financial-services

Global Cyber Insurance Market Size, Status and Forecast 2018-2025


Published On : Oct 2018

Category : Insurance

No. of Pages : 105 pages

  • $3900
  • $7800

SPECIFY YOUR RESEARCH NEED

  • Query Type :
  •  

This report focuses on the global Cyber Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cyber Insurance development in United States, Europe and China.

Cyber-insurance is an insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded from traditional commercial general liability policies or at least are not specifically defined in traditional insurance products. Coverage provided by cyber-insurance policies may include first-party coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; liability coverage indemnifying companies for losses to others caused, for example, by errors and omissions, failure to safeguard data, or defamation; and other benefits including regular security-audit, post-incident public relations and investigative expenses, and criminal reward funds.
With cyber-attacks becoming the norm these days, even threatening to expand into a global epidemic, cyber-risk insurers across the globe are seeing organizations and end users scramble for protection from possible data and information security disasters.

North America dominates the cyber insurance market and accounts for around 89% of the overall cyber insurance market in 2016. Mandatory legislation regarding cyber security in several U.S. states has led to higher penetration of cyber liability insurance policies. Europe has very less penetration of cyber insurance liability policies as compared to that of the U.S. The European council has recently passed regulations regarding data protection and security, which are projected to be brought into effect in 2018. These regulations would oblige companies to purchase cyber insurance policies. Though Asia-Pacific accounts for negligible percentage share, it is expected to grow at a significant CAGR during the forecast period owing to a significant increase in ransomware attacks.

Most cyber insurance writers have shifted their writings to standalone policies and away from packaged policies; we found that more than 67% of the $2.19 billion total direct premiums written in 2016 were on a standalone basis. Insurers view standalone policies as more efficient and effective than packaged policies.

The top 3 cyber insurance writers are American International Group (AIG), Chubb and XL Group; these 3 companies had a combined market share of over 30 percent in 2016. The top 15 writers of cyber in this report held approximately 64 percent of the market in 2016.


In 2017, the global Cyber Insurance market size was 2920 million US$ and it is expected to reach 29800 million US$ by the end of 2025, with a CAGR of 33.7% during 2018-2025.

The key players covered in this study
AIG
Chubb
XL Group
Beazley
Allianz
Zurich Insurance
Munich Re Group
Berkshire Hathaway
AON
AXIS Insurance
Lockton
CNA
Travelers
BCS Insurance
Liberty Mutual

Market segment by Type, the product can be split into
Stand-alone Cyber Insurance
Packaged Cyber Insurance

Market segment by Application, split into
Financial Institutions
Retail and Wholesale
Healthcare
Business Services
Manufacturing
Technology
Others

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Cyber Insurance status, future forecast, growth opportunity, key market and key players.
To present the Cyber Insurance development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Cyber Insurance are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

With the escalating number of policyholders, the market for Global cyber insurance market size status and forecast 2018 2025 has gained a significant momentum. Additionally, the remarkable rise in the disposable income of consumers and the increase in per capita GDP in emerging economies are expected to boost this market substantially over the forthcoming years. The rising pool of high net-worth individuals and the upswing in the possession of fiscal assets are also projected to reflect positively on the demand for Global cyber insurance market size status and forecast 2018 2025 in the near future.

Going forward, the Global cyber insurance market size status and forecast 2018 2025 is likely to gain from the technological approaches, such as digitalization and cloud computing, being adopted by market players to reach out to a wider array of customers in order to strengthen their businesses. However, limited profit margins and soft pricing strategies are anticipated to intensify the competition within the market between the new entrants and the established companies.

This research report on the Global cyber insurance market size status and forecast 2018 2025 intends to offer a comprehensive strategic market analysis including a statistical study on revenue generated in this market and its growth projections over the next few years. With the improvements in Global cyber insurance market size status and forecast 2018 2025 in terms of returns and benefits, this market is expected to experience a high growth rate in the years to come.

This research study on the Global cyber insurance market size status and forecast 2018 2025 provides a detailed analysis of the various application of Global cyber insurance market size status and forecast 2018 2025 and the requirements of the end users. Further, it assesses this market by segmenting it on the basis of the business and the deployment models. It also talks about the demand for Global cyber insurance market size status and forecast 2018 2025 across various geographies and how it has impacted the growth of this market as a whole. A holistic coverage of the underlying technological and economic factors influencing the market’s progress has also been included in this research report.

Research experts have performed multiple assessments to determine the volume of production and the efficacy of the market for Global cyber insurance market size status and forecast 2018 2025 in the view of the performances of its regional markets. The statistics pertaining to the demand, supply, and sales of Global cyber insurance market size status and forecast 2018 2025 has also been reviewed thoroughly in this market study.

Further, the market drivers, restraints, and growth opportunities have been analyzed at length in this report. With these factors, the research study determines various prominent trends in the Global cyber insurance market size status and forecast 2018 2025, which have been influencing this market and are expected to impact the market’s growth greatly in the years to come.

The report further provides a detailed analysis of the competitive landscape in the market for Global cyber insurance market size status and forecast 2018 2025 in a bid to highlight the level of the competition between the leading players. In this process, analysts review the profiles of the leading market participants and identify the prime strategies they have adopted for the development of their businesses.

At the end, a list of recommendations has been provided for the readers, which enables them to take strategic decisions and improve their positions in the market for Global cyber insurance market size status and forecast 2018 2025. The study concludes with the profiles of the leading companies in this market that include company overview, financial overview, SWOT analysis, segments, business strategies, and the recent developments.

List of Tables and Figures

Table Cyber Insurance Key Market Segments
Table Key Players Cyber Insurance Covered
Table Global Cyber Insurance Market Size Growth Rate by Type 2013-2025 (Million US$)
Figure Global Cyber Insurance Market Size Market Share by Type 2013-2025
Figure Stand-alone Cyber Insurance Figures
Table Key Players of Stand-alone Cyber Insurance
Figure Packaged Cyber Insurance Figures
Table Key Players of Packaged Cyber Insurance
Table Global Cyber Insurance Market Size Growth by Application 2013-2025 (Million US$)
Figure Financial Institutions Case Studies
Figure Retail and Wholesale Case Studies
Figure Healthcare Case Studies
Figure Business Services Case Studies
Figure Manufacturing Case Studies
Figure Technology Case Studies
Figure Others Case Studies
Figure Cyber Insurance Report Years Considered
Table Global Cyber Insurance Market Size 2013-2025 (Million US$)
Figure Global Cyber Insurance Market Size and Growth Rate 2013-2025 (Million US$)
Table Global Cyber Insurance Market Size by Regions 2013-2025 (Million US$)
Table Global Cyber Insurance Market Size by Regions 2013-2018 (Million US$)
Table Global Cyber Insurance Market Share by Regions 2013-2018
Figure Global Cyber Insurance Market Share by Regions 2013-2018
Figure Global Cyber Insurance Market Share by Regions 2018
Table Market Top Trends
Table Global Cyber Insurance Revenue by Manufacturers (2013-2018) (Million US$)
Table Global Cyber Insurance Market Share by Manufacturers (2013-2018)
Figure Global Cyber Insurance Market Share by Manufacturers in 2018
Table Global Cyber Insurance Manufacturers Market Concentration Ratio (CR5 and HHI)
Table Key Players Head office and Area Served
Table Key Players Cyber Insurance Product/Solution/Service
Table Date of Enter into Cyber Insurance Market
Table Mergers & Acquisitions, Expansion Plans
Table Global Cyber Insurance Market Size by Type (2013-2018) (Million US$)
Table Global Cyber Insurance Market Size Share by Type (2013-2018)
Figure Global Cyber Insurance Market Size Market Share by Type (2013-2018)
Table Global Cyber Insurance Market Size by Application (2013-2018) (Million US$)
Table Global Cyber Insurance Market Size Share by Application (2013-2018)
Figure Global Cyber Insurance Market Size Market Share by Application (2013-2018)
Figure Global Cyber Insurance Revenue Market Share by Application in 2017
Figure United States Cyber Insurance Market Size 2013-2018 (Million US$)
Table United States Key Players Cyber Insurance Revenue (2017-2018) (Million US$)
Table United States Key Players Cyber Insurance Market Share (2017-2018)
Table United States Cyber Insurance Market Size by Type (2013-2018) (Million US$)
Table United States Cyber Insurance Market Share by Type (2013-2018)
Table United States Cyber Insurance Market Size by Application (2013-2018) (Million US$)
Table United States Cyber Insurance Market Share by Application (2013-2018)
Figure Europe Cyber Insurance Market Size 2013-2018 (Million US$)
Table Europe Key Players Cyber Insurance Revenue (2017-2018) (Million US$)
Table Europe Key Players Cyber Insurance Market Share (2017-2018)
Table Europe Cyber Insurance Market Size by Type (2013-2018) (Million US$)
Table Europe Cyber Insurance Market Share by Type (2013-2018)
Table Europe Cyber Insurance Market Size by Application (2013-2018) (Million US$)
Table Europe Cyber Insurance Market Share by Application (2013-2018)
Figure China Cyber Insurance Market Size 2013-2018 (Million US$)
Table China Key Players Cyber Insurance Revenue (2017-2018) (Million US$)
Table China Key Players Cyber Insurance Market Share (2017-2018)
Table China Cyber Insurance Market Size by Type (2013-2018) (Million US$)
Table China Cyber Insurance Market Share by Type (2013-2018)
Table China Cyber Insurance Market Size by Application (2013-2018) (Million US$)
Table China Cyber Insurance Market Share by Application (2013-2018)
Figure Japan Cyber Insurance Market Size 2013-2018 (Million US$)
Table Japan Key Players Cyber Insurance Revenue (2017-2018) (Million US$)
Table Japan Key Players Cyber Insurance Market Share (2017-2018)
Table Japan Cyber Insurance Market Size by Type (2013-2018) (Million US$)
Table Japan Cyber Insurance Market Share by Type (2013-2018)
Table Japan Cyber Insurance Market Size by Application (2013-2018) (Million US$)
Table Japan Cyber Insurance Market Share by Application (2013-2018)
Figure Southeast Asia Cyber Insurance Market Size 2013-2018 (Million US$)
Table Southeast Asia Key Players Cyber Insurance Revenue (2017-2018) (Million US$)
Table Southeast Asia Key Players Cyber Insurance Market Share (2017-2018)
Table Southeast Asia Cyber Insurance Market Size by Type (2013-2018) (Million US$)
Table Southeast Asia Cyber Insurance Market Share by Type (2013-2018)
Table Southeast Asia Cyber Insurance Market Size by Application (2013-2018) (Million US$)
Table Southeast Asia Cyber Insurance Market Share by Application (2013-2018)
Figure India Cyber Insurance Market Size 2013-2018 (Million US$)
Table India Key Players Cyber Insurance Revenue (2017-2018) (Million US$)
Table India Key Players Cyber Insurance Market Share (2017-2018)
Table India Cyber Insurance Market Size by Type (2013-2018) (Million US$)
Table India Cyber Insurance Market Share by Type (2013-2018)
Table India Cyber Insurance Market Size by Application (2013-2018) (Million US$)
Table India Cyber Insurance Market Share by Application (2013-2018)
Figure Central & South America Cyber Insurance Market Size 2013-2018 (Million US$)
Table Central & South America Key Players Cyber Insurance Revenue (2017-2018) (Million US$)
Table Central & South America Key Players Cyber Insurance Market Share (2017-2018)
Table Central & South America Cyber Insurance Market Size by Type (2013-2018) (Million US$)
Table Central & South America Cyber Insurance Market Share by Type (2013-2018)
Table Central & South America Cyber Insurance Market Size by Application (2013-2018) (Million US$)
Table Central & South America Cyber Insurance Market Share by Application (2013-2018)
Table AIG Company Details
Table AIG Revenue in Cyber Insurance Business (2013-2018) (Million US$)
Figure AIG Revenue Growth Rate in Cyber Insurance Business (2013-2018)
Table AIG Recent Development
Table Chubb Company Details
Table Chubb Revenue in Cyber Insurance Business (2013-2018)(Million US$)
Figure Chubb Revenue Growth Rate in Cyber Insurance Business (2013-2018)
Table Chubb Recent Development
Table XL Group Company Details
Table XL Group Revenue in Cyber Insurance Business (2013-2018)(Million US$)
Figure XL Group Revenue Growth Rate in Cyber Insurance Business (2013-2018)
Table XL Group Recent Development
Table Beazley Company Details
Table Beazley Revenue in Cyber Insurance Business (2013-2018)(Million US$)
Figure Beazley Revenue Growth Rate in Cyber Insurance Business (2013-2018)
Table Beazley Recent Development
Table Allianz Company Details
Table Allianz Revenue in Cyber Insurance Business (2013-2018)(Million US$)
Figure Allianz Revenue Growth Rate in Cyber Insurance Business (2013-2018)
Table Allianz Recent Development
Table Zurich Insurance Company Details
Table Zurich Insurance Revenue in Cyber Insurance Business (2013-2018)(Million US$)
Figure Zurich Insurance Revenue Growth Rate in Cyber Insurance Business (2013-2018)
Table Zurich Insurance Recent Development
Table Munich Re Group Company Details
Table Munich Re Group Revenue in Cyber Insurance Business (2013-2018)(Million US$)
Figure Munich Re Group Revenue Growth Rate in Cyber Insurance Business (2013-2018)
Table Munich Re Group Recent Development
Table Berkshire Hathaway Company Details
Table Berkshire Hathaway Revenue in Cyber Insurance Business (2013-2018)(Million US$)
Figure Berkshire Hathaway Revenue Growth Rate in Cyber Insurance Business (2013-2018)
Table Berkshire Hathaway Recent Development
Table AON Company Details
Table AON Revenue in Cyber Insurance Business (2013-2018)(Million US$)
Figure AON Revenue Growth Rate in Cyber Insurance Business (2013-2018)
Table AON Recent Development
Table AXIS Insurance Company Details
Table AXIS Insurance Revenue in Cyber Insurance Business (2013-2018)(Million US$)
Figure AXIS Insurance Revenue Growth Rate in Cyber Insurance Business (2013-2018)
Table AXIS Insurance Recent Development
Table Lockton Company Details
Table CNA Company Details
Table Travelers Company Details
Table BCS Insurance Company Details
Table Liberty Mutual Company Details
Table Global Cyber Insurance Market Size by Regions (Million US$) 2018-2025
Figure Global Cyber Insurance Market Size Share by Regions (2018-2025)
Figure Global Cyber Insurance Market Size Share by Regions in 2025
Figure United States Cyber Insurance Market Size Forecast (2018-2025)(Million USD)
Figure Europe Cyber Insurance Market Size Forecast (2018-2025)(Million USD)
Figure China Cyber Insurance Market Size Forecast (2018-2025)(Million USD)
Figure Japan Cyber Insurance Market Size Forecast (2018-2025)(Million USD)
Figure Southeast Asia Cyber Insurance Market Size Forecast (2018-2025)(Million USD)
Figure India Cyber Insurance Market Size Forecast (2018-2025)(Million USD)
Figure Central & South America Cyber Insurance Market Size Forecast (2018-2025)(Million USD)
Table Global Cyber Insurance Market Size by Product (2018-2025) (Million US$)
Figure Global Cyber Insurance Market Size by Product (2018-2025)
Figure Global Cyber Insurance Market Size by Product in 2025
Table Global Cyber Insurance Market Size by Application (2018-2025) (Million US$)
Figure Global Cyber Insurance Market Size by Application (2018-2025)
Figure Global Cyber Insurance Market Size by Application in 2025
Table Research Programs/Design for This Report
Figure Bottom-up and Top-down Approaches for This Report
Figure Data Triangulation
Table Key Data Information from Secondary Sources
Table Key Data Information from Primary Sources

Send an Enquiry

  • * :
  • * :
  • :
  • :
  • * :
  • :
  • * :
  • * indicates required field.

LATEST NEWS


Back To Top