Swiss Re reported that cyber insurance rates fell about 5% in 2026, representing the fourth consecutive year of price reductions. The reinsurer noted that global rates had dropped roughly 13% in 2025, creating a buyers’ market where supply exceeds demand despite increasing ransomware, geopolitical tensions and artificial intelligence (AI) threats. In the United States, prices have stabilised as carriers respond to profitability pressures, while Europe continues to experience sharper rate declines driven by strong price competition.
AI is reshaping the cyber‑risk landscape by enabling criminals to identify vulnerabilities, automate attacks and launch sophisticated phishing campaigns, while also improving threat detection and incident response for companies. Swiss Re said AI‑related claims remain limited, but insurers must monitor technological, regulatory and loss developments and ensure policy coverage is clear.
Swiss Re projects global cyber‑insurance premiums to reach $16.4 billion in 2026 and $17.1 billion in 2027, reflecting a steady 5% compound annual growth rate since 2022, although lower prices are slowing expansion. North America represents the largest market, accounting for about two‑thirds of global premiums at $10.7 billion in 2026. Europe accounts for 21% of the market, equivalent to $3.42 billion in 2026, as insurers and cyber‑MGAs expand through regional partnerships.