UK Cyber Insurance Market to Hit $2.87 Billion by 2030: Report

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 businesses, especially small and medium-sized ones. Well-publicized losses from recent cyber attacks at major UK companies, such as Marks and Spencer’s potential loss of over $400 million in profits from its hack this year, are no doubt driving demand for cyber insurance.

The report also estimates that 96% of insurers now offer coverage for business interruption losses caused by cyber attacks.

RELATED News:

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.