1.2 million
Number of cybersecurity insurance policies
Number of policies in Norway in 2026
€950
Average cybersecurity insurance premium
Average annual premium per policy in Norway
€1.14 billion
Total cybersecurity insurance market value
Total market value in Norway in 2026
72%
Percentage of businesses with cybersecurity insurance
Proportion of Norwegian businesses insured against cyber risks
€24,500
Average claim payout for cyber incidents
Average payout per claim in 2026
Norway's cybersecurity insurance market has expanded significantly, with over 1.2 million policies in 2026. The average premium has increased slightly, reflecting higher cyber threat levels and better coverage options. Larger enterprises tend to have comprehensive policies, reducing overall risk exposure for insurers. The growing market indicates increased awareness among Norwegian businesses about cyber risks and the importance of protective measures.
Cyber threats continue to evolve, leading to a rise in cyberattack incidents and claims. The average payout has increased to €24,500, emphasizing the need for robust cybersecurity strategies. As digital transformation accelerates, Norway's reliance on technology makes cybersecurity insurance vital for safeguarding economic stability and business continuity.
Frequently Asked Questions
What is the most common type of cyber insurance coverage in Norway?
The most common coverage includes data breach response, business interruption, and cyber extortion protection.
How has the cyber insurance market in Norway changed over recent years?
It has grown rapidly, with increased policy uptake and higher average premiums, driven by rising cyber threats and digital adoption.
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.