Cyber risk insurance in the United States

In 2020, the cyber risk insurance market generated a turnover of 4.1 billion USD in the United States. Local companies account for 67.1% of the underwritings, namely 2.75 billion USD.

This class of business has been growing rapidly with a premium growth rate of 29% in 2020. Nevertheless, its market share in the American P&C business is still low with 0.57%.

Top 20 cyber risk insurers in the United States

Rank		Group	2020 turnover	2020 loss ratio	2020 shares
2020	2019	Group	2020 turnover	2020 loss ratio	2020 shares
1	1	CHUBB LTD GRP	404 144 104	61.%	14.7%
2	2	AXA INS GRP	293 025 192	98.2%	10.6%
3	3	AMERICAN INTERNL GRP	228 424 711	100.6%	8.3%
4	4	ST PAUL TRAVELERS GRP	206 817 208	85.5%	7.5%
5	5	BEASLEY GRP	177 746 192	47.9%	6.5%
6	6	AXIS CAPITAL GRP	133 549 784	46.2%	4.8%
7	7	CNA INS GRP	119 612 168	105.7%	4.3%
8	10	FAIRFAX FINANCIAL	108 687 558	55.7%	3.9%
9	11	HARTFORD FIRE 7 CAS GRP	102 864 503	25.4%	3.7%
10	8	BCS INS GRP	86 582 699	59.1%	3.1%
11	14	TOKIO MARINE HOLDINGS INC GRP	78 160 355	51.1%	2.8%
12	12	SOMPO GRP	72 588 641	114.1%	2.6%
13	13	ZURICH INS GRP	64 430 818	40.4%	2.3%
14	9	LIBERTY MUT GRP	41 856 727	30.0%	1.5%
15	18	APOLLO GLOBAL MGMT GRP	39 338 993	29.6%	1.4%
16	15	BERKSHIRE HATHAWAY	37 366 878	25.8%	1.4%
17	19	MARKEL CORP GRP	29 736 405	38.0%	1.1%
18	28	EVEREST REIN HOL INC	28 173 404	48.0%	1.0%
19	17	CINCINATTI FNCL GRP	24 888 476	24.6%	0.9%
20	25	SWISS RE GRP	23 654 519	42.6%	0.9%

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Fri, 04/03/2022 - 11:37

Cyber risk insurance in the United States

Top 20 cyber risk insurers in the United States

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