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  1. IA Advantage Blog
  2.  » Cyber Insurance Trends

Cyber Insurance Trends

Most of us encounter phishing or spoofing scams regularly nowadays. It stands to reason that requests for cyber liability insurance have increased...but by how much? Here are some interesting trends around who is looking for cyber insurance and which insurance companies in our network can help you with your next policy.
Published: August 28, 2023
cyber insurance

How have requests for cyber insurance changed over the last few years?

We expected the number of consumers looking for cyber liability insurance to increase over the last few years. However, we were quite surprised to see that the number of requests from 2022 to 2023 (as of July) increased by 114%!

cyber insurance trends by year

Which industries are looking for cyber liability insurance the most?

Very few industries are impervious to cyber attack, however there are definitely some types of businesses seeking out cyber liability insurance on more than others. In fact, the top five industries on our list made up 19% of all requests for cyber insurance since 2020.

cyber insurance trends by industry

What regions have the highest requests for cyber liability insurance?

Around 54% of cyber insurance requests on since 2020 were from the Southeast and West regions, with the Southeast being slightly higher. Ohio, New York, Florida, Texas and California had the most number of requests in their respective regions.

cyber insurance trends by region

Which insurance companies provide cyber insurance?

Here’s our list of our trusted insurance company partners who have an appetite for cyber insurance:

Be sure to check out our free insurance market finder tool next time you are looking for a trusted carrier, MGA or wholesaler for your customer.

Stay ahead of today’s pressing and rapidly evolving cyber threats

This fall, the Travelers Institute will be hosting cybersecurity symposiums across the country. The events, which are free and open to the public, are geared toward helping businesses and organizations gain insight into the current cyber landscape with strategies to help them prepare for, and respond to, cyber threats. Visit to see when a symposium will be in your area!

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