Cyber insurance covers only 1% of global cyber losses, DeNexus says
XLF•Cyber insurance covered only 1% of global economic cyber losses, while global premiums reached $15.3 billion in 2024, double their 2020 level.
1. Coverage remains limited
A June 2026 BIS and IAIS paper said cyber insurance covers only 1% of global economic cyber losses. Global cyber premiums reached $15.3 billion in 2024, but remained below 1% of property and casualty premiums; estimated annual cyber losses range from $1 trillion to more than $10 trillion.
