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Current Table

Cybersecurity Insurance, 2019-2023 (1)
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($000)

Year Direct premiums written (2) Annual percent change Direct losses paid Direct paid loss ratio
2019 $2,248,653 12.0% $458,796 22.7%
2020 2,774,493 23.4 951,342 38.9
2021 4,795,741 72.9 1,329,509 37.1
2022 7,237,211 50.9 1,393,199 22.1
2023 7,247,923 0.1 1,389,709 18.8

(1) Includes stand-alone policies and the cybersecurity portion of package policies. Does not include premiums from companies that cannot report premiums for cybersecurity coverage provided as part of package policies.
(2) Before reinsurance transactions.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 

Archived Tables

Cybersecurity Insurance, 2015-2018 (1)
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($000)

  Direct premiums written (2) Annual percent change Direct losses paid Direct paid loss ratio
2015 $1,003,082 NA $140,597 17.4%
2016 1,355,173 35.1% 196,344 16.6
2017 1,859,283 37.2 226,261 14.0
2018 2,008,086 8.0 393,732 21.6

(1) Includes stand-alone policies and the cybersecurity portion of package policies. Does not include premiums from companies that cannot report premiums for cybersecurity coverage provided as part of package policies.
(2) Before reinsurance transactions.

NA=Data not available.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
Cybersecurity Insurance, 2015-2019 (1)
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($000)

Year Direct premiums written (2) Annual percent change Direct losses paid Direct paid loss ratio
2015 $1,003,082 NA $140,597 17.4%
2016 1,355,173 35.1% 196,344 16.6
2017 1,859,283 37.2 226,261 14.0
2018 2,008,086 8.0 393,732 21.6
2019 2,245,755 11.8 458,385 22.7

(1) Includes stand-alone policies and the cybersecurity portion of package policies. Does not include premiums from companies that cannot report premiums for cybersecurity coverage provided as part of package policies.
(2) Before reinsurance transactions.

NA=Data not available.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
Cybersecurity Insurance, 2015-2020 (1)
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($000)

Year Direct premiums written (2) Annual percent change Direct losses paid Direct paid loss ratio
2015 $1,003,082 NA $140,597 17.4%
2016 1,355,173 35.1% 196,344 16.6
2017 1,859,283 37.2 226,261 14.0
2018 2,008,086 8.0 393,732 21.6
2019 2,248,653 12.0 458,796 22.7
2020 2,753,757 22.5 950,860 39.2

(1) Includes stand-alone policies and the cybersecurity portion of package policies. Does not include premiums from companies that cannot report premiums for cybersecurity coverage provided as part of package policies.
(2) Before reinsurance transactions.

NA=Data not available.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
Cybersecurity Insurance, 2017-2021 (1)
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($000)

Year Direct premiums written (2) Annual percent change Direct losses paid Direct paid loss ratio
2017 $1,859,283 37.2% $226,261 14.0%
2018 2,008,086 8.0 393,732 21.6
2019 2,248,653 12.0 458,796 22.7
2020 2,753,757 22.5 950,860 39.2
2021 4,827,238 75.3 1,279,211 35.5

(1) Includes stand-alone policies and the cybersecurity portion of package policies. Does not include premiums from companies that cannot report premiums for cybersecurity coverage provided as part of package policies.
(2) Before reinsurance transactions.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
Cybersecurity Insurance, 2018-2022 (1)
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($000)

Year Direct premiums written (2) Annual percent change Direct losses paid Direct paid loss ratio
2018 $2,008,086 8.0% $393,732 21.6%
2019 2,248,653 12.0 458,796 22.7
2020 2,753,757 22.5 950,860 39.2
2021 4,827,238 75.3 1,279,211 35.5
2022 7,236,725 49.9 1,393,183 22.1

(1) Includes stand-alone policies and the cybersecurity portion of package policies. Does not include premiums from companies that cannot report premiums for cybersecurity coverage provided as part of package policies.
(2) Before reinsurance transactions.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.