UAE Cyber Insurance Market Reaches $70 Million
The UAE Cybersecurity Council says cyber insurance is becoming an important part of corporate risk management as AI-driven attacks, data breaches and digital service disruptions continue to grow.
The UAE cyber insurance market has reached an estimated $70 million amid rising digital threats and growing concern over the financial impact of cyberattacks.
According to Gulf News, citing the UAE Cybersecurity Council, around 80 percent of UAE institutions and companies now view cyber insurance as an essential part of risk management.
Cyber insurance can help cover costs related to incident investigation, data recovery, legal liabilities, compensation and service disruption. However, the Council stressed that insurance should support, not replace, strong cybersecurity controls.
The Council also warned that premiums are expected to rise as threats become more complex, especially with the increased use of artificial intelligence and social engineering by attackers.
The trend is particularly important for sectors such as finance, healthcare and energy, where cyber incidents can disrupt essential services and expose sensitive data.
