Cyber Insurance Market Outlook Size Study, By Type, By Application And Regional Forecasts 2019-2030

By Author: prachit sharma
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Bharat Book Bureau Provides the Trending Market Research Report on “Cyber Insurance Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030” under Service Market Research Reports Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Cyber Insurance Market:
Product Overview
Cyber Insurance is meant to assist a corporation with cyber-related security violations or similar occurrences. It offers first-party coverage and third-party claims to mitigate liability exposure by offsetting the costs of recovery from internet-based cyber losses. It usually entails damages from violations of network security, loss of privacy, reimbursement from data breach litigation, and others.

Market Segments:
By Policy
-Data Breach,
-Identity Theft,
-Malware Attack,
-Phishing and Email Spoofing;

By Organization Size
-Large Enterprises SMEs,
-Small Enterprises SMEs
-Medium-sized Enterprises SMEs

By Product Type
-Standalone
-Integrated

By ...
... Application
-BFS,
-Retail,
-BFS,
-IT & ITeS,
-Others;

Region
Analysis of Market Size,
Share & Trends for 2014 – 2019
Forecasts to 2030

Market Highlights
Cyber Insurance Market is expected to project a notable CAGR of 26.2% in 2030.
Cyber Insurance Market to surpass USD 22.5 billion by 2030 from USD 4.3 billion in 2018 at a CAGR of 26.2% throughout the forecast period, i.e., 2019-30. Several problems related to the management of digital security and privacy have been generated by rising digitalization within companies and economies.

Cyber Insurance Market: Segments
SMEs segment to grow with the highest CAGR during 2019-30
Cyber Insurance Market is segmented by Organization Size as SMEs and Large enterprises. The greater market share in 2018 was accounted by Large enterprises segment. For the implementation of comprehensive cybersecurity strategies, these organizations have greater spending power. In addition, major companies are increasingly investing in cyber insurance plans to minimize cyber attack-related risks.

Cyber Insurance Market: Market Dynamics : Drivers
Rising cyber-attacks and Cyber Insurance Demand in Healthcare Sector
The frequency of cyber-attacks around the world has risen in several ways, with a significant number of cases being documented with regard to personal data breaches, such as email addresses, social security numbers, credit card numbers, passwords, and other sensitive details. The healthcare sector, which is increasingly changing itself technologically, is also largely exposed to such risks with cyber-attacks that lead to both financial losses and data protection compromise.

Cyber Insurance Market: Restrain
Soaring cyber insurance costs
The lack of standardized policies is expected to discourage enterprises from purchasing cyber insurance policies, which can be a restrictive factor in the development of the cyber insurance industry. One of the major factors hindering the growth of the cyber insurance industry is the higher cost of cyber insurance. Owing to the ransomware attacks of the last two to three years, insurance firms have had to pay out costly claims. And if the ransom amount is not covered by the cyber insurance providers, the recovery cost is high for the compromised device.

Cyber Insurance Market: Key Players
• Allianz
-Company Overview
-Business Strategy
-Key Product Offerings
-Financial Performance
-Key Performance Indicators
-Risk Analysis
-Recent Development
-Regional Presence
-SWOT Analysis

• American International Group, Inc.
• Aon plc
• AXA
• Berkshire Hathway Inc.
• Lloyd’s of London Ltd.
• Lockton Companies, Inc.
• Munich Re
• The Chubb Corporation
• Zurich

Cyber Insurance Market: Regions
Cyber Insurance Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

North America
Cyber Insurance Market in North America held the largest market share of XX.X% in the year 2018 and it is expected to continue its market dominance in the future as sustainable and well-established economies allow North America to make substantial investments in research and development (R&D) activities, thus leading to the development of new technologies in the market for cyber insurance. It is expected that the presence of the majority of key players in the cyber insurance market will be the main factor driving market growth in this area.

Asia Pacific
Over the forecast era, Asia Pacific is anticipated to rise at the highest CAGR. Cybercrimes are on the rise in developing countries like India, Australia and China. The growing importance of Asian countries in the global economy has drawn attention of the government and compelled these emerging economies to improve their cyber security. This has encouraged cyber insurance companies to potentially take advantage of the opportunity by providing risk plans and endorsing cyber products to improve industry protection strategies.

Cyber Insurance Market report also contains analysis on:
Cyber Insurance Market Segments:
By Policy:
• Data Breach
• Identity Theft
• Malware Attack
• Phishing
• Email Spoofing

By insurance type:
• Standalone
• Integrated

By Organization Size:
• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)

By Vertical:
• BFS
• Healthcare
• IT & Telecom
• Retail
• Others

Cyber Insurance Market Dynamics
• Cyber Insurance Market Size
• Supply & Demand

Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Browse our full report with Table of Content :
https://www.bharatbook.com/report/884082/cyber-insurance-market-outlook-industry-insights-opportunity-evaluation

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