuring Lidl is not only a great place to shop but also a great place to work and grow a career.”


This update comes as Lidl GB is named one of the top employers in the country by the Top Employers Institute for the fourth consecutive year. Globally, Lidl was also awarded the "X-Large Enterprise" for the first time and secured "Top Employer Europe" for the eighth time.


Those interested in joining Lidl can explore opportunities on its careers website. Alongside competitive pay, colleagues enjoy a wide range of market-leading benefits.

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