The Source for Cyber Insurance News, Insights and Data
McKinsey rates cybersecurity as critical for claims frequency and severity in commercial property and casualty lines. Only two other industries earn that rating in the same grid. They are cloud services and semiconductors. For a cyber underwriter, those are not three industries. They are one accumulation event with three names. The rating appears in “The … Read more
Two years ago, NetDiligence counted 15 ransom payments of $10m or more across its entire claims dataset. This year it counted 59. The sixteenth annual Cyber Claims Study, published on 15 September, analyses 10,309 real cyber insurance claims from incidents between 2021 and 2025, contributed directly by cyber insurers. Against the 2024 edition, which covered … Read more
The Association of British Insurers has published what its members’ claims data says actually reduces cyber losses. Several of the controls sit outside Cyber Essentials entirely, including backups. The Association of British Insurers has published good practice guidance on cyber resilience, setting out the cyber insurance controls its members regard as most effective. The document … Read more
The Association of British Insurers and PwC UK set out where the market has grown, where cover stops, and how much of the small business sector still buys nothing. The Association of British Insurers has published its UK Cyber Insurance Market Assessment, produced with PwC UK, and it carries a direct statement of position. Structural … Read more
Credence Research’s March 2026 report provides one of the more aggressive recent estimates, valuing the global cyber insurance market size at $20.88 billion in 2024, projected to reach $118.97 billion by 2032 with a CAGR of 24.3% over the 2025–2032 period. This high base-year figure and elevated growth rate assume continued expansion of demand for … Read more