The 2&20 UK Hedge Fund Cyber Insurance Survey

The “2&20 UK Hedge Fund Cyber Insurance Survey” offers in-depth insights into how hedge funds in the UK are integrating cyber insurance into their risk management strategies. As cyber threats become more sophisticated and regulatory pressures increase, the need for tailored insurance solutions is more critical than ever. This survey, conducted in collaboration with Remora, examines the adoption rates of cyber insurance, the challenges faced by hedge funds, and how these policies are impacting their overall cybersecurity posture.

The findings reveal a complex landscape where hedge funds are both benefiting from and grappling with the limitations of cyber insurance. From policy exclusions, such as ransomware and social engineering, to gaps in understanding the full scope of coverage, hedge funds are discovering that while insurance provides a financial safety net, it is no substitute for comprehensive cybersecurity measures. This survey uncovers key trends in adoption and highlights areas where hedge funds must improve to safeguard their operations effectively.

In addition to exploring adoption trends, the report provides actionable recommendations for hedge funds and insurers alike. Hedge funds must prioritise integrating insurance with advanced security protocols, while insurers are encouraged to improve transparency and expand coverage to address emerging risks. By combining the survey data with expert insights from Remora, this report serves as a vital resource for hedge funds looking to navigate the complexities of cyber insurance and strengthen their overall risk management strategies.