Cyber criminals will be the primary beneficiaries of advances in artificial intelligence in the year ahead, a prominent cyber risk analytics firm has predicted.

CyberCube, whose investors include HSCM Bermuda and is based in San Francisco, provides software-as-a-service cyber risk analytics to quantify cyber risk in financial terms.

CyberCube, in its 2025 predictions report, offered insights into the evolving dynamics of the cyber insurance and reinsurance market, highlighting several critical themes poised to impact the industry.

Ashwin Kashyap, cofounder and chief product officer, said: “A more advanced and concerning development is emerging: AI agents that operate autonomously to scale cyberattacks with unprecedented speed and efficiency.

“While AI has obvious applications in defensive cybersecurity, we believe that in the near term, threat actors will be the primary beneficiaries of these technologies.”

Chief executive Pascal Millaire predicted: “For a risk as complex, dynamic, and multifaceted as cyber, underwriting will always be a mix of art and science.

“As underwriters upskill their capabilities, the industry is increasing the state of that art; and as technology providers improve underwriting data, they will be supported with increasingly compelling science.”

Rebecca Bole, head of strategic engagement, added: “Delivering financially-quantified risk analytics to the organisations that need them requires partnership across the public and private sectors.

“In 2025, leaders in strategic enterprise risk management, tech infrastructure, and government will seek to develop pathways to obtain timely, data-driven insights.”

Predictions also include how brokers will be crucial to unlocking growth in the cyber insurance market, particularly for small and medium-sized businesses that are still underinsured.

Cyber Cube added: “To better manage growing accumulations of risk, cyber insurers will focus on improving data collection and enhancing their ability to model and mitigate potential exposure.

“Just as the insurance industry has been instrumental in driving safety improvements against damage caused by natural catastrophes, cyber insurance will meaningfully impact cybersecurity posture.”

Established in 2015 within Symantec, but now operating as a stand alone company, CyberCube said it serves more than 100 insurance institutions globally.