The Source for Cyber Insurance News, Insights and Data
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
Cyber insurance premiums will grow “15% to 20% per year to a total of about $23 billion by the end of 2026, up from about $14 billion at the end of 2023,” estimates S&P Global Ratings report “Cyber Insurance Market Outlook 2025: Cycle Management Will Be Key To Sustaining Profits.” [Don’t tell Swiss Re, which … Read more