Majority of cyber insurers say risk to increase ‘slightly’
- October 30, 2025
- Posted by: Web workers
- Category: Finance
More than half the respondents, 58%, in Woodruff Sawyer & Co.’s annual survey of cyber insurers said cyber risk will increase “slightly” in 2025, according to a report Monday.
This was up from 44% in 2024 but down from 74% in 2023.
Just over a third, 37%, said cyber risk will increase “greatly” in 2025, down from 56% in 2024 but up from 26% in 2023, according to the report from the San Francisco-based brokerage.
The report also showed cyber renewals becoming less costly over the past few years, with 66% of renewals in the second half of 2024 seeing decreases, almost even with 64% in second-half 2023 but up massively from 24% in second-half 2022 and just 5% in second-half 2021.
Likewise, only 25% of renewals in second-half 2024 were at an increase, similar to the 31% in second-half 2023 but again far lower than the 75% in second-half 2022 and the 91% in second-half 2001.
“Pricing in the cyber insurance market has continued to fall from the peak prices of early 2022; however, the pace of decreases slowed in 2024 compared to 2023,” the report said.
Technology supply-chain attacks, artificial intelligence risk, and privacy concerns are among the chief exposures driving cyber risk in 2025, according to the report.
