Procurement Market Intelligence Report
Cybersecurity Insurance
Sourcing Guide & Market Intelligence
Smarter cost management starts with comprehensive market intelligence
United States
Global
Quick Navigation
Cybersecurity Insurance Global Overview
Definition
Summary
Cybersecurity insurance mitigates buyers' financial losses from incidents that threaten their information technology (IT) infrastructures, including data breaches and computer hacking. Companies that maintain a large bank of user information, such as retailers, healthcare providers and data hosting providers commonly procure these insurance policies. Vendors include direct insurance providers and brokers.
This Report Includes:
- First-Party Coverage
- Third-Party Coverage
- Comprehensive (First-Party and Third-Party) Coverage
Not in this Report:
- Professional Liability Insurance (Errors & Omissions Insurance)
- Director & Officers Insurance
Global Cybersecurity Insurance Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 China | 4,225 |
| #2 United States | 3,000 |
| #3 Europe | 2,805 |
Explore supplier concentration across the globe
We've uncovered the 11 top regions for global procurement, based on feedback from our most strategic clients. Access vendor counts for each unique region when you subscribe.
2
Geography Drilldown - US
Average Cost of Cybersecurity Insurance
United States
2026 Market Pricing$1,200.00 to $X,XXX.XX
per year per $1 million in coverageAverage Price
Prices in the Cybersecurity Insurance market range from $1,200.00 to $X,XXX.XX, depending on Level of Coverage, Annual Coverage Limit, IT Network Complexity and Buyer Industry. For example, lower prices are associated with First-Party Coverage and Third-Party Coverage, whereas higher prices are associated with Comprehensive (First-Party and Third-Party) Coverage.
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Cybersecurity Insurance Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Cybersecurity Insurance market, prices in the US have grown 18.2% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
Wondering where prices are heading?
Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Cybersecurity Insurance
Total cost of ownership is Medium in the Cybersecurity Insurance market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs.
Billed During
Security
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -2.4 in the United States. Buyer power is most positively impacted by Availability of Substitutes. It is most negatively impacted by Price Driver Volatility. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Low, which has a positive impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Office Supply Stores
- Computer & Packaged Software Wholesalers
- Reinsurance Carriers
- Portfolio Management Firms
- IT Consultants
2nd
Tier Suppliers
- Art & Office Supply Manufacturers
- Computer Manufacturers
- Insurance Brokers & Agencies
- Securities Brokerages
- Business Analytics & Enterprise Software Publishers
Biggest Cybersecurity Insurance Suppliers in the US by Revenue
The largest Cybersecurity Insurance vendors by revenue in the US are AXA AS, CNAFinancial Corp and Aon Plc. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Chubb Limited | Global | ZURICH | >10,000 | 10-15 | ||||
| AXA AS | NEW YORK, NY | 1,001-10,000 | 10-15 | |||||
| Travelers Companies, inc. | SAINT PAUL, MN | >10,000 | 5-10 | |||||
| American International Group, Inc. | Global | NEW YORK, NY | >10,000 | 5-10 | ||||
| Beazley Group Limited | Global | London, UK | 1,001-10,000 | 5-10 | ||||
| Tokio Marine Holdings, Inc. | Global | Tokyo, JP | >10,001 | < 5 | ||||
| Berkshire Hathaway Inc. | Global | Omaha, NE | >10,000 | < 5 | ||||
| Zurich Insurance Group Ltd. | Global | Zurich, CH | >10,001 | < 5 | ||||
| The Hartford Financial Services Group, Inc. | National | HARTFORD | >10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Cybersecurity Insurance market is 15.7% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Overhead. The cost trend for this component is stagnating, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
The low level of supply chain risk boosts buyer power because there is a low probability that suppliers will have to raise prices in response to shortages of input goods. The provision of cybersecurity insurance does not require a large amount of physical inputs.
Low vendor financial risk benefits buyers by reducing the risk of supplier bankruptcy, which could leave buyers exposed to the liabilities which insurers are supposed to protect them from.
Moderate market share concentration undermines buyer power to some degree because buyers have fewer options to use as leverage in negotiations.
The United States is a net importer of computers, importing more than it exports. However, this does not directly affect buyers as computers are purchased by insurers and only purchased once every few years.
Supplier Information
AXA AS
AXA AS is a public company operating in the finance and insurance sector. The company's offerings include marine insurance, professional indemnity insurance, group travel insurance, life insurance, directors & officers liability insurance. The company is currently headquartered in NEW YORK, New York, United... Subscribe to learn more
Chubb Limited
Chubb Limited is a public company operating globally in the finance and insurance sector. The company's offerings include building & contents insurance, insurance claims processing services and cybersecurity insurance. Founded in 1882, the company is currently headquartered in ZURICH with an estimated 34000... Subscribe to learn more
American International Group, Inc.
American International Group, Inc. is a public company operating globally in the finance and insurance sector. The company's offerings include product warranty insurance, building & contents insurance, commercial auto & truck insurance, cargo insurance, marine insurance. Founded in 1919, the company is currently... Subscribe to learn more
Beazley Group Limited
Beazley Group Limited is a public company operating globally in the finance & insurance sector. The company's offerings include cybersecurity insurance. Founded in 1986, the company is currently headquartered in London, United Kingdom with an estimated 5500 employees. Subscribe to learn more
Travelers Companies, inc.
Travelers Companies, inc. is a public company operating in the finance and insurance sector. The company's offerings include cybersecurity insurance. Founded in 1900, the company is currently headquartered in SAINT PAUL, Minnesota, United States of America with an estimated 32500 employees. Subscribe to learn more
Allied World Assurance Company Holdings, Ltd
Allied World Assurance Company Holdings, Ltd is a private company operating globally in the finance & insurance sector. The company's offerings include cybersecurity insurance. Founded in 2001, the company is currently headquartered in Pembroke, Bermuda, United Kingdom with an estimated 5500 employees. Subscribe to learn more
Aon Plc
Aon plc is engaged in the marketing and servicing of a range of management and financial services spanning risk managementm insurance and reinsurance brokerage, and human resource consulting and outsourcing. Its business is divided into two segments: Risk Solutions (risk management through insurance advisory,... Subscribe to learn more
AXIS Capital Holdings Limited
AXIS Capital Holdings Limited is a Global operator providing Cybersecurity Insurance from their headquarters in Pembroke, BM. This operator has a staff size of about 1,001-10,000 employees. According to ProcurementIQ estimates, AXIS Capital Holdings Limited holds < 5% of market share... Subscribe to learn more
Berkshire Hathaway Inc.
Berkshire Hathaway Inc. is a public company operating globally in the utilities, manufacturing and finance and insurance sectors. The company's offerings include truck trailers, natural gas, commercial auto & truck insurance, professional indemnity insurance, group travel insurance. Founded in 1929, the company... Subscribe to learn more
Accelerate the vendor selection process
Get a clear picture of the competition in a market and discover which vendors are best-suited for your sourcing needs. Our supplier profiles include hard-to-find financial ranges for private companies, cover public company data and feature an interactive competitor matrix.
Procurement Management KPIs for the Cybersecurity Insurance Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Response Time and Claims Settlement Cycle Time. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Security and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Response Time |
|
Number of Queries Cumulative Response Time |
The average response time measures how quickly support staff respond to queries from the client. Responsive customer service is important because clients will often have questions about their policies. |
| Claims Settlement Cycle Time |
|
Number of Claims Settled Cumulative Response Time |
The claims settlement cycle time refers to the average amount of time it takes for an insurer to settle a claim once it has been filed. The claims settlement cycle time matters because the insured will need money urgently in the event of a large-scale cyberattack. |
|
|||
Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Competition
How does your insurance coverage differ from competitors?
What overhauls to your business model, if any, might you make as competition in the market increases?
Value-Added Services
What types of discounts do you offer for bundled services?
What policies do you recommend for a buyer in my market?
Efficiency
What is your process for responding to claims requests?
On average, how long does it take for a client to receive a payout following a claims request?
The ultimate prep for procurement negotations
View all 26 negotiation questions for this category when you subscribe.
Cybersecurity Insurance RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe their business operations, including the sector they operate in, the number of workers they employ and the number of establishments they operate.
Buyers should highlight the locations of their operations, particularly in relation to their IT infrastructure.
Statement Of Need
Buyers should explain the various data systems they have in place and what kind of information they possess that could be vulnerable to cyberattacks.
Buyers need to describe the scope of coverage they wish to buy, specifically regarding first-party and third-party liability.
Project Budget
Buyers should state the desired deductible levels and coverage limit, if available.
Buyers should indicate their preferred method and frequency of payment.
The RFP process made easy
Find out how you can access RFP templates for 800+ procurement categories to start writing better, more consistent RFPs.
We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
