Invision Cyber, a newly established managing general agent (MGA) specializing in cyber insurance, has announced a partnership with cybersecurity company Trend Micro to launch a cyber insurance product for Trend Micro’s US customers.
Invision Cyber operates as an Acies company and Lloyd’s Coverholder, backed by three Lloyd’s syndicates. The MGA offers capacity limits up to $10 million, covering areas such as business interruption, cyber extortion, digital asset and data restoration, and incident response.
The product also includes options for third-party liability and cybercrime coverage. Distribution will be handled through a partnership with a major broking firm.
Trend Micro’s cybersecurity platform is used by more than 70% of Fortune 500 companies and serves over 500,000 organizations and 250 million individuals globally. The collaboration aims to leverage Trend Micro’s telemetry data to inform insurance underwriting, using proprietary algorithms to generate quotes based on real-time network conditions.
“Cyber risk is the defining challenge of our era," said Stuart Essex (pictured above, left), managing director at Invision. "We are excited to be partnering with Trend Micro on this revolutionary new cyber insurance offering.”
Mark Heath (pictured above, right), CEO of Acies MGU, noted that industry reports show a widening protection gap in cyber insurance.
“As cyber disruption, financial losses and breaches continue to hit major companies worldwide with alarming regularity, the need for a different approach for customers combined with expert cyber insurance cover, informed by up-to-the-minute data, has never been greater,” Heath said.
In the US, the personal cyber insurance segment is expanding rapidly. There is increasing demand for household-level protection against identity theft, fraud, and cyber extortion, reflecting a shift in consumer awareness and the evolving nature of cyber threats.
This trend is expected to underpin further growth in the sector as more individuals and families seek coverage beyond traditional business-focused policies.
The global cyber insurance market is also undergoing significant transformation. According to the QualRisk Cyber Insurance Center, global cyber insurance premiums are projected to rise from $15.1 billion in 2024 to $27 billion by 2030, and could reach $60 billion by 2040.
While the US still accounts for 70% of global premiums, growth in the American market has slowed, with Europe now leading expansion at a 22% compound annual growth rate.
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