Arthur J. Gallagher & (US:AJG) Yahoo Finance·2026-01-27 08:59Market Overview - The global cyber insurance market is projected to reach up to $50 billion by 2030, increasing from an estimated $16 billion to $20 billion in 2025 [3] - The market experienced significant growth from 2020 to 2022, with a peak year-over-year growth of nearly 61% in 2021 [3] Recent Trends - Following a period of rapid premium increases due to a complex cyber threat landscape, growth slowed to 1.62% in 2023 and contracted by 7.11% in 2024 [4] - The market remains mostly buyer-friendly, but risks from ransomware and supply chain issues persist, with artificial intelligence expected to exacerbate threats [4] Future Outlook - Insurers are anticipated to refine policy language and address AI-related exposures while focusing on risk management strategies to mitigate impacts from deepfake technology and social engineering [5] - Cyber insurance prices are expected to remain flat through at least the first half of 2026, following a stabilization after three years of market softening [7] - The healthcare sector is experiencing slightly higher cyber insurance prices due to a less competitive claims environment [7]