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Cybersecurity Insurance in the US Procurement Price, Data and Insights
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.
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What’s included in this market coverage
IBISWorld's research coverage on the Cybersecurity Insurance procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Cybersecurity Insurance market in the United States includes Basic Coverage, Standard Coverage and Comprehensive Coverage. Standard coding in this coverage includes ISIC-6512-Non-life insurance, NACE-65.12-Non-Life Insurance, NAICS-524128-Other Direct Insurance (except Life, Health, and Medical) Carriers and UNSPSC-84131607-Liability insurance.
What common market terminology is included?
Common market terminology included in the Cybersecurity Insurance procurement coverage includes Data Breach (The release of secure information to an untrustworthy individual or organization, whether through an intentional cyber attack or by accident.), Cyber Attack (When an individual or organization hacks into a susceptible computer or network. Cyber attacks are malicious and intended to cause a data breach, shut down a system or something similar.), Risk Exposure (The loss an organization could potentially incur due to a cyber attack.), Computer Hacking (Illicitly modifying or altering computer software or hardware to access information.) and Ransomware (Malicious software that prevents users from accessing a computer system or files until ransom is paid online.).
What companies are included as top suppliers?
The top companies covered in the Cybersecurity Insurance procurement report as suppliers are the Hartford Financial Services Group, Inc., Tokio Marine Holdings, Inc., Zurich Insurance Group Ltd., Berkshire Hathaway Inc. and Beazley Group Limited.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Cybersecurity Insurance market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per year, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Cybersecurity Insurance market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Cybersecurity Insurance procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Cybersecurity Insurance market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Cybersecurity Insurance market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Cybersecurity Insurance?
The 2026 benchmark market price for Cybersecurity Insurance is $1800 per year. Prices have increased at a CAGR of 8.01 from 2023-26.
Who are the top vendors in the Cybersecurity Insurance market?
The top vendors in the Cybersecurity Insurance market include the Hartford Financial Services Group, Inc., Tokio Marine Holdings, Inc., Zurich Insurance Group Ltd., Berkshire Hathaway Inc. and Beazley Group Limited.
What industries supply the Cybersecurity Insurance market?
The top industries supplying the Cybersecurity Insurance market are Computer & Packaged Software Wholesaling in the US, Computer Manufacturing in the US, IT Consulting in the US, Business Analytics & Enterprise Software Publishing in the US, Office Supply Stores in the US, Art & Office Supply Manufacturing in the US, Portfolio Management & Investment Advice in the US, Custody, Asset & Securities Services in the US, Reinsurance Carriers in the US and Insurance Brokers & Agencies in the US.
What is the supply chain risk for Cybersecurity Insurance?
Low supply chain risk insulates buyers from price increases and service disruptions. Supply chain risk is low as providers of cybersecurity insurance do not depend on the supply of physical goods to provide services. The low level of supply chain risk protects buyers from price increases and service interruptions arising out of disruptions to the supply of inputs. Low supply chain risk also allows buyers to focus on service quality and pricing instead of monitoring upstream supply chains.
What factors affect the price of Cybersecurity Insurance?
Combined first-party and third-party costs more than either first-party or third-party coverage on its own because it offers a broader level of protection for both the buyer and third parties.
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