Cybersecurity Insurance Market Set to Surpass $32 Billion by 2030 Amid Rising Threats

The global cybersecurity insurance market is poised for significant expansion, with its value projected to jump from $16.54 billion in 2025 to $32.19 billion by 2030. This 14.2% compound annual growth rate reflects mounting pressure on organizations to manage increasingly complex cyber threats, including ransomware and data breaches. As digital risk intensifies, more businesses are turning to cyber insurance as both a compliance tool and a strategic safeguard.

Key drivers include evolving global data privacy regulations like the EU’s GDPR and NIS2 directive, alongside growing threats linked to cloud adoption, IoT, and remote work. In response, insurers are creating more robust offerings, often combining cyber protection with traditional policy lines. These packaged products are gaining popularity, especially among enterprises seeking comprehensive risk mitigation.

Insurers such as Chubb, Travelers, and Liberty Mutual are collaborating with tech vendors like BitSight and AttackIQ to refine underwriting and provide clients with preventative cybersecurity support. These partnerships help insurance carriers quantify risk more accurately and improve their service offerings.

The Asia-Pacific region is expected to see the fastest growth, driven by rapid digital transformation, expanding IT infrastructure, and a tightening regulatory environment. Global insurers are ramping up their presence in this region to meet surging demand for cyber coverage as enforcement of data protection laws intensifies.