Cyber Insurance Blog

The Top 10 Cyber Insurance Companies Brokers Should Know

The Top 10 Cyber Insurance Companies  Brokers Should Know

What is the Best Cyber Insurance Company for My Client?

As a broker, you want your clients to have the best, most comprehensive coverage for their needs. This is especially true when it comes to something as specific and important as cyber liability insurance. But what is the best cyber insurance company to choose?

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With an enormous wealth of options, selecting a provider can be a strenuous process. That’s why ProWriters offers wholesale brokerage services for the best insurance companies on the market. We work with a wide range of great carriers, each with different focuses and plan options. Here are some of the top 10 cyber insurance companies to know for your clients.


American International Group (AIG) is a global insurance company operating in 80 countries and jurisdictions. Boasting $225.8 million in direct written premiums in 2019, AIG holds 10% of the cyber insurance market share. Tailoring insurance offerings for businesses, AIG serves all manner of small, mid-size, and large international companies. AIG’s cyber insurance can be written through a standalone CyberEdge policy or endorsed on to other select policies as a Package.


Following a funding round this year, At-Bay is now valued at $1.35 billion, establishing the company as a major player. Like entries on this list, At-Bay acts as a full-service cyber partner, providing diverse risk management and coverage options for cyber insurance, tech E&O, and excess coverage. Another major selling point is the company’s brokerage platform, providing bindable quotes in seconds, accompanied by actionable security insights to help clients prevent loss.


AXIS Capital Holdings delivers specialty insurance and reinsurance solutions to clients. Its subsidiaries give the company a truly global reach, covering over 200 countries and jurisdictions. Axis only accounts for around 4.3% of the cyber insurance market, due primarily to its wide reach in other areas. In addition to cyber, Axis also provides accident and health, casualty, environmental, management liability, professional liability, and property insurance. As of 2019, Axis partnered with global cybersecurity accelerator CyLon to help educate cybersecurity start-ups on the opportunities and challenges of the cyber insurance market.


Operating since the 90s, CFC has extensive experience in cyber liability, as well as many adjacent fields. Serving specialized plans for the particular needs of small and medium-sized businesses and enterprise scale corporations alike, the company boasts over 100k customers in more than 90 countries. CFC makes its name with rapid response times, easy access to IT and management services, and a staggering $10 million in maximum excess capacity. With a mix of excellent customer service and comprehensive coverage, CFC is a major player in the cyber insurance field.


One of the top commercial lines insurers in the US, and the largest financial lines writer globally, Chubb has operations in 54 countries and jurisdictions. The company saw $356.9 million in direct written premiums in 2019, claiming a substantial 15.9% of the cyber insurance market share, so it’s no surprise it’s on this list of top 10 cyber insurance companies. The company serves a diverse group of clients, ranging from small businesses to multinational corporations. Chubb recently expanded its partnership with password manager Dashlane to expand its complimentary cyber services further, increasing its reach with clients outside North America.


The newest entry on this list, Coalition was only founded in 2017, but is already making waves. In its most recent round of investing, Coalition brought in $175M through Index Ventures. Specializing in enterprise-grade cybersecurity, the company markets to the healthcare, retail/e-commerce, manufacturing, and legal markets. As a major aspect of its value offering, Coalition supplements its cyber insurance and tech E&O packages with a strong selection of cybersecurity tools and trainings.


Corvus makes its name as a data-driven brokerage platform, utilizing AI and machine learning to optimize specialty cyber insurance packages. Since its start in 2017, the company has grown rapidly, bringing in tens of millions in investment capital and swiftly expanding its cyber coverage capabilities. As of June 2020, Corvus offers enterprise-level scaling to its Smart Cyber Insurance®, Smart Tech E&O™, and other services. The company even netted a 2021 5-star award for cyber insurance from the leading industry magazine, Insurance Business America.

Crum & Forster

A subsidiary of insurance giant Fairfax Financial Holdings, Crum & Forster offers specialty and non-specialty insurance across a wide selection of industries. The company’s long history and solid reputation give weight to its standard cyber liability offering. The first- and third-party coverage is backed up by A-rated financial strength from A.M. Best, and 24/7 customer service.


Hiscox earns its spot in the top 10 cyber insurance companies list by providing comprehensive cyber coverage with its CyberClear® suite. This gives brokers a diverse set of options for risk management and breach services. Covering everything from first-party response costs to third-party liability fines, Hiscox demonstrates an in-depth understanding of modern market needs. They even offer optional coverage for cyber crime, deception, and social engineering, and broader business interruption. Additionally, ProWriters offers instant business insurance quotes through Hiscox NOW, letting you get reliable quotes for your clients in real-time.

Tokio Marine HCC

Operating under the larger banner of Tokio Marine, the Cyber & Professional Lines Group (CPLG) brought in $52.6 million in direct written premiums in 2019, representing 2.3% of the total US market. CPLG offers a robust selection of insurance products, including cyber, technology errors and omissions (E&O), employment practices insurance, and other professional liability products. Tokio Marine HCC’s major domestic insurance companies have extremely high financial strength ratings from both S&P global ratings and Fitch Ratings.

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