The latest report looking at cyber risks worldwide;
The QualRisk Cyber Insurance Center (QCC) today released its 2025 Global Market Report (GMR), revealing a significant shift in the global cyber insurance landscape. The report projects global premium to grow from $15.1 billion in 2024 to $27 billion by 2030, and reach $60 billion by 2040.
While the U.S. retains the lion’s share of the market, with 70% of global premium, its growth has slowed, with a 2% year-over-year decline in 2024. In contrast, Europe is now driving global expansion, having seen a 22% compound annual growth rate (CAGR) over the past three years, and will drive the next phase of global market development.
“This is a market pivot,” said Daniel Kasper, CEO of QCC. “We’re witnessing a transition from U.S.-centric dominance to truly global momentum, with Europe leading today and Asia on deck. Future growth will depend not just on pricing, but on expanding exposure and penetration worldwide.”
Key findings from the 2025 QCC Global Market Report:
- Market Size and Projections: Global cyber insurance premium reached $15.1 billion in 2024, and is set to grow to $27 billion by 2030 and $60 billion by 2040.
- Premium & Price Index Trends: The QCC Global Cyber Insurance Price Index, which tracks global cyber insurance rates, fell to 269 in 2024, down from its 2022 peak of 340, as pricing stabilized further after the ransomware induced hard market from 2020 to 2022.
- Regional Dynamics: The U.S. holds 70% of global premium but saw a 2% decline in top-line premium. Europe now leads global market growth with a 22% CAGR over the last three years. The U.S. personal cyber market is expanding rapidly, and, for the first time, QCC has modeled the non-U.S. global personal cyber segment.
- Expanded NAIC Data & Competitive US Analysis: QCC has expanded the U.S. competitive section, using the new NAIC cyber supplement data structure, reveals varying strategies among top carriers:
- Hartford Steam Boiler (HSB) leads in cyber endorsements, with $75 million in premium and a 26% share.
- The primary and surplus lines market remains competitive: the top five primary writers, led by Chubb, account for 30% of the market; the top five surplus writers, led by Starr, hold 26%.
- Strategies vary: Arch writes substantial premium across all lines, while At-Bay (Primary), Fairfax (Surplus), and HSB (Endorsements) focus on single segments.
About the 2025 QCC Global Market Report
The 2025 Global Market Report provides comprehensive data and analysis on historical data from 2015 to forecasts up to 2024, geographic and customer segmentation, and key carrier statistics within the U.S. cyber insurance markets.
For more information on the Global Market Report, visit the QCC website https://qualriskcyber.com/gmr/ or contact QCC directly under dataproducts@qualriskcyber.com.
About the QualRisk Cyber Insurance Center
QualRisk is an advisory firm assisting insurance and financial services companies in strengthening their data and analytics through technology. With offices in New York, London, and Cologne, the QualRisk Cyber Insurance Center is the industry leader in global cyber insurance market data and analysis.
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