The cyber insurance market in France

Cyber insurance claims in France rise by 43% in 2024, with €55 million paid, €17 million more than in 2023, according to L’Argus de l’assurance (July 2025). The claims-to-premiums ratio goes from 12% to 17%, far from the 167% peak reached in 2020. Among large accounts, the number of claims paid goes from 28 to 51 in one year, and two claims exceed €10 million.

In France, cyber insurance mainly covers large groups: they account for 82% of the market in 2023, according to Revue Banque (November 2023). In 2022, nearly all CAC 40 companies were insured, against 10% of mid-sized companies (ETI) and 0.2% of very small businesses (TPE), according to IT for Business. The LUCY study by Amrae (the French association for risk and insurance management in companies) reports in 2023 a 47% rise in the number of insured ETI, but only 15% of them are covered.

Yes, under conditions. The LOPMI (the French Interior Ministry’s orientation and programming law), enacted on 24 January 2023, makes the reimbursement by cyber insurance of a ransom paid in France conditional on filing a complaint within 72 hours, according to IT for Business. These provisions came into force on 25 April 2023. An order of 13 December 2022 created two categories for cyber risks in the Code des assurances (the French insurance code): property damage and pecuniary losses.

The European NIS 2 directive could affect about 15,000 entities in France, according to L’Argus de l’assurance (October 2026). Its article 20 requires management bodies to approve and oversee cyber risk management measures and to undergo training. Without creating a standalone liability regime, it clarifies the diligence expected of directors: cyber insurance, which covers the company’s own damage, must therefore be coordinated with directors’ and officers’ liability.

SMEs remain little covered by cyber insurance in France despite strong growth: the number of insured mid-sized companies rose by 194% in 2023, according to L’Argus de l’assurance (June 2024). In 2022, the number of covered very small businesses and SMEs (TPE and PME) was already up 53%, according to Le Journal des entreprises. Insurers have, however, tightened access conditions, and companies without solid cybersecurity measures find it harder to obtain a contract, according to IT for Business.

A PDF report in French, 2026 edition, organised in six chapters: the market and its cover, size and claims, corporate demand, supply and players, regulation, and outlook.

The work of Amrae, official texts (LOPMI, Code des assurances, NIS 2 directive) and trade press articles from the IndexPresse database, including L’Argus de l’assurance. Every figure comes with its source and period.

Yes. The study is updated before it is sent, within 48 hours at most: it includes the latest published data, and every figure comes with its source and period.

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