Kathmandu. The Munich Relay expects the global market size of cyber insurance to double by 2030.
According to Munich Rica, the total cyber insurance business in the world is estimated to be worth $ 16.3 billion in 2025. This trade is expected to increase to $ 32.4 billion by 2030. In 2024, there was a $15.3 billion cyber insurance business.
By 2027, Europe will account for 24 percent of the cyber insurance market and Asian÷Ocyania will account for 8 percent.
North America is projected to account for 69 percent of the world’s cyber insurance trade. North America alone is estimated to have a $10.6 billion cyber insurance business.
Europe is estimated to have $3.3 billion (21 per cent) in the global trade in cyber insurance. This growth is expected to be 26 percent annually compared to 2024.
The demand for cyber insurance in big business organizations is very high. However, the demand for cyber insurance from small and medium business establishments has slowed down. According to munich relay, the demand for cyber insurance in small and medium enterprises has been low due to lack of awareness and risk awareness.
In 2024, traffic, educational institutions and retail businesses appear to have been severely affected by cyber attacks. In a recent Munich Relay global survey, 87 per cent of respondents said their organisations were slow to sell through cyber hamal.
Munich Relay analyzed the need to raise awareness about the need and rationale of cyber insurance to compensate for the damage caused by increasing cyber attacks and technical shutdowns. The development of the cyber insurance market depends on improved risk modeling of the reinsurance sector and providing static capabilities. – Agency
