Cyber Insurance Market

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.

Cyber Insurance Market contains market size and forecasts of Cyber Insurance in Global, including the following market information:

Global Cyber Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Cyber Insurance market was valued at 9593.9 million in 2021 and is projected to reach US$ 68230 million by 2028, at a CAGR of 32.3% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Stand-alone Cyber Insurance Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Cyber Insurance include AIG, Chubb, XL, Beazley, Allianz, Zurich Insurance, Munich Re, Berkshire Hathaway and AON, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Cyber Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Cyber Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Cyber Insurance Market Segment Percentages, by Type, 2021 (%)

Stand-alone Cyber Insurance

Packaged Cyber Insurance

Global Cyber Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Cyber Insurance Market Segment Percentages, by Application, 2021 (%)

Financial Institutions

Retail and Wholesale

Healthcare

Business Services

Manufacturing

Technology

Others

Global Cyber Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Cyber Insurance Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Cyber Insurance revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Cyber Insurance revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

AIG

Chubb

XL

Beazley

Allianz

Zurich Insurance

Munich Re

Berkshire Hathaway

AON

AXIS Insurance

Lockton

CNA

Travelers

BCS Insurance

Liberty Mutual