Cyber Insurance in US 2026 show direct written premiums of $9.46 billion in 2025, up 3.5%, with the industry loss ratio rising to 53% and 56,323 claims reported. Large-business claim severity doubled to $4.4 million, while the FBI logged $20.877 billion in reported cybercrime losses.
Cyber Insurance in US 2026 – Introduction
Cyber Insurance Statistics in US 2026 describe a market that grew again after its first contraction. The National Association of Insurance Commissioners reported $9.46 billion in direct written premiums for 2025, up 3.5% from 2024. Claims rose 20% to 56,323, and the loss ratio climbed to 53%. Prices kept falling. Marsh reported that US cyber rates were flat in the third quarter of 2026 after a long decline.
This report covers premiums, policy types, top insurers, claims, ransomware, business losses, and pricing. Sources include the NAIC’s October 2026 report, Chubb and Coalition claims data, the FBI Internet Crime Complaint Center, and Marsh. Insurance figures describe 2025 results unless stated. Some claim figures come from insurer reports cited by the NAIC, so they reflect each insurer’s customers, not the whole market.
Interesting Facts: Cyber Insurance in US 2026
US Cyber Direct Written Premiums, Billions of Dollars (each █ = 0.5)
2023 ███████████████████▌ $9.84B
2024 ██████████████████ $9.14B
2025 ██████████████████▌ $9.46B
| Interesting Fact | 2026 Data |
|---|---|
| US direct written premiums, 2025 | $9.46 billion (up 3.5%) |
| Industry loss ratio, 2025 | 53% (up from 48.7%) |
| Reported claims, 2025 | 56,323 (up 20%) |
| Large-business claim severity | $4.4 million, double 2024 |
| Largest US cyber insurer | Chubb, $629.2 million |
| US cyber rates, Q3 2026 | Flat (Marsh) |
| FBI-reported cybercrime losses, 2025 | $20.877 billion |
| Business email compromise losses | $3.05 billion |
Source: NAIC 2026 Report on the Cybersecurity Insurance Market (October 2026); Marsh Global Insurance Market Index, Q3 2026; FBI Internet Crime Complaint Center 2025 Annual Report.
Premiums rose 3.5% to $9.46 billion after falling 7.1% in 2024 from $9.84 billion in 2023. Claims rose faster than premiums, which pushed the loss ratio up 4.3 points to 53%. That is the second straight yearly increase. Chubb, with $629.2 million, led the market.
Claims were uneven. Large businesses saw severity double to $4.4 million per claim, while small and mid-sized firms saw severity fall 34% to $142,000. The FBI reported $20.877 billion in cybercrime losses for 2025, 26% above 2024. Insurance premiums are less than half that reported loss figure, and the two measures cover different things.
US Cyber Insurance Premiums 2026: Direct Written Premiums by Year
US Cyber Direct Written Premiums, Billions of Dollars (each █ = 0.25)
Domestic insurers, 2020 ███████████ $2.75B
Domestic insurers, 2024 ████████████████████████████ $7.08B
Domestic insurers, 2025 █████████████████████████████▌ $7.46B
Total market, 2024 ████████████████████████████████████▌ $9.14B
Total market, 2025 █████████████████████████████████████▌ $9.46B
| Measure | Amount | Change |
|---|---|---|
| Total US premiums, 2023 | $9.84 billion | Not applicable |
| Total US premiums, 2024 | $9.14 billion | -7.1% |
| Total US premiums, 2025 | $9.46 billion | +3.5% |
| Domestic insurers, 2020 | $2.75 billion | Not applicable |
| Domestic insurers, 2025 | $7.46 billion | About 22% a year since 2020 |
| Alien surplus lines, 2025 | About $2 billion | Not applicable |
Source: NAIC 2026 Report on the Cybersecurity Insurance Market; Business Insurance; Beinsure, citing NAIC and AM Best (October 2026).
Domestic insurers wrote $7.46 billion in 2025, up from $7.08 billion in 2024 and $2.75 billion in 2020. That is a growth rate near 22% a year. Alien surplus lines insurers added about $2 billion, bringing the total to $9.46 billion. The 2024 drop was the first annual premium decline on record.
The US remains the largest market. Global premiums passed $16 billion in 2025, and AM Best puts the US share at about 50%, or about 60% with Lloyd’s exposures. AM Best expects international markets to take a larger share over time. Competition and new capacity held down US pricing even as premiums recovered.
Cyber Insurance Policy Types 2026: Primary, Excess and Endorsement Coverage
Share of Direct Written Premiums by Policy Type (each █ = 2)
Primary ████████████████████████████████ 64%
Excess ████████████████ 32%
Endorsements ██ 4%
| Policy Type | Share of Premiums | Loss Ratio, 2025 | Notes |
|---|---|---|---|
| Primary | 64% | 57% | Up about 8 points |
| Excess | 32% | 52% | Slight improvement |
| Endorsements | 4% | Not reported here | 63% of policies in force |
| All domestic policies | 100% | 53% overall | 5.84 million in force, up 33% |
Source: NAIC 2026 Report on the Cybersecurity Insurance Market, as reported by Business Insurance and Insurance Journal (October 2026).
Primary policies, which stand alone, made up about 64% of premiums, and excess policies made up 32%. Endorsements, which add small cyber cover to other commercial policies, made up only 4% of premiums. Yet endorsements accounted for nearly 63% of policies in force. Domestic insurers reported 5.84 million policies in force, up 33%.
The loss ratio rose most in primary coverage. Primary policies reported a loss and defense cost ratio of 57%, up about 8 points. Excess policies improved slightly to 52%. Because endorsement growth lifted policy counts, a higher count does not mean more protection. Endorsements carry small sub-limits.
Top Cyber Insurance Companies in the US 2026: Premiums and Market Share
Direct Written Premiums by Insurer Group, Millions of Dollars (each █ = 25)
Chubb █████████████████████████ $629M
Beazley ██████████████████████▌ $571M
St Paul Travelers █████████████████████▌ $544M
Sompo █████████████▌ $342M
Tokio Marine ████████████▌ $319M
Fairfax Financial ████████████ $302M
American International ███████████▌ $296M
Arch Insurance ███████████ $284M
At-Bay Specialty ██████████▌ $268M
Starr ██████████ $251M
| Rank | Insurer Group | Premiums | Market Share | Loss Ratio with Defense Costs |
|---|---|---|---|---|
| 1 | Chubb | $629 million | 8.44% | 58.81% |
| 2 | Beazley | $571 million | 7.65% | 16.28% |
| 3 | St Paul Travelers | $544 million | 7.29% | 58.26% |
| 4 | Sompo | $342 million | 4.58% | 60.78% |
| 5 | Tokio Marine | $319 million | 4.28% | 56.60% |
| 6 | Fairfax Financial | $302 million | 4.05% | 53.62% |
| 7 | American International | $296 million | 3.97% | 62.28% |
| 8 | Arch Insurance | $284 million | 3.81% | 41.60% |
| 9 | At-Bay Specialty | $268 million | 3.60% | 73.45% |
| 10 | Starr | $251 million | 3.36% | 3.75% |
Source: NAIC 2026 Report on the Cybersecurity Insurance Market, via Beinsure (October 28, 2026).
Chubb led with $629.2 million and an 8.44% share. Beazley climbed from 16th to second with $570.9 million. The five largest groups held 32.24% of the market, the top ten held 51.03%, and the top twenty held 76.82% of domestic premiums. Loss ratios varied widely, from 3.75% at Starr to 73.45% at At-Bay.
Individual loss ratios can mislead because they depend on reserves, policy mix, and how recently premiums were written. Beazley’s 16.28% and Starr’s 3.75% reflect favorable results in that year, not guaranteed future performance. Berkshire Hathaway had the highest loss ratio in the top twenty at 88.03%.
Cyber Insurance Loss Ratio and Claims 2026: Why Insurers Paid More
Cyber Loss Ratio by Policy Type, 2025 (each █ = 2)
Primary ████████████████████████████▌ 57%
Industry overall ██████████████████████████▌ 53%
Excess ██████████████████████████ 52%
| Measure | Result |
|---|---|
| Industry loss ratio, 2024 | 48.7% |
| Industry loss ratio, 2025 | 53% |
| Primary loss and defense cost ratio, 2025 | 57% |
| Excess loss ratio, 2025 | 52% |
| Reported claims, 2025 | 56,323 (up 20%) |
| Rate trend, Q1 2026 | Eighth straight quarterly decline |
Source: NAIC 2026 Report on the Cybersecurity Insurance Market, via Insurance Journal, Claims Journal, and AgencyEquity (October 2026).
The industry loss ratio rose to 53% from 48.7%, the highest since the pandemic-era ransomware surge, according to trade coverage. Insurers reported 56,323 claims in 2025, up 20%. Rates kept falling, with the first quarter of 2026 marking the eighth straight quarterly decline. Lower prices and higher claims squeeze margins.
A 53% loss ratio still leaves room before expenses. Aon calls it a level that leaves 47% of premium for expenses and profit. But the trend matters more than the level. Two straight yearly increases, plus falling rates, mean underwriting profit is shrinking. The NAIC said claim frequency fell for large and medium firms while severity rose.
Cyber Claim Severity by Business Size 2026: Large, Middle-Market and Small Firms
Average Claim Severity, Thousands of Dollars (each █ = 200)
Large (revenue $1 billion or more) ██████████████████████ $4400K
Middle market ███▌ $759K
Small and mid-sized ▌ $142K
| Segment | 2025 Severity | Prior Severity | Claims per 100 Policies |
|---|---|---|---|
| Large businesses | $4.4 million | $2.2 million (2024) | 10, down from 15 |
| Middle market | $759,000 | $619,000 (2024) | Just over 5, down from about 6 |
| Small and mid-sized | $142,000 | $215,000 | Not reported here |
Source: Chubb 2026 Cyber Claims Report, as cited in the NAIC 2026 report and Beinsure (October 28, 2026).
Large-business severity doubled to about $4.4 million, up 586% since 2021. Business interruption costs, data breach costs, and privacy litigation drove the increase. Middle-market severity rose 22.6% to $759,000. Small and mid-sized firms improved, with severity falling about 34% from $215,000 to $142,000.
Frequency fell where severity rose. Large businesses filed about 10 claims per 100 policies, down from 15. Middle-market firms filed just over 5, down from about 6. Better underwriting and security controls may be stopping minor incidents from becoming claims. Major incidents at large firms, however, now cost far more.
Ransomware Claims in US Cyber Insurance 2026: Demands, Payments and Costs
FBI Ransomware Complaints by Year (each █ = 100)
2023 ████████████████████████████ 2825
2024 ███████████████████████████████▌ 3156
2025 ████████████████████████████████████ 3611
| Ransomware Measure | Result |
|---|---|
| Initial ransom demand, Coalition policyholders | Above $1 million, up 47% |
| Businesses that refused to pay | 86% |
| Average ransomware claim severity | $269,000 |
| All-claim average severity, Coalition | $116,000, down 19% |
| Claim frequency, Coalition | Up 3% |
| FBI ransomware complaints, 2025 | 3,611 |
| FBI reported ransomware losses, 2025 | $32.32 million, up 159% |
Source: Coalition 2026 Cyber Claims Report, via Beinsure; FBI Internet Crime Complaint Center 2025 Annual Report.
Ransomware remains the costliest claim type, at $269,000 on average, compared with $116,000 across all claims. Coalition reports initial demands rose 47% to over $1 million, but 86% of victims refused to pay. Coalition’s data covers more than 100,000 policyholders in five countries, so it is not purely US.
The FBI received 3,611 ransomware complaints in 2025, up from 3,156 in 2024 and 2,825 in 2023. Reported losses rose 159% to $32.32 million. The FBI warns that many victims report no loss amount, so the figure is artificially low. It also excludes business interruption and remediation costs.
Business Losses From Cybercrime in the US 2026: FBI Internet Crime Data
FBI-Reported Cybercrime Losses, Billions of Dollars (each █ = 1)
2021 ██████▌ $6.9B
2022 ██████████ $10.3B
2023 ████████████▌ $12.5B
2024 ████████████████▌ $16.6B
2025 ████████████████████▌ $20.877B
| Measure | 2025 Figure |
|---|---|
| Total reported losses | $20.877 billion |
| Total complaints | 1,008,597 |
| Investment fraud losses | $8.65 billion |
| Business email compromise losses | $3.05 billion (24,768 complaints) |
| Tech support scam losses | $2.13 billion |
| AI-related complaints | 22,364, with $893 million in losses |
Source: FBI Internet Crime Complaint Center, 2025 Annual Report (April 2026).
Reported losses reached $20.877 billion, up 26% from $16.6 billion in 2024. Complaints topped one million for the first time. Investment fraud led at $8.65 billion, followed by business email compromise at $3.05 billion and tech support scams at $2.13 billion.
Many of these losses may fall outside standard cyber policies. Investment fraud against individuals is not business interruption cover. Business email compromise and funds transfer fraud may trigger separate sublimits. The FBI counts only reported complaints, so true losses are higher. AI-related complaints added $893 million.
Cyber Insurance Pricing and Coverage 2026: Rates, Capacity and the Protection Gap
Marsh Rate Change, Q3 2026 (each █ = 1)
Global cyber ◄◄◄◄ -4%
US cyber 0%
US composite ◄ -1%
Global composite ◄◄◄◄◄ -5%
| Measure | Q3 2026 Result |
|---|---|
| Global cyber rates | Down 4%, thirteenth straight quarterly decline |
| US cyber rates | Flat after an extended period of declines |
| US composite rate | Down 1% |
| Global composite rate | Down 5%, ninth straight quarterly decline |
| Global cyber premiums, 2025 | More than $16 billion |
| Share of global cyber losses insured | About 1% |
Source: Marsh Global Insurance Market Index, Q3 2026; NAIC and AM Best via Beinsure and Cyber Insurance News.
Marsh reports global cyber rates fell 4% in the third quarter of 2026, the thirteenth straight decline. US cyber rates were flat. New entrants and added capacity let buyers broaden coverage and lower retentions. Marsh’s index skews toward large accounts, so small-business pricing may differ.
Coverage still trails losses. The NAIC study found insurance covers only about 1% of global economic cyber losses. Endorsement growth raised policy counts by a third, but those policies carry small limits. AM Best notes ransomware, business email compromise, systemic risk, and AI-enabled attacks remain concerns, so rate declines may not last.
Cyber Insurance Outlook 2026: Premium Forecast and Risk Drivers for US Insurers
Global Cyber Insurance Premiums, Billions of Dollars (each █ = 0.5)
2025 ████████████████████████████████ $16.0B
2026 forecast ████████████████████████████████▌ $16.4B
| Outlook Item | Detail |
|---|---|
| Global premiums, 2025 | More than $16 billion |
| Global premiums, 2026 forecast | $16.4 billion |
| AM Best outlook | Stable for the global cyber segment |
| Growth markets | Europe, Latin America, and developed Asia |
| Main risks | Ransomware, business email compromise, systemic accumulation, AI-enabled attacks |
Source: AM Best July 2026 market outlook and Beinsure Global Cyber Insurance Market 2026; Marsh and Aon commentary.
AM Best kept a stable outlook for the global cyber segment, citing steady demand, favorable intermediate-term profitability, stronger security practices, and reinsurance and alternative capital inflows. Global premiums are forecast to reach $16.4 billion in 2026, only 2.5% above 2025. That is slower growth than the 22% annual pace of domestic US premiums from 2020.
Risks remain. Systemic accumulation, geopolitical tension, and AI-enabled attacks worry underwriters. Marsh and Aon both list AI use, vendor dependencies, privacy, and ransomware as active underwriting concerns. Insurers are reviewing policy wording on autonomous AI agents. A large event hitting many insureds at once could end the current soft market quickly.
Cyber Insurance in US 2026 – FAQs
How Big Is the US Cyber Insurance Market in 2026?
The NAIC reports $9.46 billion in direct written premiums for 2025, up 3.5% from $9.14 billion in 2024. Domestic insurers wrote $7.46 billion.
How Much Did US Cyber Insurance Premiums Grow in 2025?
Total premiums grew 3.5%. Premiums had fallen 7.1% in 2024, the first decline on record.
What Is the Cyber Insurance Loss Ratio in 2026?
The industry loss ratio was 53% in 2025, up from 48.7% in 2024. Primary policies ran 57% and excess policies 52%.
How Many Cyber Insurance Claims Were Filed in 2025?
Insurers reported 56,323 claims in 2025, up 20% from 2024, according to the NAIC.
Which Company Is the Largest US Cyber Insurer?
Chubb, with $629.2 million in premiums and an 8.44% market share. Beazley ranked second with $570.9 million.
What Is the Average Cyber Insurance Claim for Large Businesses?
About $4.4 million in 2025 for businesses with at least $1 billion in revenue, double 2024, according to Chubb data cited by the NAIC.
What Is the Average Ransomware Claim in 2026?
Coalition reports $269,000 on average. Initial demands exceeded $1 million, and 86% of victims refused to pay.
How Much Did Cybercrime Cost the US in 2025?
The FBI recorded $20.877 billion in reported losses across 1,008,597 complaints, up 26% from 2024.
Are Cyber Insurance Rates Going Up or Down in 2026?
Global cyber rates fell 4% in the third quarter of 2026, the thirteenth straight decline. US cyber rates were flat, according to Marsh.
Why Are Most Cyber Policies Endorsements?
Endorsements make up about 63% of policies in force but only 4% of premiums. Insurers add small cyber limits to other commercial policies.
How Many Cyber Policies Are in Force in the US?
Domestic insurers reported about 5.84 million policies in force in 2025, up 33%, according to a summary of the NAIC report.
How Much Did Cybercrime Losses Rise in 2025?
FBI-reported losses rose 26% to $20.877 billion from $16.6 billion in 2024. Complaints topped one million for the first time.
How Many Ransomware Complaints Did the FBI Receive in 2025?
The FBI received 3,611 ransomware complaints in 2025, up from 3,156 in 2024 and 2,825 in 2023. Reported losses were $32.32 million.
What Share of Cyber Losses Does Insurance Cover?
The NAIC study found insurance covers only about 1% of global economic cyber losses, according to trade coverage of the report.
Where Can I Find Official Cyber Insurance Data for 2026?
The NAIC publishes its annual Report on the Cybersecurity Insurance Market. The FBI Internet Crime Complaint Center publishes yearly crime data.
Disclaimer: The data research report we present here is based on information found from various sources. We are not liable for any financial loss, errors, or damages of any kind that may result from the use of the information herein. We acknowledge that though we try to report accurately, we cannot verify the absolute facts of everything that has been represented.
