€65 million
Cybersecurity Insurance Market Size
Projected market value in Cyprus for 2026
12,400
Number of Cybersecurity Insurance Policies
Total policies issued across Cyprus in 2026
€420,000
Average Policy Coverage Limit
Average coverage per cybersecurity insurance policy in 2026
2,150
Cybersecurity Incidents Covered
Number of incidents covered by policies in 2026
22%
Cybersecurity Insurance Penetration Rate
Percentage of Cypriot businesses with cybersecurity insurance in 2026
The rise in cybersecurity incidents covered, totaling over 2,150 cases, underscores the escalating cyber threats faced by Cypriot organizations. The penetration rate of 22% suggests significant room for growth as more businesses recognize the importance of cyber risk management. Enhanced regulations and digital transformation initiatives are likely to drive further adoption of cybersecurity insurance in the country.
Frequently Asked Questions
What is driving the growth of cybersecurity insurance in Cyprus?
Increased cyber threats, digital transformation, and regulatory requirements are prompting more Cypriot businesses to seek cybersecurity insurance.
Which sectors are most insured against cyber risks in Cyprus?
Financial services, healthcare, and retail sectors are the leading adopters of cybersecurity insurance in Cyprus.
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.