The Source for Cyber Insurance News, Insights and Data
With total premiums of $1.53 billion this year, the UK cyber insurance market will reach almost $3 billion by 2030, according to a May 2025 Markets and Research report. CAGR of 13.4% in Market The report attributes the growth of the British cybersecurity insurance market to increasing regulations and growing awareness of cyber threats among … Read more
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