Cyber Insurance Governance: UK Think Tanks and the Legal Framing of Emerging Digital Risks

Abstract

This paper examines the impact of British think tanks, with Chatham House and RUSI as the focal points, on the formation of cyber insurance policies. The research methodology is based on qualitative content analysis of policy documents (2018-2023) and semi-structured interviews with five experts. The results show how the differences in the conceptual frameworks of these think tanks have led to the formation of two distinct approaches. Chatham House focuses on economic risks and market-based solutions such as contractual transparency and financial incentives, while RUSI focuses on national security dimensions and government intervention such as state guarantee funds and mandatory standards. The findings suggest that these differences are due to different communication networks and distinct policy priorities. The interaction of these two approaches in a complementary manner can help develop a balanced ecosystem of cyber insurance regulations.