Pen Underwriting Doubles Cyber Insurance Limits for SMEs

Pen Underwriting has announced an increase in its cyber insurance coverage limit for small and medium-sized enterprises (SMEs) from £5 million to £10 million, effective July 1, 2026. This change is aimed at companies with revenues up to £600 million and is part of a broader enhancement of its UK cyber insurance offerings. The decision reflects evolving market conditions and the need to address the complexities of different customer sizes. Pen Underwriting emphasizes its commitment to adapting its products to ensure positive outcomes for customers in the face of increasing cyber threats. The enhancements come as the cyber insurance market continues to evolve in response to rising cyber risks and incidents affecting SMEs.

Key Points: • Pen Underwriting increases SME cyber insurance limit to £10 million effective July 1, 2026. • The change targets companies with revenues up to £600 million. • This adjustment reflects evolving market conditions and customer complexities.