According to a new report published by Reports Monitor titled, “Global Cyber Insurance, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Cyber Insurance was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Cyber insurance is a financial product used to protect the business organization and individual from the risk related to cyber threats and activities.
Increase in the number of cyber-attacks and threats forms the significant factor in propelling the growth of market. However, lack of standardized policies and low awareness regarding the cyber insurance is mainly restraining the growth of market.
This report provides a detailed analysis of Cyber Insurance, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Global Cyber Insurance market has been segmented majorly on the basis of company size and applications. Based on company size, market is bifurcated into: small, medium and large enterprise, while on the basis of applications, market is bifurcated into: healthcare, retail, BFSI, IT and others.
The geographical analysis of global cyber insurance market primarily involves the study and analysis of: North America, Europe, Asia Pacific and LAMEA. Growing digital environment coupled with rising internet penetration forms the major factor influencing the growth of Asia Pacific region. Increased adoption of smart phone and IoT based technologies also upheld the growth of market. Growing cyber-crimes in Asian Countries is also driving the growth of global cyber insurance market.
The major key companies operating in the global Cyber Insurance market are: The major players operating in the global cyber insurance market are: American International Group, Inc., The Chubb Corporation, Zurich Insurance Co. Ltd, XL Group Ltd, Berkshire Hathaway, Allianz Global Corporate & Specialty, Munich Re Group, Lloyd’s, Lockton Companies, Inc., AON PLC, BitSightTechnologies, Security Scorecard, Pivot Point Risk Analytics, Quadmetrics, Inc., and Bin Insurer Holding, LLC, Beazley Plc.
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