Panama's cybersecurity insurance market has seen significant growth in 2026, with over 3,200 policies issued. The average premium of $1,250 reflects increased awareness among local businesses of cyber threats. The total market value has reached approximately $4 million, indicating expanding investment in digital security measures. Despite this growth, less than half of Panamanian companies currently have cybersecurity coverage, highlighting room for increased adoption.
Cyber threats remain a major concern, with an average of 4.2 cyber incidents reported per company annually. The rising number of incidents underscores the importance of comprehensive cybersecurity strategies. As Panama continues to digitize its economy, both public and private sectors are urged to prioritize cybersecurity insurance to mitigate risks and enhance resilience against evolving cyber threats.