The short answer
There is no reliable standard price for cyber insurance. Insurers calculate the premium from the individual business, the requested cover and their current risk assessment. Public price lists or generic online estimates therefore cannot replace a current quotation.
For a meaningful cost comparison, every insurer approached should receive the same information and coverage requirements. Only then can premiums, deductibles, limits and exclusions be compared fairly.
Which information determines the premium?
Insurers commonly ask about points such as:
- annual revenue, employee count and business activity
- countries in which the business operates
- type and volume of data processed
- dependency on IT systems, cloud services and suppliers
- requested limit, sublimits and deductible
- previous cyber incidents and insurance claims
- multi-factor authentication, backup and recovery procedures
- patch management, endpoint security and privileged access
- incident response plan, external IT providers and security reviews
Weighting varies by insurer. No single security measure therefore guarantees a particular discount.
Why the same premium does not mean the same cover
The annual premium is only one part of the comparison. For each quotation, also check:
| Contract term | Question to ask |
|---|---|
| Policy limit | Is there one aggregate limit or are additional limits available? |
| Business interruption | When does cover begin and how long does it apply? |
| Sublimits | Which sublimits apply to fraud, extortion, data recovery or supplier outages? |
| Deductible | Does it apply per claim, per coverage module or in addition to a waiting period? |
| Incident response | Who is available in an emergency and which providers may be used? |
| Security requirements | Which application disclosures become contractual requirements? |
| Exclusions | Which systems, countries, incidents or known vulnerabilities are excluded? |
A cheaper quotation may provide substantially less in the loss scenario that matters. The relevant comparison is therefore the combination of premium and contract terms.
How to obtain a useful cost comparison
- Define two or three realistic loss scenarios, such as ransomware, payment fraud or a cloud provider outage.
- Set a requested policy limit and an affordable deductible.
- Prepare complete security information. Unclear or inconsistent answers delay underwriting.
- Request several quotations on the same date using an identical requirements profile.
- Compare every relevant limit, waiting period and exclusion, not only the total premium.
- Ask for differences to be explained in writing before deciding.
How good IT security affects an offer
Multi-factor authentication, tested offline or immutable backups, timely patching and a rehearsed incident response plan can improve insurability. Their effect on premium, deductible or contract terms can only be established by the actual underwriting process.
Insurance does not replace these measures. It transfers part of the remaining financial risk and, depending on the contract, can fund crisis-response providers.
How large is the Swiss market?
The Swiss Insurance Association reported approximately 67,000 corporate cyber policies in 2024. This represented 10.8% of companies, with premium volume of CHF 172 million. These market figures show growing demand but do not indicate the price for an individual business.
Are online calculators binding?
No. A calculator can at most model a transparently described scenario. It does not know every insurer’s current rates and underwriting rules or all answers in the risk questionnaire. Only an insurer’s quotation provides a binding premium.
Cyberversicherung.ch therefore does not present invented market prices or automated insurer rankings. We compare current quotations against the same requirements profile.
Sources and transparency
- Swiss Insurance Association: cyber insurance 2024
- NCSC: cyber threat situation reports
- Federal Statistical Office: digital crime
Advice and quotation placement are provided through BTAG Versicherungsbroker AG. Any brokerage is paid by the insurer. Product scope and remuneration are disclosed before purchase.