The overall upward trend of organizations purchasing cyber insurance continued in 2016, however there are signs the market is slowing after six years of rapid growth.
A 2016 Zurich Insurance-Advisen survey shows that over the last six years, the proportion of companies buying cyber insurance has increased by 85 percent, up from 35 percent of companies purchasing coverage in 2011 to 65 percent in 2016. However, the proportion of companies buying in 2016 was up only seven percent from 2015. This compares to an 18 percent increase in 2015 over 2014.
