Colombia's cybersecurity insurance market has seen significant growth, with over 3.2 million policies in place by 2026. The market value has risen to USD 1.45 billion, reflecting increased awareness and digital adoption among businesses. Small and medium enterprises are particularly investing in cybersecurity, with average premiums around USD 850, indicating a maturing market that prioritizes digital safety.
The rise in cybersecurity incidents, totaling approximately 15,300 reports annually, underscores the need for robust cybersecurity measures. The percentage of companies with insurance coverage has grown to 65%, up from 50% in 2023, showing a strengthening cybersecurity culture. As Colombia continues its digital expansion, the focus on cybersecurity resilience is expected to intensify, encouraging further policy adoption and technological investments.