Cybersecurity Insurance, 2017-2021 (1)

($000)

Year Direct premiums written (2) Annual percent change Direct losses paid Direct paid loss ratio
2017 $1,859,283 37.2% $226,261 14.0%
2018 2,008,086 8.0 393,732 21.6
2019 2,248,653 12.0 458,796 22.7
2020 2,753,757 22.5 950,860 39.2
2021 4,827,238 75.3 1,279,211 35.5
(1) Includes stand-alone policies and the cybersecurity portion of package policies. Does not include premiums from companies that cannot report premiums for cybersecurity coverage provided as part of package policies. (2) Before reinsurance transactions. Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.