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Return To: Cyber Insurance – The Ultimate Guide

The National Association of Insurance Commissioners (NAIC) issued a report on cybersecurity insurance coverage in 2019. This Cyber Security Supplement report highlights the market growth that occurs as a result of companies getting comprehensive cyber insurance plans.

Cybersecurity thus becomes necessary for any business (especially small businesses) that stores sensitive and personal client data in digital storage. We have gathered the top 10 cyber insurance companies based on their 2019 direct premiums written, which represent the growth of a company’s insurance business.

We included the highlights of each cyber insurance provider’s coverage for your convenience. Some insurance providers may have more comprehensive listings than others based on the information they offer on their website.

The Top Cyber Insurers Based On Premium

Here is a table summarizing the top-ranking cyber insurers by premiums written:

RankCompany Name2019 Direct Premiums WrittenCyber DPW (Standalone)Cyber DPW (PackagedMarket Share
1Chubb INA Group$356,900,0000.5%99.6%15.9%
2XL Reinsurance America Group (AXA XL)$229,700,000100.0%0%10.2%
3American International Group$225,800,00099.6%0.5%10.0%
4Travelers Group$178,500,00080.7%19.3%7.9%
5Beazley USA Insurance Group$150,900,00093.8%6.2%6.7%
6AXIS US Operations$97,300,00051.0%49.0%4.3%
7CNA Insurance Companies$94,700,00016.9%83.1%4.2%
8BCS Financial Group$76,100,00058.7%41.3%3.4%
9Liberty Mutual Insurance Companies$68,400,00043.4%56.6%3.0%
10Fairfax Financial (USA) Group$65,100,00099.8%0.2%2.9%
Top Ranked Cyber Insurance Companies – Based On Written Premium

*This directory is based on AM Best research data.

Chubb INA Group

Chubb is the largest publicly traded property and casualty insurance company in the world. Its cyber insurance coverage for the standard version includes the following benefits:

XL Reinsurance America Group (AXA XL)

This insurance company has been offering property and casualty insurance services in America since 2002. The AXA XL cyber insurance package provides flexible coverage for some of the following major data and privacy risks:

American International Group, Inc. (AIG)

AIG offers its finance and insurance services to more than 80 countries and jurisdictions globally. Its cyber insurance policy offers three main benefits:

Travelers Group

This insurance provider is the second-largest writer of commercial property-casualty insurance in the US. They offer cyber insurance coverage depending on a policyholder’s level of cyber risk:

Beazley USA Insurance Group

This insurance policy provider won the 2019 Reactions London Market Awards Insurer of the Year award. Its cyber insurance products include:

AXIS US Operations

This insurance provider was founded in 2001 and extends its operations in Bermuda, Canada, Europe, Singapore, and the US. AXIS US cyber insurance carriers get protection from the following cyber risks:

CNA Financial Corporation Insurance Companies

This commercial insurer is the largest financial corporation in the US as of 2018. It offers a broad range of property and casualty business insurance solutions. Its commercial packages for business insurance are customizable to include protection against cyber threats.

BCS Financial Group

BCS Financial has been offering financial and insurance solutions since 1948. It works with CyberPolicy to provide comprehensive cybersecurity protection for businesses up to $100 million in revenue.

The cyber insurance that BCS offers includes protection for investigation and public relations. It covers costs for client support, legal support, and lost income in the event of cybercrimes like data breaches.

Liberty Mutual Insurance Companies

Liberty Mutual Group is the third-largest property and casualty insurance provider in the US. It has been offering cyber coverage for business owner’s policies since 2014. Its cyber insurance policy includes first-party and third-party cyber reinsurance.

Liberty Mutual cyber insurance covers the costs associated with data breaches, credit monitoring services, helpline services, and identity restoration case management services.

Fairfax Financial (USA) Group

This holding company is based in Canada with an international business engaged in property, casualty, insurance and reinsurance, insurance claims management, and investment management.

According to its annual report for 2019, Fairfax Financial has been implementing measures to mitigate cybersecurity risks for its company, assets, clients, and suppliers.


If your business relies on computers to operate, consider getting the proper insurance to protect your sensitive data. Businesses face too many cybersecurity threats nowadays, making financial protection necessary. Consider looking into the top-ranking cyber insurance companies we have gathered in this list to get the financial protection you need for your business.

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