Executive Protection Firm Insurance Market Report 2026

The executive protection firm insurance market size has grown strongly in recent years. It will grow from $2.2 billion in 2025 to $2.39 billion in 2026 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to expansion of private security services, increasing number of high-profile individuals requiring protection, rising liability exposure in security operations, growth of international executive travel, increased use of armed protection services.

The executive protection firm insurance market size is expected to see strong growth in the next few years. It will grow to $3.31 billion in 2030 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to growing cybersecurity risk exposure, rising geopolitical instability, expansion of private protection firms globally, increasing demand for technology-enabled security services, stronger regulatory scrutiny of security operations. Major trends in the forecast period include increasing demand for comprehensive liability bundled policies, rising adoption of cyber and professional liability coverage, growing customization of insurance for high-risk security operations, expansion of global coverage for cross-border protection services, enhanced focus on regulatory compliance coverage.

The growing complexity of security threats is expected to drive the growth of the executive protection firm insurance market in the coming years. Security threats refer to potential risks posed by malicious actors who use advanced techniques to breach systems, steal sensitive information, and carry out fraudulent activities. The increasing sophistication of these threats is driven by the evolution of cybercrime tactics, as criminals continually refine their methods to exploit digital vulnerabilities and apply more advanced social engineering strategies. This heightened threat landscape increases demand for executive protection firm insurance, as organizations and high-profile individuals face greater exposure to cyberattacks, fraud, and data breaches that require comprehensive risk coverage. For instance, in March 2024, according to the Federal Bureau of Investigation (FBI), a US-based government agency, the Internet Crime Complaint Center (IC3) recorded 800,944 complaints with losses exceeding $10.3 billion in 2022, which rose to 880,418 complaints and losses exceeding $12.5 billion in 2023, reflecting a 10% increase in complaints and a 22% rise in losses. Therefore, the increasing complexity of security threats is fueling the growth of the executive protection firm insurance market.

The rising number of high-net-worth individuals (HNWIs) is also expected to propel the growth of the executive protection firm insurance market going forward. High-net-worth individuals are those who possess substantial investable assets, typically exceeding $1 million, excluding their primary residence. The growth in the HNWI population is driven by strong financial market performance, asset appreciation, and expanding investment opportunities in developed economies, all of which have significantly increased private wealth in recent years. As wealth accumulation rises, demand for executive protection firm insurance grows because affluent individuals increasingly seek tailored security services to safeguard themselves, their families, and their assets, creating a greater need for insurance coverage to manage associated risks and liabilities. For instance, in August 2023, according to UBS Group AG, a Switzerland-based investment banking company, global wealth is projected to grow by 38% over the next five years to reach $629 trillion by 2027. By that time, wealth per adult is expected to reach $110,270, the number of millionaires is forecast to rise to 86 million, and the population of ultra-high-net-worth individuals is projected to reach 372,000. Therefore, the increase in high-net-worth individuals is driving the growth of the executive protection firm insurance market.

The expansion of corporate travel is further expected to support the growth of the executive protection firm insurance market in the coming years. Corporate travel includes trips undertaken by employees for business purposes such as meetings, conferences, client engagements, and other work-related activities. The resurgence of corporate travel is largely attributed to the post-pandemic recovery of business operations, as organizations increasingly value in-person interactions for building relationships and driving business growth. This expansion in corporate travel strengthens demand for executive protection firm insurance, as companies seek comprehensive coverage to protect executives and employees from a range of risks associated with domestic and international travel. For instance, in June 2024, according to the Australian Trade and Investment Commission, an Australia-based government agency, the number of tourism-related businesses remained relatively stable between 2022 and 2024, reaching 360,202 businesses in June 2024, a 0.7% increase compared with June 2023. Therefore, the growth in corporate travel is contributing to the expansion of the executive protection firm insurance market.

Major companies operating in the executive protection firm insurance market are Allianz SE, Zurich Insurance Group Ltd., Chubb Limited, The Travelers Companies Inc., American International Group Inc. (AIG), AXA XL Insurance, Beazley Group plc, Lloyd’s of London, Assicurazioni Generali S.p.A., Munich Reinsurance Company (Munich Re), Swiss Re Ltd., Markel Corporation, CNA Financial Corporation, Hartford Financial Services Group Inc., Tokio Marine Holdings Inc., Sompo Holdings Inc., W. R. Berkley Corporation, RenaissanceRe Holdings Ltd., Aspen Insurance Holdings Limited, Alleghany Corporation.

North America was the largest region in the executive protection firm insurance market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the executive protection firm insurance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the executive protection firm insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The executive protection firm insurance market includes revenues earned by entities by providing services such as liability insurance for protection firms, property and asset protection, event security insurance, risk assessment and consultancy, and crisis management services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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