In 2023, the Global Cyber Insurance Market was valued at USD 12.1 Billion, with projections indicating a rise to USD 90.6 Billion by 2033, growing at a CAGR of 22.3%. This surge reflects rising demand for protection against escalating cyber threats across sectors.
Standalone policies dominated with a 68.2% share, showing growing recognition of tailored cyber risk coverage. Third-party coverage accounted for 62.1%, underlining the need for protection from external liability claims. Large enterprises led the market with a 72.4% share, while SMEs struggled due to limited resources. The BFSI sector emerged as the top end-user, holding 28.3%, driven by the high risk of data breaches. North America led regionally with a 37.6% share, followed by Europe and Asia-Pacific, highlighting global efforts to strengthen cyber resilience.