CYBER PREMIUMS

Cyber premiums barometer

How cyber insurance pricing moves, quarter by quarter and region by region, from open sources.

Data as of November 1, 2026

Global cyber pricing, Q3 2026

-4%

Thirteenth quarter of decline, same pace as Q2 2026

US cyber pricing, Q3 2026

Flat after a long run of declines

US cyber premiums, 2025

$9.46B

+3.5% on 2024, including alien surplus lines insurers

US cyber loss ratio, 2025

53%

Up from 48.7% in 2024

French cyber premiums, 2025

€306M

−3% on 2024, third year of decline

Global cyber pricing change by quarter

Percentage change in renewal pricing against a year earlier. Source: Marsh Global Insurance Market Index.

Q3 2026 against Q2 2026. Where Marsh gives no prior-quarter figure, only Q3 is shown.

Price declines are slowing: from −7% in Q4 2025 to −4% in Q2 and Q3 2026.
The United States is flat at 0%, while other regions stay between −6% and −11%. The gap between the US and the rest is widening.
The US loss ratio rose to 53% in 2025, from 48.7% in 2024, after a long run of price declines. Editorial reading: technical margins are narrowing, which may explain why US prices stopped falling.
In France premiums fell to €306 million while insured companies rose from 14,124 to 20,996: more buyers, a lower average premium.

Figures are reported as the sources publish them, with no editorial estimates.
Marsh changes measure renewal pricing, not premium volume. NAIC and AMRAE figures are annual volumes and do not add up with the quarterly indices.
Next update: after the Q4 2026 Global Insurance Market Index, expected between late January and February 2027.

The data as a table