US Cyber Market Update – 2017 Profits and Performance


The 2017 US Cyber Insurance Profits and Performance report reveals that, in an ‘unprecedented year’ for ransomware attacks, the US cyber insurance market continued to grow, with a total of 170 US insurers reporting writing cyber insurance – compared to 140 in 2016, and 119 in 2015.

The study shows that cyber remained a profitable line of business, as industry loss ratios decreased in 2017 – from 47.6 percent to 32.4 percent, mostly due to a reduction in severity.  The US cyber market is still relatively concentrated, but new entrants are beginning to have a dilutive effect; in 2017, the top 10 cyber insurers accounted for 69 percent of direct written premiums – a reduction from 73 percent in 2016.

Based on data from NAIC Statutory filings, the report does not include US business written by non-US insurers and provides an incomplete picture of US insurers that write internationally.

Featured Reports