The global cyber insurance market attained USD 6 billion in 2019 and is expected to grow at a CAGR of 20% during the forecast period of 2020-2025.
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As the demand for cyber insurance policies increases, the cyber insurance industry is thriving. The growth is ascribed to the increase in cyber-attacks such as the coordinated cyber-attack on the Ukrainian national energy distribution businesses, system infringement of health insurer Anthem Inc., infringement of the unclassified network of the White House, and the huge client data breach that LinkedIn and Twitter faced over the recent times. These events have adverse effects on companies, and the same has caused enormous losses for the organisations involved. As a result, there is rising awareness regarding cyber hazards, resulting in higher cyber liability insurance policies being adopted.
Properties and Applications
Cyber insurance is an insurance product used to safeguard companies and individual customers from internet-based hazards and risks associated with infrastructure and operations related to information technology.
Based on its application, the cyber insurance market can be segmented into:
Based on its company size, the cyber insurance market can be categorised as small and medium enterprises and large enterprises.
The EMR report looks into the regional cyber insurance markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The increased awareness of cyber danger among high-level managers and high cyber-related losses are boosting the cyber insurance market growth. It is also probable that the application of data security legislation in emerging nations will drive the cyber insurance market as well. The difficulty in quantifying the risk and negligence of the client are the constraints for this market that might hinder the industry growth in the coming years.
The report presents a detailed analysis of the following key players in the global cyber insurance market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Cyber Insurance Market Analysis
6.1 Global Cyber Insurance Market (2015-2019) & Forecast (2020-2025)
6.2 Global Cyber Insurance Market Breakup by Company Size
6.2.1 Small and Medium Enterprises
6.2.2 Large Enterprises
6.3 Global Cyber Insurance Market Breakup by Company Size: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Small and Medium Enterprises
6.3.2 Large Enterprises
6.4 Global Cyber Insurance Market Breakup by Application
6.4.3 IT and Telecom
6.5 Global Cyber Insurance Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.3 IT and Telecom
6.6 Global Cyber Insurance Market Breakup by Region
6.6.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.6.3 Asia Pacific
6.6.4 Latin America
6.6.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
6.7 Global Cyber Insurance Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
6.7.3 Asia Pacific
6.7.4 Latin America
6.7.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Competitive Landscape & Supplier Analysis
9.1 AON Plc
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 American International Group, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Allianz Global Corporate & Specialty (Allianz Group)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Berkshire Hathaway Speciality Insurance
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 Lockton, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 Chubb Group Holdings Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München [MUV2 (ETR)]
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 Xl Catlin Insurance Co. UK Ltd. (AXA)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.9 Zurich Insurance Co. Ltd. (Zurich Insurance Group AG)
9.9.1 Company Overview
9.9.2 Financial Analysis
10 Events and Development
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