Cyber Insurance Market Growth Amid Ongoing Ransomware Threats

The global cyber insurance market is projected to grow significantly, potentially reaching $50 billion by 2030, up from $16-$20 billion in 2025. Challenges such as ransomware and supply chain risks persist, with AI expected to exacerbate these threats, according to insurance broker Gallagher. The market experienced rapid expansion from 2020 to 2022, highlighted by a peak growth of nearly 61% in 2021.