Insurers in Australia and New Zealand demand a higher-than-average number of solutions from their clients to qualify for cyber insurance coverage according to a new survey by cyber security company Arctic Wolf.
The new 24-page survey Cyber Insurance Outlook 2025 published in July 2025 says the insurers in Australia and New Zealand list a requirement for, on average, six cybersecurity solutions. While in other regions globally it is five or less.
Email security and identity and access management (IAM) are the top two cybersecurity solutions required for coverage by insurance carriers in Australia and New Zealand, at 87% and 84% respectively, compared to the global averages of 66% and 53%.
This research was conducted among 400 professionals from cyber insurance brokers and insurance companies with 25+ employees across the US, Canada, the UK, Ireland, Austria, Germany, Switzerland, Australia and New Zealand.
The interviews were conducted by Sapio Research in May 2025 using an email invitation and an online survey. With 50% of respondents from each group, this balance provides a well-rounded view of the cyber insurance landscape, offering insights into how both sides see current challenges, and how they expect the landscape to develop in the next 12 months.
Organisations in Australia and New Zealand seeking cyber insurance must satisfy higher cyber security standards to qualify for coverage. The businesses in these markets should have a minimum of six security controls in place, whereas the global average is five.
The risk of cyber attacks is no longer theoretical; it is a daily operational concern. As threats such as ransomware, data breaches, and supply chain compromises continue to dominate headlines, organizations are turning to cyber insurance as both a safety net and a strategic asset to help transfer elements of their cyber risk.
The report said, “The global cyber insurance market is entering a new phase of evolution and showing signs of early market maturity. As the demand for cyber coverage continues to grow, insurers are racing to competitively position and price their offerings. This evolution is happening despite several headwinds: a surge in high profile attacks, growing uncertainty around the role of AI, and increasingly sophisticated threat actors who are finding ways to bypass traditional security measures.”