Insurers Paid Nearly £200 Million in Cyber Claims for UK Businesses in 2024

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Insurance Journal - Nov 14, 2025

Insurers paid £197 million (US$259.2 million) in cyber claims in 2024 for UK businesses – a 230% increase, or £138 million (US$181.6 million) more than in 2023, according to the Association of British Insurers (ABI). Malware and ransomware alone accounted …...

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