Gallagher Launched Middle East Cyber Advisory Practice
The firm expanded its cybersecurity offerings as regional insurance rates experienced a notable decline.
Updated on Oct. 13, 2026 in Cybersecurity
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Gallagher has launched a new cyber risk advisory practice in the Middle East to help organizations translate technical vulnerabilities into financial risk. This expansion coincides with a period of downward pressure on cyber insurance costs across the region.
Why it matters
The practice aims to bridge the gap between technical cybersecurity threats and operational business risk as the regional market navigates complex digital challenges. Rising capacity in the insurance market has pushed rates lower, allowing firms to reassess their coverage strategies.
The new advisory practice integrates cybersecurity consulting with risk quantification tools to measure potential losses. This technical approach addresses the scale of threats in the UAE, which faces up to 800,000 cyberattacks per day.
The players
Gallagher
Gallagher is a global insurance brokerage, risk management, and consulting firm that provides services to clients worldwide.
Sidharth Wahi
Sidharth Wahi is an actuary who leads the newly established cyber risk advisory practice at Gallagher.
Munich Re
Munich Re is a global provider of reinsurance, primary insurance, and insurance-related risk solutions.
The details
Led by actuary Sidharth Wahi, the practice utilizes global risk data to provide locally tailored advice to clients. The initiative arrives as organizations face mounting digital pressures, requiring a clearer understanding of how technical exploits translate into bottom-line impacts.
Timeline
Middle East cyber insurance rates fell 5% to 10% during Q2 2026.
Gallagher reported the daily cyberattack statistics for the UAE in May 2026.
Worldwide cyber premiums are projected to reach US$28 billion by 2030.
The Tech Race
The advisory practice signals a shift toward specialized risk management as the insurance market moves from nascent stages to maturity. This evolution follows the documented growth of the industry, where global cyber premiums reached US$15 billion in 2025.
Businesses in the Middle East may benefit from more competitive pricing when securing or renewing their cyber insurance policies. Clients gain access to specialized tools that clarify their financial exposure to common daily cyberattack vectors.
The takeaway
Organizations should view technical security measures as a direct factor in their overall financial risk profile. As insurance capacity grows, firms that quantify their cyber risk effectively may secure more favorable terms in the marketplace.
Further reading
For more information on the evolving threat landscape, visit our Cybersecurity section.
Source note: This article includes information reported by Insurance Business.
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