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Global Cyber Insurance Market Size, Status Segmentation, Demand, Growth, Trend, Opportunity and Forecast to 2027

Press release   •   Apr 29, 2019 09:50 IST

Global Cyber Insurance Market

Cyber insurance also refers to as cyber liability or cyber risk insurance, is designed to facilitate the organizations to moderate the risk exposure by offsetting the costs associated with recovery from a cyber-security breach. A data breach is one of the key risk, which is insured under cyber insurance. Cyber insurance comprises of compensatory damages from lawsuits associated with a data breach including technological errors and omissions. The cyber insurance market growth is driven by rising awareness regarding cyber risks among enterprises as well as the surging number of cyber-attack in the recent past. However, factors such as the complex and dynamic nature of cyber risks are the major factor hindering the cyber insurance market growth. Further, low cyber insurance market penetration in emerging countries offers a prospective opportunity for market growth.

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Some of The Leading Players In Global Market:

  • Allianz Global Corporate & Specialty
  • American International Group, Inc.
  • Chubb Limited
  • GSK Insurance
  • Lockton Companies, Inc.
  • Munich Re Group
  • Travelers Companies
  • XL Group Ltd
  • Zurich Insurance Co. Ltd

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cyber insurance market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The cyber insurance market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the cyber insurance market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and SAM after evaluating political, economic, social and technological factors affecting the cyber insurance market in these regions.

The reports cover key developments in the cyber insurance market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the cyber insurance market are anticipated to lucrative growth opportunities in the future with the rising demand for cyber insurance in the global market. Below mentioned is the list of few companies engaged in the cyber insurance market.

The report also includes the profiles of key cyber insurance companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.

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