Carl Ratcliffe
Marsh UK Industries - Recycling, Utilities & Mining Industries Leader
This year’s report, uniquely, is published in two parts. Part 1 the core UK Utilities Risk Report 2026, which examines the most significant risks facing utilities companies in 2026, and now Part 2 which is a deep-dive report focused on the sector’s top risk – cyber security.
Part 2 of the report – the Cyber and Security Deep Dive – explores how energy and water companies are strengthening their defences against cyber threats, including:
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The UK Utilities Risk Report is an annual sector-focused publication produced by Marsh in partnership with Utility Week, providing practical insights into the key risks facing UK utilities and guidance for managing these risks effectively.
Utility leaders, risk managers, and decision-makers in the water, electricity, gas, and digital infrastructure sectors should read this report to inform strategic decisions and strengthen resilience.
The 2026 report is unique as it is published in two parts, with the second part focusing specifically on Cyber Security. It also reflects evolving risks amid recent geopolitical tensions and emerging global pressures.
The report is based on rigorous research including surveys and analysis completed before recent geopolitical events, offering a comprehensive view of current and emerging risks in the utilities sector.
It provides actionable guidance on risk priorities, resilience measures, investment planning, insurance market trends, and practical checklists to protect service delivery and manage evolving risks.
Previous editions can be accessed through Marsh.com where the UK Utilities Risk Reports are published and available for download.
The research for this report was completed before the recent escalation of conflict in the Middle East. While survey responses reflect conditions at the time, many top risks already align with emerging global pressures. Further geopolitical instability may amplify cost and supply chain pressures in the months ahead.
Part 1 of the report looks at the key risks facing UK utilities in 2026, including how these risks are changing, market and insurance trends, resilience measures, risk-financing options, sector-specific implications, and board-level actions.
Marsh UK Industries - Recycling, Utilities & Mining Industries Leader