Kathmandu. The size of the global cyber insurance market is expected to reach $74 billion in the next eight years.
IMARC Services expects the global cyber insurance market to grow by an average of 17.9% year-on-year from 2025 to 2033 to reach $74 billion. The size of the global cyber insurance market stood at $14.2 billion in 2024.
Incidents such as cyber attacks and data leaks have increased the demand for cyber insurance in the world. On the other hand, regulatory provisions and data protection laws are also increasing this insurance requirement.
Companies have accelerated the use of automated tools along with the use of AI to improve work operations. They are taking the help of insurance coverage for risk management.
