LUCY - LIGHT UPON CYBER INSURANCE - 2025 EDITION

" The LUCY study sheds light on the underlying dynamics and highlights the insurance behavior of different categories of companies. It has become a key strategic planning tool for all risk management professionals." François Beaume, President of Amrae

SUMMARY
1. STATE OF THE MARKET IN 2024
● Slight contraction in premium volume
● Increased frequency of small claims
● Return of large-scale losses in major companies
● Continued growth in insurance uptake among intermediate and medium-sized businesses
● Premiums and deductibles both decreasing, especially for large accounts

2. MARKET TRENDS
● A consolidating yet volatile market
● Lower premium rates despite increased exposures
● Intermediate-sized companies entering a phase of active risk coverage
● Medium-sized businesses showing encouraging signs of maturity

3. FOCUS ON MID-SIZED COMPANIES
● Increasing appetite but limited capacity purchased
● A key segment for brokers and insurers
● Strong growth in policy uptake, but room for deeper penetration

" With the depth of data now available, the LUCY study confirms that insuring against cyber risk remains a marker of sound risk management and strategic maturity." Philippe Cotelle, board member of Amrae, Editor of the study