US cyber insurance premiums hit $9.46bn in 2025 as large-business claims double
The gist
US cyber insurance direct written premiums reached about $9.46 billion in 2025, up 3.5% from 2024.
Large firms claim less often but for far more, reshaping who carries cyber risk.
How it unfolded
- Oct 23, 2026NAIC report shows the average claim for businesses with at least $1 billion in annual revenue was $4.4 million in 2025, double the 2024 figure and up 586% since 2021. Mid-market average claims rose 23% to $759,000, while smaller firms' average claim fell from $215,000 to $142,000.
- Oct 26, 2026The Business Research Company's Cybersecurity Insurance Global Market Report 2026 projects the market to exceed $51 billion by 2030, with North America at $20 billion and Germany holding the largest country share at $2 billion.
- Oct 26, 2026Aon publishes an insight titled 'Cyber Risk is Growing Faster Than Risk Transfer', dated June 29, 2026.