Top Cybersecurity Insurance Companies

The global cybersecurity insurance market will grow from USD 16.54 billion in 2025 to USD 32.19 billion by 2030 at a compounded annual growth rate (CAGR) of 14.2% during the forecast period. The cybersecurity insurance market is being driven by a surge in cyberattacks, particularly ransomware and data breaches, which are prompting organizations to seek financial protection. Regulatory pressures such as GDPR, NIS2, and national cybersecurity mandates are also compelling businesses to adopt cyber insurance as a compliance tool. As digital transformation accelerates with the widespread adoption of cloud, IoT, and remote work, the attack surface has expanded significantly, increasing exposure to cyber threats.

To know about the assumptions considered for the study download the pdf brochure

Top Cybersecurity Insurance Companies include

• BitSight (US)
• Mitratech (US)
• RedSeal (US)
• SecurityScorecard (US)
• UpGuard (US)

These players can focus on creating new alliances and relationships. Major firms have used various tactics to increase their market domination, including partnerships, contracts, mergers and acquisitions, and introducing new products.

In June 2025, Bitsight collaborated with Microsoft to provide clear, deep, and dark web threat intelligence for Microsoft Security Copilot’s newly launched Threat Intelligence Briefing Agent. The integration with BitSight’s embedded generative AI, designed to simplify complex cyber risk data, enhances the output of Microsoft’s Threat Intelligence Briefing Agent.

In April 2025, SecurityScorecard announced a strategic partnership with Willis (a WTW business), a leading global advisory, broking, and solutions company. Building on a long-standing relationship, this collaboration aims to enhance cyber risk quantification, improve insurance modeling, and strengthen enterprise security strategies for organizations worldwide.

BitSight

BitSight is a leading cybersecurity risk ratings and analytics company headquartered in Boston, Massachusetts. Founded in 2011, BitSight pioneered the concept of security ratings, offering organizations a data-driven, external view of their cybersecurity posture similar to a credit score, with ratings ranging from 250 to 900. Its platform continuously analyzes massive volumes of global threat intelligence over 400 billion events daily to assess risk indicators such as botnet activity, malware infections, misconfigurations, and third-party vulnerabilities. Serving over 3,300 customers across 70+ countries, including Fortune 500 companies, top investment banks, and government agencies, BitSight supports use cases in third-party risk management, cyber insurance, regulatory compliance, and security performance monitoring. The company is backed by major investors, and BitSight has expanded its capabilities through acquisitions such as Cybersixgill. Recognized as a market leader, BitSight plays a crucial role in quantifying cyber risk and enabling informed decision-making across the enterprise ecosystem.

Mitratech

Mitratech is a leading global provider of enterprise legal management, risk and compliance, and human resources compliance software. Headquartered in Austin, Texas, the company serves over 20,000 organizations across over 160 countries, including nearly one-third of the Fortune 500. Mitratech’s platform integrates AI-powered tools to streamline legal operations, manage risk and policy, and support HR compliance. The company is recognized for delivering significant ROI through automation, centralized compliance management, and a customer-first approach across heavily regulated industries. Mitratech plays a strategic role in the cybersecurity insurance market by offering advanced third-party risk management and compliance solutions that align with insurers' evolving requirements. Through platforms such as Prevalent and integrations with tools such as Black Kite, Mitratech enables continuous cyber risk monitoring, quantifies cyber threats in financial terms, and supports regulatory compliance across frameworks such as NIST and ISO 27001. These capabilities help insurers enhance underwriting precision, support risk-based pricing, and streamline claims validation. As cybersecurity insurance grows rapidly, driven by increasing regulatory pressure and rising breach costs, Mitratech’s solutions empower both carriers and policyholders to proactively manage cyber exposure and meet insurer prerequisites, making it a vital enabler in the cyber insurance ecosystem.

RedSeal

RedSeal supports the cybersecurity insurance market by providing advanced network modeling, continuous risk scoring, and cyber risk quantification. Its platform helps organizations and insurers visualize complex network environments, identify security gaps, and evaluate overall cyber resilience. By offering insights into security posture and compliance readiness, RedSeal enables insurers to make informed underwriting decisions and supports policyholders in reducing premiums through proactive risk mitigation.

SecurityScorecard

SecurityScorecard plays a key role in the cybersecurity insurance ecosystem with its industry-leading security ratings platform. It evaluates organizations across multiple risk factors—such as network security, DNS health, patching cadence, and endpoint security—providing insurers with objective, real-time assessments of cyber risk. These insights help insurers assess policyholder risk, streamline underwriting processes, and encourage continuous security improvements through score-driven incentives.

UpGuard

UpGuard enhances cyber insurance underwriting and risk management through its third-party risk and attack surface monitoring solutions. The platform offers continuous visibility into vulnerabilities across internal and vendor ecosystems, enabling insurers and insured entities to identify weak points that may lead to breaches. By improving risk transparency and supporting regulatory compliance, UpGuard helps insurers assess exposure more accurately and drives proactive security measures among policyholders.

Market Ranking:

The cybersecurity insurance market is consolidated, with Chubb, AXA XL, Travelers, AIG, and Beazley collectively commanding 20-30% of the total market share. Chubb stands as a market leader due to its broad risk coverage, strong claims handling, and global underwriting capabilities. AXA XL holds a solid position, leveraging its reinsurance strength and advanced cyber analytics to serve large-scale clients and partners. Travelers Group is particularly recognized for its competitive pricing and wide distribution network catering to small and mid-sized enterprises. American International Group (AIG), with its early entry into the cyber insurance space, continues to be a top-tier player known for customizable policies and a comprehensive suite of cyber risk services under its CyberEdge offering. Beazley USA Insurance Group, although more niche-focused, is highly regarded for its specialist expertise and claims response services, particularly through its flagship Beazley Breach Response (BBR) product. Collectively, these companies shape the competitive landscape of the cybersecurity insurance market through a mix of scale, specialization, and service excellence.

Related Reports:

Cybersecurity Insurance Market by Offering (Solutions, Services), Insurance Coverage (Data Breach, Cyber Liability), Insurance Type (Packaged, Standalone), Provider Type (Technology Providers, Insurance Providers) - Global Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103,
Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com