Turkey's cybersecurity insurance market is projected to reach nearly $3.8 billion USD in 2026, driven by rising cyber threats and digital transformation initiatives. Small and medium enterprises are increasingly adopting coverage, with 35% now insured, reflecting growing awareness of cyber risks. The average policy value of $250,000 indicates a focus on comprehensive protection against evolving cyber threats, including ransomware and data breaches.
The number of policies has grown to over 15,000, showing a significant market expansion. The average claim payout has increased to $45,000, highlighting more complex cyber incidents. As Turkey continues digital modernization, cybersecurity insurance becomes vital for business resilience. The government and private sector are collaborating to strengthen cybersecurity infrastructure and promote wider insurance coverage, reducing overall cyber risk exposure.