Prizm Solutions Becomes One of the UK's First BIBA Accredited Cyber Insurance Brokers

Prizm Solutions Ltd, based in Tamworth, has been awarded the Accredited Cyber Insurance Broker (ACIB) status by the British Insurance Brokers' Association (BIBA). This recognition places Prizm among only two brokers in the Midlands and 17 nationwide to receive this accreditation. The new Cyber Insurance Broker Directory, launched at the BIBA Conference in Manchester, aims to assist UK businesses in accessing specialized cyber insurance advice. Managing Director Peter Robinson emphasized the importance of cyber insurance for SMEs, noting that many underestimate their risk of cyber-attacks. The firm is committed to enhancing cyber resilience for businesses of all sizes. The directory is expected to grow as more brokers engage with the accreditation process, which is evidence-based and requires firms to demonstrate necessary skills.

Key Points: • Prizm Solutions is one of only 17 firms in the UK to receive BIBA's cyber insurance accreditation. • The BIBA Cyber Insurance Broker Directory aims to help businesses access specialized insurance advice. • Many SMEs underestimate their risk of cyber-attacks, highlighting the need for tailored cyber insurance solutions.