Business TREND. Growth in Cyber Security Insurance. By the Numbers

For the U.S. market of cyber secuity insurance policies in 2017:

  • 32% growth in direct premiums written in year over year growth
  • $1.8 billion,
  • 2.6 million policies in force, a 24% increase
  •  claims increased to 9,017 from 5,955
  • 56.3% of the claims by packaged policies
  • 43.7% of claims by standalone policies  

Insurance Journal | U.S. Cyber Market Grew 32% in 2017 But Most Small-Medium Firms Opted Out: A.M. Best