Featuring Key Players Allianz, Fairfax, Chubb & Others

Featuring Key Players Allianz, Fairfax, Chubb & Others


DUBLIN, July 7, 2022 / PRNewswire / – The Cybersecurity Insurance Marketplace by Component (Solutions and Services), Type (Standalone and Packaging), Coverage (Data Breach and Cyber ​​Liability), Organization Size, End User Technology and Insurance ) and region – Global forecast for The 2027 report has been added “. ResearchAndMarkets.com’s offering.

The overall size of the cybersecurity insurance market in the post-COVID-19 scenario is expected to grow from $ 11.9 billion in 2022 a $ 29.2 billion in 2027, at a CAGR of 19.6% during the forecast period.

For insurance coverage, the cyber liability segment is expected to have a larger market size during the forecast period.

Cyber ​​risk insurance or cyber liability insurance coverage helps an organization cover the cost of recovering from a data breach, virus, or other cyberattack. Cyber ​​liability insurance covers expenses related to first persons as well as third party claims. The cybersecurity insurance policy covers some reimbursable expenses, such as investigations, business losses, lawsuits and extortion, and privacy and notification.

The growing sophistication of cyberattacks and strict regulatory mandates persuade companies to proactively adopt cybersecurity insurance solutions. Cyber ​​liability coverage policies can help insurers provide first-party and third-party cyber coverage to avoid the subsequent effects of a security breach that could lead to critical business losses.

Key topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 Insights premium
4.1 Increase in cyber and ransomware attacks to drive market growth
4.2 Cybersecurity insurance analysis platforms and cyber liability segment to take into account the largest size of the market in 2022
4.3 Cybersecurity insurance analysis platforms and cyber liability segment to take into account the largest size of the market in 2022
4.4 Cybersecurity insurance analysis platforms and cyber liability segment to take into account the largest size of the market in 2022
4.5 Singapore grow at the highest rate during the forecast period

5 Market overview
5.1 Market dynamics
5.1.1 Drivers
5.1.1.1 Increase in mandatory cybersecurity regulations and legislation to increase the demand for insurance protection
5.1.1.2 High rate of recovery of financial losses to encourage market growth
5.1.1.3 Increasing the frequency and sophistication of cyber threats
5.1.2 Containments
5.1.2.1 Lack of awareness related to cybersecurity insurance and reluctance to choose cybersecurity insurance over cybersecurity solutions
5.1.2.2 Increase in the costs of cybersecurity insurance
5.1.3 Opportunities
5.1.3.1 Exclusion of damage insurance (D&D) cybersecurity insurance coverage
5.1.3.2 Adoption of artificial intelligence and Blockchain technology for risk analysis
5.1.4 Challenges
5.1.4.1 Cyber ​​insurers struggle to gain traction despite rising cybersecurity risks
5.1.4.2 Data privacy concerns
5.1.4.3 Lack of understanding, technical knowledge and absence of historical cyber data for an effective subscription
5.3 Value Chain Analysis
5.4 Ecosystem
5.5 Average sales price trend
5.6 Technological Analysis
5.7 Regulatory implications of cybersecurity
5.8 Use cases
5.9 Patent analysis
5.10 Porter’s Five Forces Model

6 Cybersecurity insurance market, by component
6.1 Introduction
6.1.1 Component: market drivers
6.1.2 Component: Impact of COVID-19
6.2 Solutions
6.2.1 to provide high data security and prevent data breaches
6.2.2 Cybersecurity insurance analysis platforms
6.2.3 Disaster recovery and business continuity
6.2.4 Cybersecurity solutions
6.2.4.1 Cyber ​​risk and vulnerability assessment
6.2.4.2 Resilience of cybersecurity
6.3 Services
6.3.1 Need for professional consultants to provide a service response 24 hours a day, 7 days a week
6.3.2 Consulting / Advice
6.3.3 Security awareness training
6.3.4 Other services

7 Cybersecurity insurance market, for insurance coverage
7.1 Introduction
7.1.1 Insurance coverage: market drivers
7.1.2 Insurance coverage: impact of COVID-19
7.2 Data breach
7.2.1 to protect the company against security and cyber violations
7.2.2 Data loss
7.2.3 Denial of service and downtime
7.2.4 Ransomware attacks
7.2.5 Other suppliers
7.3 Cyber ​​responsibility
7.3.1 to reduce the cost of data recovery for data breaches and cyberattacks
7.3.2 Type
7.3.2.1 Data protection and privacy costs
7.3.2.2 Penalty for non-compliance
7.3.2.3 Protection of the trademark and related intellectual property
7.3.2.4 Another type of cyber liability
7.3.3 Source / destination
7.3.3.1 Intern
7.3.3.2 External

8 Cybersecurity insurance market, by type of insurance
8.1 Introduction
8.1.1 Types of insurance: market drivers
8.1.2 Type of insurance: impact of COVID-19
8.2 Packaging
8.2.1 Promote digital transformation and support traditional policies
8.3 Self-employed
8.3.1 to manage complex cyber risks and improve protection against cyber risks

9 Cybersecurity insurance market, by size of organization
9.1 Introduction
9.1.1 Size of the organization: market drivers
9.1.2 Size of the organization: impact of COVID-19
9.2 Large companies
9.2.1 Large companies developing a strong security system to prevent cyberattacks
9.3 Small and medium-sized enterprises
9.3.1 to reduce financial losses from cyberattacks

10 Cybersecurity insurance market, by end user
10.1 Introduction
10.1.1 End users: market drivers
10.1.2 End users: impact of COVID-19
10.2 Technology providers
10.2.1 The need for cybersecurity insurance packages has increased to support digital transformation
10.2.2 End users: engines of the cybersecurity insurance market
10.2.3 Insurance companies
10.2.4 Third-party administrators, brokers and consultants
10.2.5 Government agencies
10.3 Insurance providers
10.3.1 Subscribe to insurance policies to improve the cybersecurity systems of organizations
10.3.2 Financial services
10.3.3 Health and life sciences
10.3.4 Retail and e-commerce
10.3.5 Telecommunications
10.3.6 Travel, tourism and hospitality

11 Cybersecurity insurance market, by region

12 Competitive landscape

13 company profiles

Mentioned companies

  • Accenture
  • AIG
  • Allianz
  • WHERE
  • Arceo
  • Arthur J Gallagher
  • In the Bay
  • Attackiq
  • AXA Xl
  • Axis capital
  • Beazley
  • Bit view
  • Broadcom
  • Checkpoint
  • Chubb
  • Cisco
  • CNA
  • Coalition
  • Cronus Cyber ​​Technologies
  • Cyber ​​compensation solutions
  • Cyberark
  • Cybernetics
  • CYE
  • Cyence (acquired by Guidewire Software)
  • Cylance
  • Fairfax
  • Eye of fire
  • Shield Founder
  • Profiles of insurance providers
  • Cover
  • Liberty Mutual Holding
  • Lloyd’s of London
  • Lockton
  • Microsoft
  • Munich RE
  • Prevalent
  • Red stamp
  • No risk
  • Security breach
  • Sayata Labs
  • Security
  • Security score card
  • Sentinel
  • Sompo International
  • Travelers
  • On the rise
  • Sure

For more information on this report, visit https://www.researchandmarkets.com/r/o8u8pg

Contact with the media:

Research and Markets
Laura WoodSenior Manager
[email protected]

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SOURCE Research and Markets



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