The global market for cybersecurity insurance is projected to more than double over the next five years, reaching US$32.19 billion by 2030, according to new research from MarketsandMarkets.
The sector, valued at US$16.54 billion in 2025, is expected to expand at a compound annual growth rate of 14.2%, driven by an increasingly volatile cyber threat landscape and growing regulatory pressure.
Demand for cover is being fuelled by the rising frequency and financial impact of cyber incidents, particularly ransomware and data breaches, which are prompting more organisations to seek risk transfer solutions.
Tighter regulatory frameworks are also pushing the market forward. Rules such as the EU’s General Data Protection Regulation (GDPR), the updated NIS2 directive, and various national data security laws are making cyber insurance a key tool for regulatory compliance.
The shift to cloud computing, increased use of Internet of Things (IoT) devices, and hybrid working models are exposing companies to greater operational risk. In response, insurers are developing more sophisticated products that include built-in risk assessment, threat intelligence, and incident response capabilities.
One area seeing particularly strong growth is packaged cyber cover, where cybersecurity protection is bundled with traditional insurance lines, such as property, general liability, or professional indemnity policies. Insurers including Chubb, CNA, AXIS Capital, Travelers and Liberty Mutual are among those offering integrated products tailored to evolving business needs.
Insurance firms are also working more closely with cybersecurity vendors to improve underwriting accuracy and support client risk management. Technology providers such as BitSight, RedSeal, SecurityScorecard, UpGuard, and AttackIQ are helping insurers assess client exposure and build in preventative support.
The Asia-Pacific region is projected to see the fastest growth over the forecast period, underpinned by widespread digitisation, evolving cyber regulations, and increased investment in IT infrastructure.
The MarketsandMarkets report covered the global cybersecurity insurance market by offering type, coverage, insurance model, provider, vertical and region, with projections through to 2030.
