Cyber insurance rates fell 4% worldwide in the third quarter of 2026, while on-chain ransomware payments fell about 8% to 820 million USD in 2025.
Why this market is moving now
- Cyber insurance rates fell 4% worldwide in the third quarter of 2026, with rates flat in the US and falling elsewhere.
- Claimed ransomware attacks rose 50% in 2025 even as total ransom payments fell.
- Initial ransom demands rose 47% to an average of over 1 million USD in recent claims.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| Global cyber insurance premiums have doubled since 2020 to more than 16 billion USD. | 16 billion USD | 2025 | |
| Europe is the second-largest cyber insurance market in the world after North America, with premiums of more than 3.5 billion USD. | 3.5 billion USD | 2026 | |
| Global cyber insurance rates fell 4% in the third quarter of 2026, the same as in the second quarter; rates were flat in the US and fell in other regions. | 4 % | 2026 | |
| Global commercial insurance rates fell 5% in the third quarter of 2026, the ninth quarter of declines in a row. | 5 % | 2026 | |
| Ransomware actors received about 820 million USD in on-chain payments worldwide in 2025, down about 8%, while claimed attacks rose 50%. | 820 million USD | 2025 | |
| The median ransom payment rose 368% in 2025 to nearly 60,000 USD. | 60,000 USD | 2025 | |
| In claims data from more than 100,000 policyholders worldwide, initial ransom demands rose 47% to an average of over 1 million USD. | 47 % | 2025 | |
| Business email compromise and funds transfer fraud made up 58% of all cyber claims in the same claims data. | 58 % | 2025 | |
| First-party claims, for losses an organization suffers directly, made up 62% of actively managed cyber claims in a large global reinsurer's portfolio in 2026. | 62 % | 2026 | |
| Beazley's Cyber Risks segment had insurance revenue of 1,218.3 million USD in 2025, up from 1,156.7 million USD in 2024. | 1,218.3 million USD | 2025 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Companies to watch
Beazley
Specialist insurer whose Cyber Risks segment earned 1,218.3 million USD of insurance revenue in 2025.
Coalition
Cyber insurer with more than 100,000 policyholders worldwide; its claims show ransom demands rising.
Munich Re
Reinsurer that has backed the cyber insurance market from its start and models cyber risk in house (
Chubb
Insurer that offers cyber risk cover in its commercial, international and personal lines (
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
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Frequently asked questions
How big is the global cyber insurance market?
Global cyber insurance premiums have doubled since 2020 to more than 16 billion USD.
Which regions buy the most cyber insurance?
North America is the largest cyber insurance market in the world. Europe is second, with premiums of more than 3.5 billion USD.
Are cyber insurance prices going up or down?
Down. Global cyber insurance rates fell 4% in the third quarter of 2026, the same as in the second quarter. Rates were flat in the US and fell in other regions.
How much do ransomware attacks cost?
Ransomware actors received about 820 million USD in on-chain payments in 2025, down about 8%. The median payment rose 368% to nearly 60,000 USD, and initial demands averaged over 1 million USD.
What causes most cyber insurance claims?
Business email compromise and funds transfer fraud made up 58% of all claims in one large claims dataset. First-party losses made up 62% of actively managed claims at a large reinsurer.
Which companies sell cyber insurance?
Beazley earned 1,218.3 million USD of cyber insurance revenue in 2025. Coalition insures more than 100,000 policyholders. Munich Re and Chubb also provide cyber risk cover.
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