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Report

UK Utilities Risk Report 2026

including a cyber and security deep dive

Marsh is delighted to present the UK Utilities Risk Report 2026 (parts 1 and 2), produced in partnership with Utility Week.

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:

  • Cyber risk remains the top concern for utilities, driven by higher attack volumes and geopolitical tensions
  • Cybersecurity is now an operational issue, with stronger training, accountability and regulatory scrutiny
  • Supply chain vulnerability is growing, making third-party contracts and liability terms critical
  • Resilience is becoming the priority, with utilities focusing on rapid containment and recovery
  • Legacy AI risks are increasing, exposing critical infrastructure to new threats

Work with Marsh to manage your risks

Connect with us today to speak with a UK utilities cyber risk specialist, explore cyber risk management and insurance solutions, or submit a sales or RFP enquiry today.

Download your copy of the Cyber and Security Deep Dive report (Part 2) to discover why cyber risk is evolving faster than many organisations can currently adapt to.

UK Utilities Risk Report 2026 (Part 2) – Cyber and Security Deep Dive

In association with Utility Week

Inside the Cyber and Security Deep Dive, you’ll discover why cyber risk is evolving faster than many organisations can currently adapt to.

How the Marsh utility team can help you

Speak to Marsh to connect with a utility industry expert or risk specialist, learn more about a specific risk management or insurance solution, or submit a sales or RFP enquiry today.

Part 1 of the UK Utilities Risk Report 2026

This year’s two-part UK Utilities Risk Report 2026 provides a practical, sector-specific view of the risks shaping today’s utilities market, along with clear priorities for utility leaders seeking to protect service delivery, balance sheets and long-term investment plans.

Download part 1 of the UK Utilities Risk Report 2026 for detailed analysis, case studies, and practical checklists. 

FAQs for the UK Utilities Risk Report 2026:

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.

Our people

Carl Ratcliffe

Marsh UK Industries - Recycling, Utilities & Mining Industries Leader

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