It is anticipated that cyber insurance will be an area of growth in Ireland. Regulatory compliance is driving demand (notably NIS2 and the Digital Operational Resilience Act), along with increased media coverage of major breaches. It is expected that more modular policies will be available, allowing businesses to select options such as cover for regulatory fines, third-party liability, and IT provider coverage. The modularity will help businesses align coverage with their risk profiles and compliance obligations. Further it is expected that cyber policies will increasingly address AI-specific risks. Demand for risk mitigation services is also likely to increase to try and prevent incidents. This will include vulnerability scanning of IT infrastructure, employee training, and dark web monitoring. Similarly, predict-and-prevent services will increase with options to include supply chain scanning, employee credential monitoring, and breach simulations.




