We are pleased to share Cyber 2025—A Year in Review, the latest report from Guy Carpenter's Cyber Center of Excellence. The year 2025 has underscored the growing complexity and significance of cyber risk within the global (re)insurance sector.
Key takeaways include
- The 2025 cyber insurance market was characterized by ample capacity, ongoing innovation and persistent protection gaps amid evolving cyber threats.
- Underwriting discipline and portfolio diversification remain essential for managing volatility and improving performance.
- Innovative reinsurance solutions—such as evolving aggregate covers, event and risk excess of loss, blended property + cyber solutions and cyber ILS—are gaining traction to address complex and systemic cyber risks.
- While reliance on technology is increasing across all sectors, actual insured outcomes are shaped as much by operational resiliency and business-critical process design as by the magnitude of the outage itself.
- The 2026 outlook emphasizes deeper risk understanding, advanced analytics and tailored risk transfer structures to meet the expanding and nuanced cyber risk landscape.