Over the past few years, cyber insurance markets have been growing at between 25-50 percent CAGR each year. According to The Betterley Report 2015, annual policy premiums are approaching $2.75 billion. The ecosystem of insurance underwriters, intermediaries/brokers, analysts/management consultants and compilers of insurance market information is evolving rapidly, trying to make the most of this rising tide. As large insurance underwriters try to grapple with cyber insurance, newcomers aim to disrupt this ecosystem. And the battle has just begun.