Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the adequacy of the (a) insurance and (b) reinsurance market for businesses affected by cyber-attacks.

The government recognises that cyber insurance is an important tool for businesses' economic resilience. HM Treasury works closely with industry, regulators, other government departments and relevant stakeholders to monitor insurance markets, including cyber. Cyber insurance is widely offered in the UK insurance market and the government would encourage businesses to shop around, or employ the services of a broker, to find the most appropriate cover, at the best price.