Navigating Cyber Insurance in 2025: How Enable IT Empowers Your Cybersecurity Strategy
In today’s fast-evolving digital landscape, cyber insurance is no longer just a safety net, it's a strategic necessity. Recent data from Marsh highlights a 20% drop in UK cyber insurance claims in 2024 compared to 2023, yet the number of claims remains significantly higher than the pre-pandemic years. What does this mean for organisations in Perth and beyond? And how can cybersecurity managed services and expert cybersecurity consultants like Enable IT help you manage risk, comply with insurer requirements, and reduce costly claims?
Let’s unpack these trends and show how a strong managed cybersecurity services approach forms the frontline of your cybersecurity risk management.
Understanding the Cyber Insurance Landscape in 2025
Despite the promising 20% decrease in claims, cyber risks remain a serious threat. The data reveals:
Extortion (including ransomware) accounts for 28% of cyber losses.
Data breaches (both accidental and hostile) follow closely at 17%.
System infiltration incidents stand at 7%.
The infamous CrowdStrike outage in July 2024 triggered a significant spike in claims.
Ransomware claims decreased by 31% compared to 2023 but are still roughly double the totals recorded in 2020-2022.
A concerning Q1 2025 uptick in ransomware signals the ongoing threat landscape.
The takeaway? Cyber threats are persistent, complex, and evolving. Cyber insurance providers like Enable IT now require companies to have robust cybersecurity measures in place before granting coverage, pushing businesses to improve their cybersecurity management.
Why Cyber Insurance Alone Isn’t Enough
Many organisations mistakenly believe that having cyber insurance means they’re fully protected. The truth? Cyber insurance covers financial losses after an incident, but it doesn’t stop attacks or reduce vulnerabilities.
Insurers increasingly demand evidence of proactive cyber security risk management, including:
Regular risk assessments
Incident response planning
Employee training on cyber hygiene
Deployment of advanced security tools
Without these, businesses face higher premiums, coverage denials, or worse, massive financial losses.
Enable IT: Your Partner in Cybersecurity Managed Services
This is where Enable IT steps in as your trusted cybersecurity consultant and managed services provider.
1. Tailored Cybersecurity Managed Services
Enable IT offers customised solutions designed to:
Strengthen your security posture and meet insurer requirements
Continuously monitor networks for threats using advanced detection systems
Automate threat responses to reduce incident impact
Manage endpoint security, patch management, and compliance audits
2. Expert Cyber Security Risk Management
Our team identifies vulnerabilities and tailors mitigation strategies specific to your business environment. We provide ongoing support to adapt as cyber threats evolve.
3. Incident Response and Recovery
In the event of a breach, Enable IT assists with rapid containment, forensic analysis, and remediation, helping to reduce downtime and minimise damage.
4. Employee Awareness and Training
Since many attacks exploit human error, Enable IT delivers comprehensive training programmes that transform your staff into your first line of defence.
Meeting and Exceeding Insurance Requirements
Marsh reports highlight that insurers are encouraging better cybersecurity through stricter coverage conditions. With Enable IT’s managed cybersecurity services, Perth businesses can:
Demonstrate compliance with key cybersecurity controls
Show documented risk management and response plans
Lower the likelihood and financial impact of ransomware and extortion incidents
This proactive approach not only improves your security but also positions your business favourably for insurance underwriting, potentially reducing premiums and claim disputes.
The Bottom Line: Cyber Insurance and Cybersecurity Must Go Hand-in-Hand
Cyber insurance is vital, but it’s only part of the puzzle. Combining insurance with robust cybersecurity management and expert consulting from Enable IT creates a resilient defence strategy, turning your cyber risk from a looming threat into a manageable business challenge.
Ready to boost your cyber resilience and protect your business?
Contact Enable IT today for expert cybersecurity managed services tailored to your unique needs and get the peace of mind you deserve.
