The Source for Cyber Insurance News, Insights and Data
Cyber Insurance Rates Drop Amid Stable Market Conditions The US cyber insurance market saw a 5% average rate decrease in Q4 2024, continuing a trend of pricing stability. Marsh reported that favorable conditions are expected to persist into 2025. Companies improved their cybersecurity controls, which underwriters viewed positively. Organizations also adjusted their insurance programs. Many … Read more
Digital World Faces Record-Breaking Cyber Risk Exposure Munich Re’s “Cyber Insurance: Risks and Trends 2025” report projects the cyber insurance market will grow to $16.3 billion by 2025. This growth comes as global cybercrime costs skyrocket, with losses estimated between $1 trillion and $9.5 trillion in 2024 alone. The report, released in April, paints a … Read more
Gallagher Re’s latest report, The Quest for Growth, dives into a range of pressing cybersecurity insurance issues, from ransomware and cyber underwriting cycles to the evolving cyber threat landscape. At the center of it all lies a stark reality: the cyber insurance industry is struggling with volatility and major loss events, yet it holds vast, … Read more
Market Growth and Projections The global cyber insurance market is projected to grow from $10.37 billion in 2023 to $68.35 billion by 2032, with a compound annual growth rate (CAGR) of 22.90%, according to a report by Market Research Future. Increasing cybersecurity threats, regulatory requirements, and digital transformation are key drivers of this growth. Factors … Read more
Demand for cyber insurance-linked securities (ILS) products should increase and there’s plenty of room for growth given their relatively low volume compared to similar securities linked to natural events, says Fitch Ratings, a major provider of credit ratings and analysis. “These (recent ILS) transactions of $145 million are a small fraction relative to the $10 … Read more