By 2026, Grenada's cybersecurity insurance market has shown steady growth, with premiums reaching USD 2.4 million. As digital adoption increases, more local businesses recognize the importance of protecting themselves against cyber threats, leading to higher insurance uptake. The average policy value has also risen, indicating more comprehensive coverage options tailored to Grenadian enterprises.
Despite the growth, cyber incidents continue to pose risks, with 150 breaches reported among insured companies. The market's expansion is driven by government initiatives and increased cyber awareness among businesses. The 12% annual growth rate suggests a resilient and evolving cybersecurity landscape, emphasizing the need for continued investment and policy development in Grenada.