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Cyber Insurance Market - Global Industry Analysis

Cyber Insurance Market by End use Industry (Manufacturing, Retail, IT & Telecom, Government, BFSI, and Others), by Product (Cyber Security Insurance, Cyber Liability Insurance, and Technology Errors & Omissions Insurance), by Company Size (Small Corporation, Medium Corporation, and Large Corporation): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Published Date: 08-Aug-2018 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3263 Status : Published

Global cyber insurance market expected to reach USD 22.8 billion globally by 2024, growing at a CAGR of around 27% between 2018 and 2024. Advancements in technology have paved ways for retailers to broaden their customer base. Over the past decade, online business for retailers has increased owing to online shopping and introduction of mobile payment option.

Description

The report analyzes and forecasts the cyber insurance market on a global and regional level. The study offers past data from 2015 to 2017 along with forecast from 2018 to 2024 based on revenue (USD Billion). Assessment of cyber insurance market dynamics gives a brief thought about the drivers and restraints for the cyber insurance market along with the impact they have on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the cyber insurance market on a global level.

The report gives a transparent view of the cyber insurance market. We have included a detailed competitive scenario and portfolio of leading vendors operative in the cyber insurance market. To understand the competitive landscape in the cyber insurance market, an analysis of Porter’s Five Forces model for the cyber insurance market has also been included. The report also covers patent analysis with bifurcation into a patent trend, patent by the company, and patent by region. The study encompasses a market attractiveness analysis, wherein product, company size, end-user industry, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Cyber Insurance Market

The study provides a crucial view of the cyber insurance by segmenting the market based on end-use industry, product, company size, and region. All the segments of the cyber insurance market have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. Based on the product, the global cyber insurance market is categorized as cybersecurity insurance, cyber liability insurance, and technology errors & omissions insurance. Small corporation, medium corporation, large corporation are the company size segment of the global cyber insurance market. Manufacturing, retail, IT & telecom, government, BFSI, and others are the end use industry segment for the cyber insurance market. The regional segmentation comprises the current and forecast demand for Middle East & Africa, North America, Asia Pacific, Latin America, and Europe for cyber insurance market with further division into the U.S., Canada, Mexico, the UK, France, Germany, China, Japan, South Korea, Brazil, and Argentina, among others is included in the report.

The competitive profiling of noticeable players of cyber insurance market includes company and financial overview, business strategies adopted by them, their recent developments and product offered by them which can help in assessing competition in the market. Noticeable players included in the report are Chubb Corporation, Munich Re Group, AON PLC, American International Group, Inc., Allianz Global Corporate & Specialty, Zurich Insurance Co. Ltd., XL Group Ltd, Beazley PLC, Berkshire Hathaway, Inc., and Lockton Companies, Inc. among others.

The report segments the global cyber insurance market as follows:

Global Cyber Insurance Market: End-use Industry Segment Analysis

  • Manufacturing
  • Retail
  • IT & Telecom
  • Government
  • BFSI
  • Others

Global Cyber Insurance Market: Product Segment Analysis

  • Cyber Security Insurance
  • Cyber Liability Insurance
  • Technology Errors & Omissions Insurance

Global Cyber Insurance Market: Company Size Segment Analysis

  • Small Corporation
  • Medium Corporation
  • Large Corporation

Global Cyber Insurance Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Cyber Insurance Market, 2015-2024, (USD Billion)
    • 2.2. Cyber Insurance Market: Market Snapshot
  •  
  • Chapter 3. Global Cyber Insurance Market - Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technology landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
        • 3.4.1.1. Government legislation to use cyber insurance
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
      • 3.5.1. Lengthy procedure to claim for data theft
    • 3.6. Opportunity
      • 3.6.1. Digitalization in Asia Pacific region
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter's Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Cyber Insurance Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by End-Use Industry Segment
      • 3.11.2. Market Attractiveness Analysis by Product Segment.
      • 3.11.3. Market Attractiveness Analysis by Company Size Segment
      • 3.11.4. Market Attractiveness Analysis by Regional Segment
  •  
  • Chapter 4. Global Cyber Insurance Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Product and Regional Expansion
  •  
  • Chapter 5. Cyber Insurance Market - Application Segment Analysis
    • 5.1. Global Cyber Insurance Market Revenue Share, by End-use Industry, 2017 & 2024
    • 5.2. Global Cyber Insurance Market by Manufacturing, 2015 - 2024 (USD Billion)
    • 5.3. Global Cyber Insurance Market by IT & Telecom, 2015 - 2024 (USD Billion)
    • 5.4. Global Cyber Insurance Market by Retail, 2015 - 2024 (USD Billion)
    • 5.5. Global Cyber Insurance Market by Government, 2015 - 2024 (USD Billion)
    • 5.6. Global Cyber Insurance Market by BFSI, 2015 - 2024 (USD Billion)
    • 5.7. Global Cyber Insurance Market by Others, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Cyber Insurance Market - Product Segment Analysis
    • 6.1. Global Cyber Insurance Market Revenue Share, by Product, 2017 & 2024
    • 6.2. Global Cyber Insurance Market by Cyber Security Insurance, 2015 - 2024 (USD Billion)
    • 6.3. Global Cyber Insurance Market by Cyber Liability Insurance, 2015 - 2024 (USD Billion)
    • 6.4. Global Cyber Insurance Market by Technology & Error Omissions Insurance, 2015 - 2024 (USD Billion)
  •  
  • Chapter 7. Cyber Insurance Market - Company Size Segment Analysis
    • 7.1. Global Cyber Insurance Market Revenue Share, by Company Size, 2017 & 2024
    • 7.2. Global Cyber Insurance Market by Small Corporation, 2015 - 2024 (USD Billion)
    • 7.3. Global Cyber Insurance Market by Medium Corporation, 2015 - 2024 (USD Billion)
    • 7.4. Global Cyber Insurance Market by Large Corporation, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Cyber Insurance Market - Regional Analysis
    • 8.1. Global Cyber Insurance Market: Regional Overview
      • 8.1.1. Global Cyber Insurance Market Revenue Share, By Region, 2017 And 2024
    • 8.2. North America
      • 8.2.1. North America Cyber Insurance Market Revenue 2015 - 2024 (USD Billion)
      • 8.2.2. North America Cyber Insurance Market Revenue, By End-User Industry, 2015 - 2024 (USD Billion)
      • 8.2.3. North America Cyber Insurance Market Revenue, By Product, 2015 - 2024 (USD Billion)
      • 8.2.4. North America Cyber Insurance Market Revenue, By Company Size, 2015 - 2024 (USD Billion)
      • 8.2.5. U.S.
        • 8.2.5.1. U.S. Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.2.5.2. U.S. Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.2.5.3. U.S. Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
      • 8.2.6. Canada
        • 8.2.6.1. Canada Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.2.6.2. Canada Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.2.6.3. Canada Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
      • 8.2.7. Mexico
        • 8.2.7.1. Mexico Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.2.7.2. Mexico Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.2.7.3. Mexico Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe Cyber Insurance Market Revenue 2015 - 2024 (USD Billion)
      • 8.3.2. Europe Cyber Insurance Market Revenue, By End-User Industry, 2015 - 2024 (USD Billion)
      • 8.3.3. Europe Cyber Insurance Market Revenue, By Product, 2015 - 2024 (USD Billion)
      • 8.3.4. Europe Cyber Insurance Market Revenue, By Company Size, 2015 - 2024 (USD Billion)
      • 8.3.5. U.K.
        • 8.3.5.1. U.K. Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.3.5.2. U.K. Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.3.5.3. U.K. Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.3.6.2. France Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.3.6.3. France Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
      • 8.3.7. Germany
        • 8.3.7.1. Germany Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.3.7.2. Germany Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.3.7.3. Germany Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
      • 8.3.8. Rest of Europe
        • 8.3.8.1. Rest of Europe Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.3.8.2. Rest of Europe Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.3.8.3. Rest of Europe Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Cyber Insurance Market Revenue 2015 - 2024 (USD Billion)
      • 8.4.2. Asia Pacific Cyber Insurance Market Revenue, By End-User Industry, 2015 - 2024 (USD Billion)
      • 8.4.3. Asia Pacific Cyber Insurance Market Revenue, By Product, 2015 - 2024 (USD Billion)
      • 8.4.4. Asia Pacific Cyber Insurance Market Revenue, By Company Size, 2015 - 2024 (USD Billion)
      • 8.4.5. China
        • 8.4.5.1. China Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.4.5.2. China Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.4.5.3. China Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
      • 8.4.6. Japan
        • 8.4.6.1. Japan Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.4.6.2. Japan Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.4.6.3. Japan Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
      • 8.4.7. South Korea
        • 8.4.7.1. South Korea Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.4.7.2. South Korea Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.4.7.3. South Korea Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
      • 8.4.8. Rest of Asia Pacific
        • 8.4.8.1. Rest of Asia Pacific Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.4.8.2. Rest of Asia Pacific Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.4.8.3. Rest of Asia Pacific Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America Cyber Insurance Market Revenue 2015 - 2024 (USD Billion)
      • 8.5.2. Latin America Cyber Insurance Market Revenue, By End-User Industry, 2015 - 2024 (USD Billion)
      • 8.5.3. Latin America Cyber Insurance Market Revenue, By Product, 2015 - 2024 (USD Billion)
      • 8.5.4. Latin America Cyber Insurance Market Revenue, By Company Size, 2015 - 2024 (USD Billion)
      • 8.5.5. Brazil
        • 8.5.5.1. Brazil Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.5.5.2. Brazil Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.5.5.3. Brazil Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
      • 8.5.6. Argentina
        • 8.5.6.1. Argentina Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.5.6.2. Argentina Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.5.6.3. Argentina Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
      • 8.5.7. Rest of Latin America
        • 8.5.7.1. Rest of Latin America Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
        • 8.5.7.2. Rest of Latin America Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
        • 8.5.7.3. Rest of Latin America Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
    • 8.6. Middle East & Africa
      • 8.6.1. Middle East & Africa Cyber Insurance Market Revenue 2015 - 2024 (USD Billion)
      • 8.6.2. Middle East & Africa Cyber Insurance Market Revenue, by End-User Industry, 2015 - 2024 (USD Billion)
      • 8.6.3. Middle East & Africa Cyber Insurance Market Revenue, by Product, 2015 - 2024 (USD Billion)
      • 8.6.4. Middle East & Africa Cyber Insurance Market Revenue, by Company Size, 2015 - 2024 (USD Billion)
  •  
  • Chapter 9. Company Profiles
    • 9.1. Chubb Corporation
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Type portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Munich Re Group
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Type portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. AON PLC
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Type portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. American International Group, Inc.
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Type portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Allianz Global Corporate & Specialty
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Type portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Zurich Insurance Co. Ltd.
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Type portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. XL Group Ltd.
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Type portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Beazley PLC
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Type portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Berkshire Hathaway, Inc.
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Type portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Lockton Companies, Inc.
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Type portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

List of Figures 

1. Global Cyber Insurance Market Segmentation by Application, Component, Architecture, End-Use Industry and Geography
2. Global Cyber Insurance Market, 2017-2024 (USD Billion)
3. Porter’s Five Forces Analysis: Cyber Insurance Market
4. Global Cyber Insurance Market Attractiveness, by End-Use Industry
5. Global Cyber Insurance Market Attractiveness, by Product
6. Global Cyber Insurance Market Attractiveness, by Company Size
7. Global Cyber Insurance Market Attractiveness, by Region
8. Global Cyber Insurance Market Revenue Share, by End-use Industry, 2017 & 2024
9. Global Cyber Insurance Market by Manufacturing, 2015 – 2024 (USD Billion)
10. Global Cyber Insurance Market by Retail, 2015 – 2024 (USD Billion)
11. Global Cyber Insurance Market by IT & Telecom, 2015 – 2024 (USD Billion) 
12. Global Cyber Insurance Market by Government, 2015 – 2024 (USD Billion)
13. Global Cyber Insurance Market by BFSI, 2015 – 2024 (USD Billion) 
14. Global Cyber Insurance Market by Others, 2015 – 2024 (USD Billion) 
15. Global Cyber Insurance Market Revenue Share, by Product, 2017 & 2024
16. Global Cyber Insurance Market by Cyber Security Insurance, 2015 – 2024 (USD Billion)
17. Global Cyber Insurance Market by Cyber Liability Insurance, 2015 – 2024 (USD Billion)
18. Global Cyber Insurance Market by Technology Errors & Omissions, 2015 – 2024 (USD Billion)
19. Global Cyber Insurance Market Revenue Share, by Company Size, 2017 & 2024
20. Global Cyber Insurance Market by Small Corporation, 2015 – 2024 (USD Billion)
21. Global Cyber Insurance Market by Medium Corporation, 2015 – 2024 (USD Billion)
22. Global Cyber Insurance Market by Large Corporation, 2015 – 2024 (USD Billion)
23. Global Cyber Insurance Market Revenue Share, by Region, 2017-2024
24. North America Cyber Insurance Market, 2015-2024, (USD Billion)
25. Europe Cyber Insurance market, 2015-2024, (USD Billion)
26. Asia Pacific Cyber Insurance Market, 2015-2024(USD Billion)
27. Latin America Cyber Insurance Market, 2015 – 2024 (USD Billion)
28. Middle East & Africa Cyber Insurance Market, 2015 – 2024, (USD Billion)


List of Tables

1. Global Cyber Insurance market snapshot
2. Drivers for Cyber Insurance market: Impact analysis
3. Restraints of Cyber Insurance market: Impact analysis
4. North America Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
5. North America Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
6. North America Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
7. U.S. Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
8. U.S. Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
9. U.S. Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
10. Canada Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
11. Canada Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
12. Canada Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
13. Mexico Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
14. Mexico Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
15. Mexico Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
16. Europe Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
17. Europe Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
18. Europe Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
19. U.K. Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
20. U.K. Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
21. U.K. Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
22. France Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
23. France Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
24. France Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
25. Germany Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
26. Germany Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
27. Germany Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
28. Rest of Europe Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
29. Rest of Europe Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
30. Rest of Europe Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
31. Asia Pacific Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
32. Asia Pacific Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
33. Asia Pacific Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
34. China Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
35. China Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
36. China Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
37. Japan Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
38. Japan Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
39. Japan Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
40. South Korea Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
41. South Korea Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
42. South Korea Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
43. Rest of Asia Pacific Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
44. Rest of Asia Pacific Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
45. Rest of Asia Pacific Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
46. Latin America Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
47. Latin America Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
48. Latin America Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
49. Brazil Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
50. Brazil Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
51. Brazil Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
52. Argentina Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
53. Argentina Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
54. Argentina Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
55. Rest of Latin America Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
56. Rest of Latin America Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
57. Rest of Latin America Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)
58. Middle East & Africa Cyber Insurance Market Revenue, By End-use Industry, 2015 – 2024 (USD Billion) 
59. Middle East & Africa Cyber Insurance Market Revenue, By Product, 2015 – 2024 (USD Billion)
60. Middle East & Africa Cyber Insurance Market Revenue, By Company Size, 2015 – 2024 (USD Billion)

Methodology

Free Analysis

Cyber insurance is a kind of insurance in any business firm to reduce the risk of data breach. The insurance is used to prevent data loss, secure privacy, hacking, and theft & extortion. For an organization, cyber insurance covers the legal fees & expense, recovers data, repairs damaged computer systems, and notifies the user of any kind of threat. 

Technological advancement in the manufacturing sector is preliminarily driving the cyber insurance market. Global manufacturing output increased by 3.2% in 2017 from 2016. Top manufacturing countries such as the U.S., the UK, Germany, China, and others contributed almost 40% of the global industrial growth. Major factors contributing to this growth are increasing the adoption of automation and artificial intelligence (AI) in various manufacturing processes. Usage of technology in the manufacturing sector to gain a competitive edge has increased the risk of cyber attacks. Major cyber threats for manufacturers exist in supply chain management, theft of intellectual property, physical damage to products & machinery. Thus, the manufacturing sector will contribute significantly to the growth of the cyber insurance market during the forecast period.

Global Cyber Insurance Market

Cyber insurance helps financial institutes to detect and prevent cyber attacks. As of 2017, almost 35% of all the cyber attacks were targeted towards the banking sector as compared to 20% in 2016. Financial institutions such as Lloyds, Halifax, and the Bank of Scotland along with others have opted for cyber insurance to secure their data. Thus, the global cyber insurance market is expected to propel during the forecast time frame. However, a lengthy and tedious procedure of claiming for data theft can affect the cyber insurance market growth. However, advancements in technology along with government norms for companies to have cyber insurance policies may open new avenues for the market in the near future.

Based on product, the global cyber insurance market is categorized into cybersecurity insurance, cyber liability insurance, and technology errors & omissions insurance. The cybersecurity insurance segment is expected to hold a significant market share during the timeframe. Manufacturing, retail, IT & telecom, government, BFSI, and others are the prominent end-user industries for the cyber insurance market. BFSI segment is projected to grow at a substantial rate during the forecast period.

North America holds a substantial share in the global cyber insurance market and will maintain its dominance in the near future. Increasing usage of artificial intelligence in manufacturing sector along with the rapid advancements in technology are the major drivers for the market growth in this region. Further, the presence of significant market players in the region is projected to propel the cyber insurance market. Rising digitalization along with increasing cyber attacks are the major driving factors for the growth of the cyber insurance market in the Asia Pacific. The Asia Pacific is expected to grow at a significant rate during the analysis period.

Some of the key players in the cyber insurance market are Chubb Corporation, Zurich Insurance Co. Ltd., Munich Re Group, AON Plc, American International Group, Inc., Allianz Global Corporate & Specialty, XL Group Ltd., Beazley Plc, Berkshire Hathaway, Inc., and Lockton Companies, Inc., among others. Most of the companies are concentrating on upgrading their products in accordance with the advanced technology.

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