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The Global Cyber-security Insurance Market is anticipated to grow at a CAGR of 10.9% from USD 9.8 billion in 2023 to USD 19.4 billion in 2030 during the forecast period from 2025 to 2030.

Cyber security is the cyber insurance which provides cover against first- and third-party financial losses which do arise from damage to, or loss of data from, IT systems. The widespread usage of the internet is driving the demand for cyber insurance plans to protect against cyber-attacks. To support growing demand for cyber insurance, new capacity needs to be generated along with the access to risk capacity from capital markets for the worst accumulation scenarios. Cyber security providers and insurers are collaborating to better understand the risks and provide the useful tools in the process, Strict government regulations with risk management requirements and underwriting are applied to protect the data. Adaptive cyber policies are been implemented in various organizations to gather and report specific market data which is simple to use and uniform across the board. The challenges mainly limiting the growth of the Cyber Security Market are the costs of cybercrime which include damage and theft of data, intellectual property, lost productivity, costs for forensic investigation, disruption and reputational damage and restoration of hacked assets. The main problem affecting the market was the supply of hardware. To address the cyber talent gap, it is important for the industry to invest in the development of cyber expertise.  

Browse 91 market data Tables and 43 Figures spread through 196 Pages and in-depth TOC on "Cyber-security Insurance Market by Component (Solutions and Services), by Type (Standalone and Packaged), by Coverage (Data Breach and Cyber Liability), by Enterprise Size (Large and Small & Medium Enterprises), by End-User (BFSI, IT & Telecom, Retail, Healthcare, Manufacturing and Others) and by Region (North America, Europe, Asia-Pacific, South America and Middle East and Africa) - Global Forecast to 2030

Cyber-security Insurance Market Segmentation and Key Players

By component, solutions dominate the global cyber-security insurance market.

On the basis of component, the Cyber-security Insurance Market is classified into Solutions and Services. Solutions segment is anticipated to develop considerably during the forecast period as these services focus on the time lines, goals, pain areas considering the competence of human and technology.

“North America is anticipated to register the fastest CAGR during the forecast period, i.e., 2025-2030 in the cyber-security insurance market.”

The frequency of cyber attacks is increased it has a financial impact on organizations of all sizes. Due to strict regulations of US, significant opportunities are provided for cyber security solution providers.

The key players of cyber-security insurance market are AIG, Aon, CNA Financial Corporation, AXA, Beazley, Chubb, Fairfax, Marsh & McLennan, BitSight, Prevelant, AttachIQ, Broadcom, Cylance, Accenture Munich Re, Swiss Re, AXIS Capital, okio Marine, Verisk, WTW, At-Bay, CFC, Coalition, CyberCube, Cowbell Cyber, Envelop Risk, and Zeguro, The Hanover Insurance, Inc., Zurich Insurance.

Recent developments by Key Players

Beazley Security  is the in-house cyber services team of Beazley which is been merged with Lodestone. The new company combines the risk management services. This new integration of  Beazley shall strengthen clients’ cyber response capabilities and preparedness by 24/7 monitoring that enables faster identification and containment of threats.

Accenture acquired a U.K.-based technology consultancy, 6point6 specialized in cloud, data, and cybersecurity. This acquisition shall strengthen Accenture’s capabilities in strategy and architecture, in sectors such as defense, security, central government and financial services, enabling it to meet the complex technology needs of its U.K. clients more effectively.

Global cyber-security insurance market coverage (By Value)

Component Insight and Forecast 2025-2030

• Solutions
• Services

Type Insight and Forecast 2025-2030

• Standalone
• Packaged

Coverage Insight and Forecast 2025-2030

• Data Breach
• Cyber Liability

Enterprise Insight and Forecast 2025-2030

• Large enterprise
• Small and Medium enterprise

Enduser Insight and Forecast 2025-2030

• BFSI
• IT & Telecom
• Retail
• Healthcare
• Manufacturing
• Others

Geographical Segmentation

Global Cyber-security Insurance Market by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
• Asia-Pacific (APAC)
  • China
  • Japan
  • South Korea
  • India
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East and Africa
  • Turkey
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA