UK insurance giant plc has announced plans to launch a cybersecurity product for small businesses later this year . The firm , which is the country 's largest life insurer , is seeking to boost its corporate insurance options after increasing its presence in the home and motor vehicle markets . Insurers will see a $ 7.5bn increase in annual premiums in cyberattack insurance by the end of the year , according to analysis by PwC.
UK insurance giant Aviva has unveiled plans to launch a cybersecurity product for small businesses later this year. The firm, which is the country's largest life insurer, is seeking to boost its corporate coverage options after increasing its presence in the home and motor insurance markets. Insurers will see a $7.5bn rise in annual premiums in cyberattack insurance by the end of the decade, according to analysis by PwC.