As the market for cybersecurity insurance evolves and matures, insurance giant Lloyd’s of London is preparing to exclude most nation-state attacks from its coverage policies. In the wake of such changes, organizations are reassessing their cyber insurance strategies.

While the Lloyd’s announcement does not explicitly exclude all nation-state or nation-inspired cyberattacks, it does solidify some definitions around what is and is not covered.

“This guidance will now be trickling down into cyber insurance policy providers’ wordings,” explains Chris Denbigh-White, security strategist at Next DLP.