Insurance Business America has published its 2026 5-Star Cyber list, identifying the top cyber insurance companies in the United States based on broker endorsement combined with demonstrated excellence in coverage quality, claims handling, underwriting expertise, and broker relationships.
To identify the best cyber insurers for 2026, Insurance Business America tapped into its extensive broker and reader community. IBA's research team gathered insights through multiple survey channels across its nationwide audience, inviting brokers to vote on the cyber insurers they believe deliver the strongest value in today's market. Voted insurers were then invited to submit a detailed entry outlining the strengths of their cyber policies and products, covering coverage features, product performance, claims support, underwriting expertise, and how their solutions help brokers and clients manage cyber risk.
Combining broker feedback with the insurers' submissions, IBA evaluated each entry and identified the top performers. Winners were ultimately selected based on overall support from brokers as well as demonstrated excellence in product quality, claims handling, underwriting expertise, and broker relationships.
Among the honorees are:
For the full list of 5-Star Cyber winners, check out the report here.
The 2026 research process offers a detailed picture of what the American brokerage community actually values in a cyber carrier and where the market's leading products are pulling ahead of the field.
Every winner provides the complete core coverage suite: incident response costs, business interruption, ransomware, data breach notification, regulatory defense and fines, social engineering and funds transfer fraud, and non-malicious system failure. That baseline is now table stakes. Every winner also describes their policy wording as either somewhat broader or significantly broader than the market average, and every single winner provides all five core ancillary services: pre-incident risk management, cyber training and awareness, a 24/7 breach response hotline, legal support, and PR and crisis communications.
What separates the very best from the merely competent comes down to five qualities that emerged consistently across broker feedback and product submissions: proactive risk partnership; claims response speed and coordination; coverage breadth beyond the standard form; underwriting expertise and appetite; and regulatory and emerging risk coverage.
The global cyber insurance market was worth approximately $16 billion in 2025, according to Munich Re, with North America accounting for 69% of global premiums and $10.6 billion in written premiums in 2024 alone. Gallagher's 2026 Cyber Insurance Market Outlook projects growth to between $30 billion and $50 billion by 2030.
The risks, however, are growing faster than the market. In the US, the average cost of a data breach reached an all-time high of $10.22 million in 2025, according to IBM Security - up 9% year-on-year and more than double the global average. Ransomware was present in 44% of all confirmed breaches according to the 2025 Verizon DBIR, and affects 88% of SMB breaches in particular.
The full report, including individual profiles of Arch Insurance, Hiscox USA, and Tokio Marine HCC – Cyber & Professional Lines Group, the complete winners list, market analysis, and full methodology, is available now.
