7.46 billion USD (domestic insurers)
Domestic insurers wrote $7.46 billion of cyber premium in 2025, up from $2.75 billion in 2020.
National Association of Insurance Commissioners (NAIC)5.84 million policies in force
Domestic cyber policies in force rose 33% to 5.84 million in 2025.
National Association of Insurance Commissioners (NAIC)56,323 reported claims
Reported cyber insurance claims rose 20% to 56,323 in 2025, more than six times the 2017 level.
National Association of Insurance Commissioners (NAIC)Why this market is moving now
- Premium growth has slowed: 3.5% in 2025 after the first-ever contraction in 2024, while claims rose 20%.
- The loss ratio rose to 53 in 2025 even as rates fell for eight straight quarters to Q1 2026, which squeezes insurer margins.
- Policies in force jumped 33% to 5.84 million, driven by cyber endorsements on other commercial policies.
Key figures
Each figure links to the page it came from.
| Figure | Value | Year | Source |
|---|---|---|---|
| Total US cyber direct written premium, including alien surplus lines, was about $9.46 billion in 2025, up about 3.5% from $9.14 billion in 2024. | 9.46 billion USD | 2025 | National Association of Insurance Commissioners (NAIC) |
| Domestic insurers wrote $7.46 billion of cyber premium in 2025, up from $2.75 billion in 2020. | 7.46 billion USD (domestic insurers) | 2025 | National Association of Insurance Commissioners (NAIC) |
| Domestic cyber policies in force rose 33% to 5.84 million in 2025. | 5.84 million policies in force | 2025 | National Association of Insurance Commissioners (NAIC) |
| Reported cyber insurance claims rose 20% to 56,323 in 2025, more than six times the 2017 level. | 56,323 reported claims | 2025 | National Association of Insurance Commissioners (NAIC) |
| The industry-wide cyber loss ratio rose to 53 in 2025 from 48.7 in 2024. | 53 loss ratio | 2025 | National Association of Insurance Commissioners (NAIC) |
| The first quarter of 2026 was the eighth consecutive quarter of US cyber rate cuts. | 8 consecutive quarters of rate cuts (to Q1 2026) | 2026 | National Association of Insurance Commissioners (NAIC) |
| Chubb led the 2025 cyber ranking with $629.2 million of direct written premium (8.44% share), ahead of Beazley ($571.0 million) and St Paul Travelers ($543.9 million). | 629.2 million USD (Chubb direct written premium, 2025) | 2025 | National Association of Insurance Commissioners (NAIC) |
| Primary cyber policies account for approximately 64% of cyber premium, with excess at about 32% and endorsements at about 4%. | 64 % of premium from primary policies | 2025 | National Association of Insurance Commissioners (NAIC) |
| Global cyber insurance premium surpassed $16 billion in 2025, with the US accounting for more than half (cited by NAIC from AM Best). | 16 billion USD (global, 2025) | 2025 | National Association of Insurance Commissioners (NAIC), citing AM Best |
Companies to watch
Chubb
Largest US cyber group in 2025 with $629.2 million of direct written premium and 8.44% market share.
Beazley
Second-ranked US cyber group in 2025 with $571.0 million of direct written premium, up from 16th in 2024.
Travelers (St Paul Travelers Group)
Third-ranked US cyber group in 2025 with $543.9 million of direct written premium.
What the full report covers
- 1
Executive summary
The answer on two pages: size, growth and what drives it.
- 2
Market size and outlook
History, the current year and a five-year view with base, low and high cases.
- 3
Segments and regions
Splits by product, buyer and geography across the US, Europe and MEA.
- 4
Company profiles
The main players, how they compete and where they are investing.
- 5
Data and method
Every figure in Excel, with the sources and assumptions behind it.
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the United States market - 03Market size, 2021 to 2025
Historical series and growth rates - 04Outlook to 2031
Base, low and high scenarios with stated assumptions - 05Rules, policy and deadlines
Regulation and programmes that change demand - 06Drivers and barriers
What accelerates or slows adoption, by customer segment - 07Prices, costs and margins
Unit economics where public data allows - 08Competitive landscape
8 to 12 company profiles with recent moves - 09Opportunities and risks
For new entrants, suppliers and investors - 10Method and sources
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Frequently asked questions
How big is the US cyber insurance market?
The NAIC reports total US cyber direct written premium, including alien surplus lines, of about $9.46 billion in 2025. Domestic insurers wrote $7.46 billion of that.
How fast is cyber insurance growing?
Premium rose about 3.5% in 2025 to $9.46 billion, after a contraction in 2024. Domestic premium grew from $2.75 billion in 2020 to $7.46 billion in 2025, per the NAIC.
Who are the largest US cyber insurers?
In 2025 the NAIC ranked Chubb first with $629.2 million of direct written premium, followed by Beazley ($571.0 million) and St Paul Travelers ($543.9 million).
How many cyber insurance claims are made each year?
The NAIC counted 56,323 reported cyber claims in 2025, up 20% and more than six times the 2017 level.
Are cyber insurance prices rising or falling?
The NAIC says the first quarter of 2026 was the eighth consecutive quarter of US cyber rate cuts, even though the loss ratio rose to 53 in 2025.
How many cyber insurance policies are there?
Domestic policies in force rose 33% to 5.84 million in 2025. Primary policies make up about 64% of premium.
Sources and method
The figures on this page come from the public sources listed below. Read how we work.
- National Association of Insurance Commissioners (NAIC): Report on the Cybersecurity Insurance Market: 2025 Reporting Year (2026-10-20)
Total U.S. direct written premium, including alien surplus lines, reached approximately $9.46 billion in 2025
- National Association of Insurance Commissioners (NAIC): NAIC Report Finds Cyber Insurance Market Has Nearly Tripled Since 2020 as Cyber Risk Grows (2026-10-20)
growing from $2.75 billion to $7.46 billion (or $9.46 billion, including alien surplus lines)
- National Association of Insurance Commissioners (NAIC): Report on the Cybersecurity Insurance Market: 2025 Reporting Year (2026-10-20)
Domestic policies in force rose 33% to 5.84 million in 2025
- National Association of Insurance Commissioners (NAIC): Report on the Cybersecurity Insurance Market: 2025 Reporting Year (2026-10-20)
reported claims increased 20% to 56,323, more than six times the 2017 level
- National Association of Insurance Commissioners (NAIC): Report on the Cybersecurity Insurance Market: 2025 Reporting Year (2026-10-20)
The industry-wide cyber loss ratio rose to 53 in 2025 from 48.7 in 2024
- National Association of Insurance Commissioners (NAIC): Report on the Cybersecurity Insurance Market: 2025 Reporting Year (2026-10-20)
The first quarter of 2026 marked the eighth consecutive quarter of U.S. cyber rate cuts
- National Association of Insurance Commissioners (NAIC): Report on the Cybersecurity Insurance Market: 2025 Reporting Year (Table 1, Top 20 Groups) (2026-10-20)
Chubb Ltd Grp $629,201,236 58.81% 8.44%
- National Association of Insurance Commissioners (NAIC): Report on the Cybersecurity Insurance Market: 2025 Reporting Year (2026-10-20)
Coverage premium is concentrated in primary policies, which account for approximately 64% of premium
- National Association of Insurance Commissioners (NAIC), citing AM Best: Report on the Cybersecurity Insurance Market: 2025 Reporting Year (2026-10-20)
Global cyber insurance premium surpassed $16 billion in 2025
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