Cyber Insurance

As of 2025, the highest individual payouts in cyber insurance typically involve ransomware attacks, with recent record-breaking figures and industry capacities summarized below: 

• Largest Individual Payout: The highest known ransom payment reported by major firms (such as IBM) reached $75 million in 2024, paid by an undisclosed Fortune 50 company to the Dark Angels ransomware group.

• Total Market Payouts: In the United Kingdom, insurers paid out a record £197 million ($250 million) in total cyber claims in 2024 to help businesses recover, a 230% year-on-year increase.

• Maximum Policy Coverage: While individual claims vary, major cyber insurance providers offer maximum coverage limits ranging from $1 million up to $100 million per claim, depending on the organization's size and risk profile.

• Top Insurance Carriers: Companies with the largest portfolios and capacity to handle high-value payouts include:

  • Beazley: A global market leader with over $1 billion in gross premiums.

  • Chubb: Consistently one of the highest-value writers of cyber premiums in the U.S..

  • AXA XL, Munich Re, and AIG: Major international carriers known for handling enterprise-level cyber risks. 

Factors Influencing High Payouts

• Ransomware & Malware: These accounts for over 51% of all claims, often leading to the most expensive payouts due to business interruption and direct extortion costs.

• Business Interruption: Losses from halted operations can exceed the cost of the cyber attack itself, with some single incidents in India alone reaching $3 million in interruption losses.

• Forensic & Legal Fees: A significant portion of large payouts is spent on mitigating incidents, including hiring forensic experts, breach counsel, and public relations agencies