Cyber Insurance Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


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Cyber Insurance Market: Market Overview

Cyber insurance is offered by insurers as a solution due to growing number of data breaches worldwide which creates lots of damage to businesses. Loss of data is observed as one of the significant risks to businesses and has a massive effect on the company earnings. Various companies have started seeing for ways of protecting themselves against cyber threats. Traditional cyber insurance policies are provided only for protection against data loss. However, these cyber insurance policies are upgraded now as this financial loss incurred from the data breach. There is increasing demand for cyber insurance coverage from various industries. The cyber insurance terms and coverage of policies differ from insurer to insurer. Therefore it becomes complicated for users to understand it, which will result in adverse impact on the cyber insurance market. Due to complexity from cyber threats, many insurers are focusing on offering flexibility in cyber risk management tools. With the continuous advancement in technology, techniques of cyber-attacks also evolved, and several other verticals such as manufacturing, healthcare, retail, energy, and utilities are also affected by the cyber threats. Among all these verticals, the healthcare sector has established higher penetration of cyber liability insurance policies because many third-party data are available with them.

Cyber Insurance Market: Market Dynamics

Increase in cyber risk alertness among high authorities and implementation of legislation regarding data security in developing nations is expected to boost the growth of cyber insurance market.

The dearth of standardized policies is expected to refrain companies from buying cyber insurance policies which can be a restraining factor for cyber insurance market growth.

Global Cyber Insurance Market: Market Segmentation

Segmentation Overview

Cyber Insurance market segmented by company size, vertical and region.

Segmentation by company size in Cyber Insurance market:

  • Small Companies
  • Medium-sized Companies
  • Large Companies

Segmentation by vertical in Cyber Insurance market:

  • Information & Communication Technology
  • Financial Services
  • Manufacturing
  • Retail
  • Healthcare
  • Others

Global Cyber Insurance Market: Competition Landscape

Few prominent players in Cyber Insurance market include Berkshire Hathaway, American International Group, Inc., AON PLC, Zurich Insurance Co. Ltd, XL Group Ltd, Munich Re Group, Lloyd’s, Bin Insurer Holding, LLC, Lockton Companies, Inc., Pivot Point Risk Analytics, Allianz Global Corporate & Specialty, Quadmetrics, Inc., The Chubb Corporation and Beazley Plc.

Cyber Insurance Market: Regional Outlook                                                                                                  

North America is expected to dominate the cyber insurance market due to enforcement of data protection regulations in U.S. Moreover, increase in levels of liability and government policies development accelerate the growth of cyber insurance market. Europe is also expected to contribute significantly to cyber insurance market followed by Asia Pacific, Latin America, and MEA region.

The report covers exhaustive analysis on:

  • Global Cyber Insurance Market Segments
  • Global Cyber Insurance Market Dynamics
  • Historical Actual Market Size, 2012 - 2016
  • Global Cyber Insurance Market Size & Forecast 2016 to 2027
  • Supply & Demand Value Chain for Cyber Insurance Market
  • Global Cyber Insurance Market Current Trends/Issues/Challenges
  • Competition & Companies involved in Cyber Insurance Market
  • Cyber Insurance Technology
  • Value Chain of Cyber Insurance
  • Global Cyber Insurance Market Drivers and Restraints

Regional analysis of Global Cyber Insurance Market includes

  • North America Cyber Insurance Market
    • US
    • Canada
  • Latin America Cyber Insurance Market
    • Brazil, Argentina & Others
  • Eastern Europe Cyber Insurance Market
    • Poland
    • Russia
    • Rest of Eastern Europe
  • Western Europe Cyber Insurance Market
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Nordic
    • BENELUX
    • Rest of Western Europe
  • Asia Pacific Cyber Insurance Market
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan Cyber Insurance Market
  • Middle East and Africa Cyber Insurance Market
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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