The global cyber insurance market is expected to grow at a CAGR of 12.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing number of cyber-attacks and data breaches that are happening across the world. The increasing adoption of cloud computing and IoT technologies has also led to an increase in cyber-attacks, which has increased the demand for cyber insurance policies. The global standalone cyber insurance market is expected to grow at a CAGR of 13% during the forecast period, from 2021 to 2030. This growth can be attributed to an increase in demand for standalone policies as they provide coverage against all types of risks associated with cybersecurity threats such as data breach, ransomware attack, denial-of-service attack etc, without any limitations on liability or exclusions on coverage due to other types of risks such as terrorism or natural disasters. The global packaged cyber insurance market is expected to grow at a CAGR of 11% during the forecast period, from 2021 to 2030. This growth can be attributed mainly due its low cost and ease in purchase process which makes it more attractive than standalone policies for small businesses who cannot afford expensive premiums or do not have enough time or expertise required for assessing their risk profile themselves.
Some Of The Growth Factors Of This Market:
- Cyber attacks are becoming more sophisticated and costly, which is driving the demand for cyber insurance.
- The increasing number of data breaches and the growing sophistication of hackers are also driving the demand for cyber insurance.
- Increasing awareness about cybersecurity risks among businesses.
Industry Growth Insights published a new data on “Cyber Insurance Market”. The research report is titled “Cyber Insurance Market research by Types (Stand-alone Cyber Insurance, Packaged Cyber Insurance, Cyber Insuranc), By Applications (Financial Institutions, Retail and Wholesale, Healthcare, Business Services, Manufacturing, Technology, Others), By Players/Companies AIG, Chubb, XL, Beazley, Allianz, Zurich Insurance, Munich Re, Berkshire Hathaway, AON, AXIS Insurance, Lockton, CNA, Travelers, BCS Insurance, Liberty Mutual, Cyber Insuranc”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cyber Insurance Market Research Report
By Type
Stand-alone Cyber Insurance, Packaged Cyber Insurance, Cyber Insuranc
By Application
Financial Institutions, Retail and Wholesale, Healthcare, Business Services, Manufacturing, Technology, Others
By Companies
AIG, Chubb, XL, Beazley, Allianz, Zurich Insurance, Munich Re, Berkshire Hathaway, AON, AXIS Insurance, Lockton, CNA, Travelers, BCS Insurance, Liberty Mutual, Cyber Insuranc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Cyber Insurance Market Report Segments:
The global Cyber Insurance market is segmented on the basis of:
Types
Stand-alone Cyber Insurance, Packaged Cyber Insurance, Cyber Insuranc
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Financial Institutions, Retail and Wholesale, Healthcare, Business Services, Manufacturing, Technology, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AIG
- Chubb
- XL
- Beazley
- Allianz
- Zurich Insurance
- Munich Re
- Berkshire Hathaway
- AON
- AXIS Insurance
- Lockton
- CNA
- Travelers
- BCS Insurance
- Liberty Mutual
- Cyber Insuranc
Highlights of The Cyber Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stand-alone Cyber Insurance
- Packaged Cyber Insurance
- Cyber Insuranc
- By Application:
- Financial Institutions
- Retail and Wholesale
- Healthcare
- Business Services
- Manufacturing
- Technology
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cyber Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cyber insurance is a type of insurance that covers losses or damages caused by cyberattacks. Cyberattacks can include unauthorized access to computer systems, data theft, and destruction of information.
Some of the major companies in the cyber insurance market are AIG, Chubb, XL, Beazley, Allianz, Zurich Insurance, Munich Re, Berkshire Hathaway, AON, AXIS Insurance, Lockton, CNA, Travelers, BCS Insurance, Liberty Mutual, Cyber Insuranc.
The cyber insurance market is expected to grow at a compound annual growth rate of 12.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cyber Insurance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cyber Insurance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cyber Insurance Market - Supply Chain
4.5. Global Cyber Insurance Market Forecast
4.5.1. Cyber Insurance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cyber Insurance Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cyber Insurance Market Absolute $ Opportunity
5. Global Cyber Insurance Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cyber Insurance Market Size and Volume Forecast by Type
5.3.1. Stand-alone Cyber Insurance
5.3.2. Packaged Cyber Insurance
5.3.3. Cyber Insuranc
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cyber Insurance Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cyber Insurance Market Size and Volume Forecast by Application
6.3.1. Financial Institutions
6.3.2. Retail and Wholesale
6.3.3. Healthcare
6.3.4. Business Services
6.3.5. Manufacturing
6.3.6. Technology
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cyber Insurance Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cyber Insurance Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cyber Insurance Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cyber Insurance Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cyber Insurance Demand Share Forecast, 2019-2026
9. North America Cyber Insurance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cyber Insurance Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cyber Insurance Market Size and Volume Forecast by Application
9.4.1. Financial Institutions
9.4.2. Retail and Wholesale
9.4.3. Healthcare
9.4.4. Business Services
9.4.5. Manufacturing
9.4.6. Technology
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cyber Insurance Market Size and Volume Forecast by Type
9.7.1. Stand-alone Cyber Insurance
9.7.2. Packaged Cyber Insurance
9.7.3. Cyber Insuranc
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cyber Insurance Demand Share Forecast, 2019-2026
10. Latin America Cyber Insurance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cyber Insurance Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cyber Insurance Market Size and Volume Forecast by Application
10.4.1. Financial Institutions
10.4.2. Retail and Wholesale
10.4.3. Healthcare
10.4.4. Business Services
10.4.5. Manufacturing
10.4.6. Technology
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cyber Insurance Market Size and Volume Forecast by Type
10.7.1. Stand-alone Cyber Insurance
10.7.2. Packaged Cyber Insurance
10.7.3. Cyber Insuranc
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cyber Insurance Demand Share Forecast, 2019-2026
11. Europe Cyber Insurance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cyber Insurance Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cyber Insurance Market Size and Volume Forecast by Application
11.4.1. Financial Institutions
11.4.2. Retail and Wholesale
11.4.3. Healthcare
11.4.4. Business Services
11.4.5. Manufacturing
11.4.6. Technology
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cyber Insurance Market Size and Volume Forecast by Type
11.7.1. Stand-alone Cyber Insurance
11.7.2. Packaged Cyber Insurance
11.7.3. Cyber Insuranc
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cyber Insurance Demand Share, 2019-2026
12. Asia Pacific Cyber Insurance Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cyber Insurance Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cyber Insurance Market Size and Volume Forecast by Application
12.4.1. Financial Institutions
12.4.2. Retail and Wholesale
12.4.3. Healthcare
12.4.4. Business Services
12.4.5. Manufacturing
12.4.6. Technology
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cyber Insurance Market Size and Volume Forecast by Type
12.7.1. Stand-alone Cyber Insurance
12.7.2. Packaged Cyber Insurance
12.7.3. Cyber Insuranc
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cyber Insurance Demand Share, 2019-2026
13. Middle East & Africa Cyber Insurance Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cyber Insurance Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cyber Insurance Market Size and Volume Forecast by Application
13.4.1. Financial Institutions
13.4.2. Retail and Wholesale
13.4.3. Healthcare
13.4.4. Business Services
13.4.5. Manufacturing
13.4.6. Technology
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cyber Insurance Market Size and Volume Forecast by Type
13.7.1. Stand-alone Cyber Insurance
13.7.2. Packaged Cyber Insurance
13.7.3. Cyber Insuranc
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cyber Insurance Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Cyber Insurance Market: Market Share Analysis
14.2. Cyber Insurance Distributors and Customers
14.3. Cyber Insurance Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AIG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Chubb
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. XL
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Beazley
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Allianz
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zurich Insurance
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Munich Re
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Berkshire Hathaway
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AON
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AXIS Insurance
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lockton
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CNA
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Travelers
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. BCS Insurance
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Liberty Mutual
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Cyber Insuranc
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook