CyberCube’s latest research indicates a significant expansion of ransomware attacks into emerging economies across Latin America, Africa, the Middle East, and Asia, challenging traditional cyber insurance market dynamics as re/insurers prioritize efficiency in a soft market.
The report, titled “Applying Analytics and Threat Intelligence to Grow in a Soft Market,” highlights that ransomware is moving beyond established regions and into areas undergoing rapid digitalization. This shift, noted in CyberCube’s H2 2025 Global Threat Briefing, is attributed to uneven defense capabilities and the growing strategic importance of these emerging economies.
The briefing further observes that the cyber insurance market remains soft, characterized by three consecutive years of rate reductions, with capacity exceeding demand. This competitive environment has led to concessions on premiums, coverage terms, and limits, even as cyber threats, particularly ransomware, continue to increase in both scale and geographical reach. Re/insurers are consequently focusing on margin stability and efficiency rather than solely on premium expansion.
CyberCube’s analysis suggests that sustainable growth necessitates diversification across industries, regions, small and medium-sized enterprises (SMEs), and emerging risks. The Public Sector exemplifies both the challenges and opportunities within the current cyber insurance landscape. This sector exhibits high exposure and uneven security maturity, combined with increasing reliance on digital systems. Despite budget cuts and personnel shortages contributing to network misconfigurations as a primary vulnerability, CyberCube identifies specific opportunities for coverage in this highly exposed but often under-secured segment.
William Altman, Head of Cyber Threat Intelligence Services and author of the report, commented on the market’s trajectory. “Cyber insurance is poised to remain one of the most dynamic and strategically vital segments within the property and casualty sector,” Altman stated. He added, “As the sector matures, future expansion will hinge on serving underinsured segments, new geographies, and emerging risk classes. As the market approaches 2026, success in cyber (re)insurance will depend on precision, insight, and the ability to align opportunity with exposure.”
CyberCube operates as a leading provider of software-as-a-service (SaaS) cyber risk analytics, enabling financial quantification of cyber risk. The company utilizes data, analytics, artificial intelligence, and human expertise to serve insurance institutions globally. Founded in 2015 within Symantec, CyberCube has operated independently since 2018, with offices in San Francisco, New York, Chicago, London, and Tallinn, Estonia. Its mission is to enhance organizational and societal resilience to cyber risk.
