Should Governments Act as Cybersecurity Insurers Now?
🔐At a Royal United Services Institute event reviewing the Cyber Monitoring Center’s first year, Ciaran Martin questioned whether the UK’s £1.5 billion loan guarantee to Jaguar Land Rover set an unfortunate precedent. He urged a clearer framework — whether compulsory insurance, tax incentives, or defined triggers for state intervention — instead of ad hoc bailouts. Tracey Paul of Pool Re warned of a growing cyber insurance protection gap and argued structured public‑private partnerships are needed to bridge it. Analysts cautioned that blanket government backstops risk creating moral hazard and reducing investment in cyber resilience.
