The global Cybersecurity Insurance Market is on a steep growth trajectory, expected to more than double from USD 16.54 billion in 2025 to USD 32.19 billion by 2030, according to the latest analysis from MarketsandMarkets™. This represents an impressive compound annual growth rate (CAGR) of 14.2% during the forecast period.
Why Cybersecurity Insurance Is Booming
The market’s rapid expansion is being driven by the rising frequency and severity of cyberattacks, including ransomware and data breaches, which are forcing organizations to seek financial protection. Additionally, evolving regulatory frameworks like GDPR, NIS2, and national cybersecurity laws are prompting companies to adopt cyber insurance as a compliance tool.
As businesses accelerate digital transformation through cloud adoption, IoT integration, and hybrid work environments, their exposure to cyber risks increases — creating higher demand for cybersecurity coverage.
Notably, small and mid-sized enterprises (SMEs) are emerging as prime targets for cybercriminals. In response, insurers are rolling out cost-effective, bundled insurance solutions that include proactive security assessments, threat intelligence, and incident response support.
Market Scope and Segmentation
The report covers:
- Timeframe: Market size projections for 2020–2030
- Base year: 2024
- Forecast period: 2025–2030
- Segments: By Offering, Insurance Coverage, Insurance Type, Provider Type, Vertical, and Region
- Geographic focus: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Packaged Cyber Insurance Leads Growth
Among insurance types, the packaged segment is expected to see the fastest growth. These policies combine cybersecurity coverage with traditional insurance policies, such as property, general liability, professional indemnity, crime insurance, and even homeowner policies.
Major insurers like Chubb, CNA, AXIS Capital, Travelers Insurance, and Liberty Mutual are key players offering these bundled solutions, which cover not only cyber-related risks but also non-cyber losses tied to digital incidents.
Insurance Providers Dominate Market Share
The insurance provider segment is anticipated to hold the largest market share. These companies increasingly depend on technology vendors for risk management and security posture assessments. Notable providers include BitSight, RedSeal, Prevalent, SecurityScorecard, UpGuard, SafeBreach, AttackIQ, and Ivanti.
Cyber insurance enables these firms to:
- Protect against financial losses from ransomware, data breaches, and business interruptions
- Ensure regulatory compliance with data protection laws such as GDPR and NAIC’s Insurance Data Security Model Law
- Gain access to incident response teams, legal advisors, and PR specialists for managing breach events
- Strengthen operational resilience and manage third-party risks
Asia Pacific: Fastest-Growing Region
The Asia Pacific region is expected to post the highest CAGR during the forecast period. Several factors contribute to this surge, including:
- Escalating cyber threats in emerging economies
- Increased adoption of cloud computing, data analytics, and business intelligence tools
- Stricter government regulations with higher penalties for non-compliance
Key market leaders like AIG, Allianz, Chubb, and Zurich are shaping the cybersecurity insurance landscape in APAC.
Major Players Shaping the Market
The market features an extensive list of vendors and insurers, including:
- Technology and risk providers: BitSight, Mitratech, RedSeal, SecurityScorecard, UpGuard, AttackIQ, SentinelOne, Broadcom, and SafeBreach
- Global insurers: Allianz, AIG, Aon, Arthur J. Gallagher, Travelers, AXA XL, AXIS Capital, Beazley, Chubb, CNA Financial, Fairfax, Liberty Mutual, Lloyd’s of London, Munich Re, Sompo International, and more
These players are developing advanced offerings that integrate risk intelligence with incident management to better serve businesses across all sectors.
The Bottom Line
As digital transformation accelerates and cyber threats evolve, cybersecurity insurance is becoming a core element of enterprise risk management strategies. With double-digit growth expected through 2030, insurers and technology vendors alike are innovating to meet the rising demand for comprehensive, cost-effective coverage solutions.
For more information or to access the full report, visit MarketsandMarkets.
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