45,000
Number of cybersecurity insurance policies
Bulgaria's growing digital economy
€1,200
Average cybersecurity insurance premium
Annual cost per policy for businesses
€15,000
Average claim payout
Average compensation per cyber incident
28%
Percentage of SMEs with cybersecurity insurance
Small and medium enterprises adoption rate
€54 million
Total cybersecurity insurance market value
Market size in Bulgaria
Bulgaria's cybersecurity insurance market has expanded significantly by 2026, with 45,000 policies issued, reflecting increased digitalization and cyber threat awareness among local businesses. The average premium of €1,200 indicates a rising willingness to invest in cyber risk mitigation, especially among SMEs. The total market value reaching €54 million underscores the sector's growing importance in Bulgaria's digital economy.
Despite progress, only 28% of SMEs hold cybersecurity insurance, highlighting room for growth and awareness. The average claim payout of €15,000 suggests that cyber incidents are becoming more costly, emphasizing the need for comprehensive coverage. Continued investment in cybersecurity infrastructure and insurance education could boost adoption rates further, enhancing Bulgaria's resilience against cyber threats.
Frequently Asked Questions
What factors influence cybersecurity insurance premiums in Bulgaria?
Premiums are influenced by business size, industry type, cybersecurity maturity, and previous cyber incident history.
How is Bulgaria improving its cybersecurity insurance uptake?
Through government incentives, awareness campaigns, and integrating cybersecurity best practices into business operations.
Disclaimer: All statistics presented are 2026 estimates and projections based on industry trend analysis, historical data, and publicly available research. Individual data points may vary from actual figures.