Cyber Insurance Market to Reach $32.2 B by 2030

The global cyber‑insurance market is projected to expand from about $16.5 billion in 2025 to over $32.2 billion by 2030, representing a compound annual growth rate of roughly 14.2%. North America accounts for the largest share, holding about 40% of the market in 2025. Growth is driven by a rise in ransomware attacks, stricter regulatory requirements, and increasing demand for financial protection across sectors such as banking, healthcare, retail and manufacturing.

Major insurers—including AXA, Allianz, Chubb, AIG and Zurich—are tightening underwriting standards while adding cyber‑risk services such as incident‑response support and continuous monitoring. New trends include bundling insurance with cybersecurity tools, AI‑driven risk modelling to price policies more accurately, and the emergence of products aimed at small‑ and medium‑size enterprises as they become frequent targets of attacks. The market’s rapid expansion reflects organisations’ broader shift toward proactive digital‑risk management.