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Bitsight, the provider of cyber risk intelligence, reported 30% growth in its cyber insurance business for the first half of fiscal year 2026 (February 1 – July 31, 2025), according to a press release issued today. This rapid growth stands in contrast with some bearish estimates of the growth of cyber insurance premiums. Swiss Re recently pegged the CAGR (Compound Annual Growth Rate) of the cyber insurance market at 5%, and AM Best has estimated cyber insurance premiums actually dropped in 2024. To be sure, other estimates of cyber insurance growth are much higher, up to a 24.5% CAGR in some reports.
[For details on the Swiss Re projection and to compare a number of other market growth estimates, see our recent report: Cyber Insurance Market Faces Slowdown as SMEs Hold the Key to Future Growth.]
Bitsight attributes much of its growth to a partnership with Moody’s RMS, particularly through the integration of Bitsight’s Cloud Dispersion Analytics into Moody’s Cyber Solutions v9 and Bitsight’s role as a founding member of the Moody’s RMS Cyber Insurance Steering Group (CISG). For information on another Bitsight/Moodys collaboration, see this report.
How Does Cyber Insurance Technology Help Carriers and Brokers?
Bitsight asserts the value of its offerings are validated by industry partners: “Gallagher Re found that by adding Bitsight’s external scanning insights to existing underwriting methods, insurers can identify companies disproportionately at risk of a claim up to 40% more accurately. Meanwhile, Marsh McLennan confirmed statistically significant correlations between Bitsight Security Ratings, 13 risk vectors, and the likelihood of cybersecurity incidents,” according to the press release.
Growth by Other Tech & Service Providers
Other cyber insurance technology and service providers are also expanding. SecurityScorecard, which serves both operating companies and insurance providers, reported $140 million in annual recurring revenue in 2025, with a 370% year-over-year increase in its MAX product (the overall three-year growth rate has been reported at 78%.) CyberCube, a provider of cyber-risk modeling and analytics, calls itself “the analytics engine powering sustained, global growth in cyber insurance” and has reportedly enjoyed high double-digit growth. The company just announced a $180 million investment. Firms in the Managed Detection & Response (MDR) and Incident Response & Digital Forensics markets, which often serve the cyber insurance sector, have also reported rapid growth.
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Market Drivers for Cyber Insurance Technology Companies
We’ll keep an eye on new reports relating to the potentially disparate growth rates of cyber tech and cyber insurance carriers. If vendors to the cyber liability insurance market are indeed growing faster than the carriers themselves, how come? An industry-specific possibility is that cyber attacks are growing more complex and damaging, requiring cyber insurance carriers to spend more on underwriting, threat intelligence, incident response and other services to avoid losses. Another factor is that a number of higher growth providers, such as Bitsight, also serve the broader cybersecurity market, which continues its rapid, secular growth.
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