Consumers willing to pay more for automatic travel insurance as cyber threats disrupt airports

Group 1: Consumer Insights - Nearly half (45.7%) of UK consumers are willing to pay more for a travel insurance policy that pays out automatically [2] - Among those willing to pay more, 24.7% would accept an increase of up to 5%, and 14.1% would pay up to 10% more [2] - In contrast, 37.5% of consumers are not willing to pay extra, while 16.8% are unsure [2] Group 2: Cyber Attack Impact - Major airports, including Heathrow, Dublin, and Brussels, are experiencing significant disruptions due to a recent cyber attack, resulting in flight cancellations and delays [4] - The attack has forced staff to rely on handwritten tags and manual redeployments, highlighting vulnerabilities in airport operations [4] Group 3: Insurance Market Trends - The cyber attack emphasizes the growing need for parametric travel insurance, which offers automatic payouts for predefined events like delays or cancellations [4] - GlobalData's 2025 UK Commercial Insurance Broker Survey indicates that 53.6% of brokers see cyber insurance as a product with the greatest growth potential, driven by rising demand from businesses [5] - Insurers are encouraged to promote parametric travel insurance and position cyber insurance as both financial protection and a preventative tool for businesses [6]