According to Insuramore’s global rankings, cyber insurance gross direct premiums written (GDPW) valued around $13.5 billion in 2022, rising towards $14 billion if captive insurers are also included.
The firm said in a statement that this shows that the top 20 groups for this class are likely to have accounted for 70.3% of premiums worldwide, and the top 50 for 92.3%, down from a respective 76.6% and 94.4% in 2021.
