2026-09-03 · Source: Biztoc.com (API)
Summary in 3 Points • The global cyber insurance market was valued at nearly $15 billion last year • Munich Re predicts the market will grow to approximately $28 billion by 2030 • Aon forecasts that 20% of cyberattacks will involve generative AI by 2027 --- The global cyber insurance market was valued at nearly $15 billion last year, according to a report by Munich Re. The report projects significant growth, with the market expected to reach approximately $28 billion by 2030. Additionally, Aon has forecasted that by 2027, nearly 20% of cyberattacks will involve the use of generative AI, highlighting the evolving nature of cyber threats.
The projected growth in the cyber insurance market could present new opportunities for London Market insurers to expand their cyber offerings. As the prevalence of generative AI in cyberattacks increases, underwriters may need to reassess risk models and policy wordings to address these emerging threats. This evolution in cyber risk could also influence pricing strategies and claims management processes. London Market insurers may consider investing in AI-driven tools to better predict and mitigate these risks.