Key facts
- Japan's major nonlife insurers are seeing more inquiries about cyber insurance, Nikkei reported.
- Small and midsize businesses are among those showing interest, according to Nikkei.
- Nine Japanese insurers held 344,930 cyber insurance contracts in fiscal 2025, Bloomberg reported.
- That was up from 74,852 contracts in fiscal 2020, Bloomberg reported.
Japan's major nonlife insurers are fielding a jump in inquiries about cyber insurance, which pays companies for losses caused by cyberattacks, Nikkei reported on November 3, 2026, citing interest from small and midsize businesses after a run of data breaches since the start of October.
Separately, Bloomberg reported on November 2, 2026 that 344,930 cyber insurance contracts were held by nine companies selling the cover in fiscal 2025, which ended in March 2026, up from 74,852 in fiscal 2020. It tied the rise to several high-profile breaches including an attack on GMO Internet Group the previous week, and said the policies typically cover costs from hacking and internal leaks, in some cases security assessments, digital forensic analysis to identify attackers and vulnerabilities, and loss of business opportunities caused by data leaks.
Nikkei did not name the insurers involved, describe the products or give figures for the increase in consultations.