The Business Research Company’s Cyber
Insurance Market covers market characteristics, size and growth,
segmentation, regional and country breakdowns, competitive landscape, market
shares, trends and strategies for this market.
The cyber insurance market
consists of sales of cyber insurance products and related services by entities
(organizations, sole traders and partnerships) that are involved in
underwriting (assuming the risk and assigning premiums) annuities and cyber
insurance policies.
A cyber insurance policy, also referred to as cyber risk insurance or
cyber liability insurance coverage, is an insurance product designed to help
businesses mitigate risk exposure by offsetting costs involved with recovery
after a cyber-related security breach or similar event such as malware,
ransomware, and distributed denial-of-service (DDoS) attacks.
Cyber Insurance Global Market Report
Growth In Cyber Attacks — During the
historic period, the increased number of cyber-attacks targeting financial data
of corporates and individuals drove the cyber insurance market. According to
Symantec’s Internet Security Threat Report 2019, the number of web attacks in
2018 increased by 56%. Among the cyber-attacks, enterprise ransomware
infections, malicious software designed to deny access to the system until a
ransom is paid, increased by 12% with the number of Dharma/Crysis infection
attempts almost tripling from an average of 1473 attacks per month in 2017 to
4900 attacks per month in 2018. During the same period, the share of Microsoft
Office files attachments in malicious emails increased from 5% to 48%, and
supply chain attacks mainly targeting e-commerce operated businesses registered
an increase of 78% . The increased number of cyber-attacks pushed enterprises
to initiate data restoring practices including cyber insurance driving the
market.
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North America was the largest
region in the global cyber insurance market, accounting for 55.8% of the total
in 2018. It was followed by Asia Pacific, Western Europe, and then the other
regions. Going forward, the fastest-growing regions in the cyber insurance
market will be South America and Eastern Europe.
Table Of Contents
1. Cyber Insurance Market Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
6. Introduction
7. Cyber Insurance Market Characteristics
8. Cyber Insurance Market Supply Chain
9. Cyber Insurance Market Customer Information
10. Cyber Insurance Market Trends And Strategies
11. Global Cyber Insurance Market – Timeline
List Of Tables
Table 1: Global Cyber Insurance
Market-Timeline
Table 2: Global Cyber Insurance
Market, Historic Market Size, 2014 - 2018, $ Million
Table 3: Global Cyber Insurance
Market, Forecast Market Size, 2018 - 2022, $ Million
Table 4: Global Cyber Insurance
Market, 2018, Split By Region
Table 5: Global Cyber Insurance
Market, 2014 - 2022, Historic And Forecast Growth Rate, Split By Region
Table 6: Global Cyber Insurance
Market, 2018-2022, Growth And Market Share Comparison, By Region
Table 7: Global Cyber Insurance
Market, 2018-2022, Growth And Market Share Comparison, By Region
Table 8: Global Cyber Insurance
Market, 2018, Split By Country
Table 9: Global Cyber Insurance
Market, 2014 - 2022, Historic And Forecast Growth Rate, Split By Country
Table 10: Global Cyber Insurance
Market, 2018-2022, Growth And Market Share Comparison, By Country
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