Cybersecurity Insurance Statistics in Libya (2026)

Libya's cybersecurity insurance market is gradually expanding, with a penetration rate of 12% in 2026. The total market value has reached approximately $45 million, reflecting increased awareness of cyber risks among businesses. The average policy premium stands at $2,500, with nearly 1,800 policies sold this year. Cyberattack incidents reported remain significant, emphasizing the need for enhanced cybersecurity measures and insurance coverage.

Despite the growth, Libya's cybersecurity insurance adoption remains modest compared to regional averages, due to infrastructure challenges and limited digital maturity. However, as cyber threats escalate, more Libyan enterprises are expected to invest in insurance solutions. Continued government support and awareness campaigns could further boost market penetration, helping mitigate financial losses from cyber incidents in the country.