Guinea's cybersecurity insurance market is experiencing significant growth in 2026, driven by increased cyber threats and digital transformation efforts. The number of policies has risen to over 1,250, reflecting a growing awareness among organizations of the importance of risk management. Premium collections are estimated at USD 4.3 million, indicating a strengthening market as businesses seek protection for digital assets.
Despite progress, many SMEs in Guinea remain uninsured, with only 15% holding cybersecurity coverage. The average claim payout per breach has reached USD 9,500, highlighting the financial impact of cyber incidents. The increasing number of reported breaches underscores the need for improved cybersecurity infrastructure and insurance penetration to mitigate risks effectively.