Cyber risk outpacing cyber insurance market

Cyber risk — driven by ransomware, AI-augmented attacks and digital transformation gaps — is evolving faster than cyber insurance pricing, capacity and underwriting expertise.

Analysis:

Cyber insurance is one of the fastest-growing lines with massive unmet demand. Startups that combine real-time cyber risk assessment with insurance distribution (Coalition, At-Bay, Corvus) have built billion-dollar businesses. The market is still early — most SMBs lack cyber coverage, and AI-driven threats are expanding the protection gap.