The total growth of direct premiums written for cyber insurance hit 37 % in 2017 , and dropped to 8 % again in 2018 , according to Fitch Group . Despite the lull , Bloomberg has predicted that the market will continue to grow , as broker and industry reports show increases in insurers taking up cyber insurance coverage . For instance, the Global Data Protection Regulation (G.D.P.R.) in the European Union restricts the potential of cyber insurance. The US is the largest market for online insurance as development in Europe and other regions is held back by regulations such as GDPR .
The total growth of direct premiums written for cyber insurance hit 37 % in 2017 , and dropped to 8 % again in 2018 , according to Fitch Group . Despite the lull , Bloomberg has predicted that the market will continue to grow , as broker and industry reports show increases in insurers taking up cyber insurance coverage . The US is the largest market for online insurance as development in Europe and other regions is held back by regulations such as GDPR .