Cybersecurity Insurance Market worth $32.19 billion by 2030

DELRAY BEACH, Fla., July 18, 2025 /PRNewswire/ -- According to MarketsandMarkets™, the global Cybersecurity Insurance Market will grow from USD 16.54 billion in 2025 to USD 32.19 billion by 2030 at a compounded annual growth rate (CAGR) of 14.2% during the forecast period.

The Cybersecurity Insurance Market is experiencing strong momentum due to the escalating frequency and severity of cyberattacks, especially ransomware and data breaches, which are driving organizations to secure financial safeguards. Regulatory developments such as GDPR, NIS2, and evolving national cybersecurity frameworks are pushing companies to adopt cyber insurance as part of their compliance strategies. As businesses rapidly digitize through increased cloud adoption, IoT integration, and hybrid work environments, their vulnerability to cyber threats grows, expanding the demand for cyber coverage. Notably, small and mid-sized enterprises are becoming prominent targets, prompting a surge in demand for cost-effective, bundled insurance solutions. Insurers are responding with advanced, risk-based offerings that integrate threat intelligence, proactive security assessments, and incident response capabilities.

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439 – Tables
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Scope of the Report

Based on insurance type, the packaged segment is expected to grow at the highest CAGR during the forecast period.

With a surge in digitalization and the adoption of the latest innovative technologies, the need for packaged cybersecurity insurance solutions has accelerated. The packaged or endorsed cybersecurity insurance policy provides cybersecurity insurance coverage as part of a package with a traditional insurance policy. Traditional insurance policy lines include property, directors and officers, professional indemnity/errors and omissions, general liability, crime, policies for SMEs, or homeowner policies. Cyber incident coverages are packaged with these traditional insurance covers. The packaged cyber coverage covers non-cyber losses, such as cyber coverage endorsement and costs associated with tangible property. The major insurance companies that offer packaged cybersecurity insurance policies are Chubb, CNA, AXIS Capital, Travelers Insurance, and Liberty Mutual.

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Based on provider type, the insurance provider segment is expected to hold the largest market share during the forecast period.

Insurance companies increasingly rely on technology providers for risk management services and security posture assessment. BitSight, RedSeal, Prevalent, SecurityScorecard, UpGuard, SafeBreach, AttackIQ, and Ivanti are some of the prominent vendors that provide their security solutions and services to insurance enterprises. Insurance providers serve as critical end users in the cybersecurity insurance due to their reliance on digital infrastructure, customer data, and financial transactions. They utilize cybersecurity insurance to protect against potential financial losses resulting from cyberattacks such as data breaches, ransomware, and business interruptions. This insurance enables them to ensure regulatory compliance with data protection laws such as GDPR and NAIC's Insurance Data Security Model Law. Additionally, cyber policies offer insurers access to incident response teams, legal counsel, and PR experts to manage breach events efficiently. Insurance providers also leverage these policies to strengthen operational resilience, manage third-party risks, and secure digital products and services.

Based on region, Asia Pacific is expected to grow at the highest CAGR during the forecast period.

Asia Pacific is expected to witness the highest CAGR in the Cybersecurity Insurance Market during the forecast period, driven by the escalating cyber threat landscape. Recognized for its dynamic and emerging economies, the region is experiencing substantial growth in the cybersecurity insurance sector, supported by progressive government regulations and advancements in technology. APAC is rapidly embracing technologies such as business intelligence (BI) tools, cloud computing, data analytics, and infrastructure modernization. The implementation of stricter regulatory frameworks, including heightened penalties for non-compliance, is anticipated to drive increased demand for cybersecurity insurance across Asia Pacific. Zurich Insurance forecasts robust market growth in the region, with key players such as AIG, Allianz, Chubb, and Zurich playing a leading role in shaping the market landscape.

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Top Key Companies in Cybersecurity Insurance Market:

The major vendors in the Cybersecurity Insurance Market are BitSight, Mitratech, RedSeal, SecurityScorecard, UpGuard, Chubb, AXA AL, Travelers, AIG, and Beazley.

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