Top 10 European Cyber Insurers 2026

Munich Re Cyber Solutions serves 5,000+ corporate clients across Europe, providing cyber reinsurance capacity and direct cyber products through its Munich Re Specialty Insurance platform. Its MRIC (Munich Re Insurance Company) writes $2B+ in global cyber GWP with a 93% combined ratio in 2024. Munich Re's proprietary Cyber Risk Radar platform tracks 300+ threat actor groups in real time, informing underwriting decisions for large corporate placements.

Zurich Insurance's cyber division writes $1B+ in European cyber GWP, offering CyberEdge products to mid-market and Fortune 500 corporate clients across 20+ European countries. Its Z-Cyber Intelligence Centre provides policyholders with sector-specific threat intelligence briefings and pre-breach security assessments. Zurich's 2025 cyber underwriting guidelines introduced mandatory multi-factor authentication (MFA) verification for all risks above €25M in revenue.

Tokio Marine Kiln is a top-5 Lloyd's cyber underwriter with $600M+ in cyber GWP, distributing through the Lloyd's market and TMK Direct to European SMEs and corporate clients. TMK's cyber team of 45 dedicated underwriters is one of the largest in London. Its Cyber Resilience Score assessment tool provides a real-time security posture rating for prospective insureds, enabling instant indicative pricing for risks up to £100M in revenue.

Coalition is the world's largest active cyber insurer by policy count, writing $900M+ in GWP across the US and Europe with active cyber defence included in every policy. Its Coalition Control platform continuously monitors policyholders' attack surface, automatically alerting them to unpatched vulnerabilities and credential exposures. Coalition's European expansion accelerated in 2025 following NIS2 compliance deadlines, with UK and Germany as its largest European markets.

At-Bay is an AI-native cyber insurtech writing $300M+ in GWP with an industry-leading loss ratio of 42% in 2024 — less than half the market average — attributable to its continuous internet-scanning underwriting model. Its security scanning engine monitors 10,000+ data points per insured including exposed services, software vulnerabilities, and dark web credential leaks. At-Bay's European operations, launched in 2024, focus on the UK, Germany, and the Netherlands.

Distributed through major German and European industrial brokers, HDI-Gerling covers mid-size and large-cap European corporates with bespoke cyber programmes. Its 2024 NIS2 readiness product, covering regulatory response costs and fines, captured 35% market share among German critical infrastructure operators.

Corvus Insurance, acquired by Travelers Companies in 2024 for $435M, is an AI-powered cyber MGA writing $200M+ in GWP. Its CrowBar platform scans prospective policyholders' internet exposure using 400+ signals and delivers bindable quotes in under 60 seconds. Corvus's European distribution, expanded through Travelers' Lloyd's platform, serves SME and mid-market risks across the UK, Germany, and Benelux with limits up to €25M.