UK Cyber Insurance Market to Hit USD 2.78 Million by 2030 Amid Rising Ransomware Attacks and Stricter GDPR Compliance

United Kingdom Cyber Insurance Market Outlook 

According to Mordor Intelligence, the United Kingdom cyber insurance market is set for steady growth over the forecast period 2025–2030. Valued at USD 1.56 million in 2025, the market is expected to reach USD 2.78 million by 2030, expanding at a CAGR of 12.25%. Key drivers include an increase in ransomware attacks affecting businesses across industries, mandatory GDPR and ICO breach-notification regulations, and the growing shift toward hybrid work environments. 

UK Cyber Insurance Market Key Trends 

Rising Ransomware Threats Across UK Businesses 

Increasing ransomware attacks are driving companies to strengthen cyber policies, boosting demand for standalone coverage and more comprehensive digital risk protection. 

Stricter Data Protection and Compliance Rules 

GDPR and breach-notification regulations are motivating firms to enhance indemnity coverage, ensuring legal and penalty risks are adequately addressed. 

Hybrid Work Expands Digital Vulnerabilities 

The shift to remote and hybrid work models is increasing exposure, requiring improved endpoint security, cloud protection, and employee training. 

SMEs Embrace Accessible Cyber Insurance Platforms 

Digital brokers and embedded insurance solutions are making cyber coverage easier for small and micro businesses, increasing adoption across diverse sectors. 

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/uk-cyber-insurance-market?utm_source=Industrytoday.co.uk  

United Kingdom Cyber Insurance Market Segmentation 

By Product Type: 

• Packaged Insurance 
• Standalone Insurance 

By Enterprise Size: 

• Large Enterprises 
• Medium Enterprises 
• Small and Micro Enterprises 

By Industry Vertical: 

• BFSI (Banking, Financial Services, and Insurance) 
• IT & Telecom 
• Retail & E-commerce 
• Healthcare & Life Sciences 
• Manufacturing 
• Government & Public Sector 
• Education 

UK Cyber Insurance Market Companies 

• AIG 
• Beazley 
• Hiscox 
• Allianz 
• AXA XL 

Dominating Country 

The United Kingdom itself dominates the regional cyber insurance market. The presence of stringent GDPR and ICO compliance requirements, coupled with a high rate of digital adoption, makes the UK an attractive market for cyber insurance providers. The rise in ransomware and data breaches has prompted both large enterprises and SMEs to seek tailored coverage, driving premium growth. 

United Kingdom Cyber Insurance Market Conclusion 

The United Kingdom cyber insurance market is poised for steady growth as businesses increasingly face digital threats. Rising ransomware incidents, stricter GDPR compliance, and the shift to hybrid work are driving demand for comprehensive cyber coverage. SMEs are adopting accessible standalone policies through digital brokers, while large enterprises continue to expand their cyber risk management strategies.  

Get the latest industry insights on the United Kingdom cyber insurance market: https://www.mordorintelligence.com/industry-reports/uk-cyber-insurance-market?utm_source=Industrytoday.co.uk  

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