Core Insights - The primary driver for SMEs purchasing cyber insurance is broker advice, highlighting the importance of broker-led distribution in increasing cyber insurance uptake among smaller businesses [2][3][4] - CFC Underwriting Limited has introduced a Cyber Threat Review tool aimed at helping brokers communicate cyber risks in understandable commercial terms, thereby addressing the SME cyber protection gap [3][4] Group 1: Cyber Insurance Market Dynamics - A GlobalData survey indicates that 26.7% of SMEs acquired cyber insurance due to broker recommendations, emphasizing the trust and clarity brokers provide in the purchasing process [2] - The survey also reveals that 40.4% of SMEs believe it is unlikely they will be targeted by a cyberattack, and 9.2% are unaware of cyber risks altogether, indicating a significant knowledge gap [3] Group 2: CFC's Cyber Threat Review Tool - The Cyber Threat Review tool offers tailored insights into specific cyber exposures, translating complex vulnerabilities into practical business risks such as financial loss and reputational damage [3][4] - By integrating risk intelligence into the distribution process, CFC aims to enhance broker effectiveness and improve SME awareness of cyber risks, ultimately supporting growth in this under-penetrated market [4]