Global Cyber Insurance Market to Hit $27 Billion by 2030

The QualRisk Cyber Insurance Center (QCC) has unveiled its 2025 Global Market Report (GMR), highlighting a dramatic shift in the global cyber insurance industry. According to the report, global premiums are projected to climb $27 billion by 2030, and further double to reach $60 billion by 2040.

While the United States continues to hold the largest market share—accounting for 70 percent of global premiums—growth in the country has slowed. The U.S. cyber insurance market contracted by 2 percent in 2024, signaling a maturing phase. In contrast, Europe has emerged as the primary driver of global expansion, recording a 22 percent compound annual growth rate (CAGR) over the past three years.

The report also provides insights into global pricing trends. The QCC Global Cyber Insurance Price Index fell to 269 in 2024, down from its 2022 peak of 340, reflecting further stabilization following the ransomware-induced hard market between 2020 and 2022.