Cyber security insurance is a contract that an individual or entity can purchase to help reduce the financial risks associated with doing business online. In exchange for a monthly or quarterly fee, the insurance policy transfers some of the risk to the insurer. Many companies purchase cybersecurity insurance policies to cover extra expenditures that could result from the physical destruction or theft of digital assets. Such expenditures typically include the cost of notifying customers that a security breach has incurred, as well as the cost of regulatory compliance fines.
The Global Cyber Insurance Market is expected to registering a CAGR of +27% during the forecast period 2019-2026.
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Analysis of Cyber Security Insurance market and its upcoming growth prospects is been mentioned with maximum precision. This study includes an elaborative summary of market which also includes snapshots that offer depth of information of various other segmentations. Through qualitative and quantitative analysis of key factors which are responsible for boosting or hampering the market growth and the promising opportunities in market have been provide.
Key Players Included in the Value Chain, American International Group, 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, BitSight Technologies, Security Scorecard, Pivot Point Risk Analytics, Quadmetrics, Bin Insurer Holding, LLC, Beazley
Rise in cyber data breaches and increasing adoption of cloud-based services are a few factors driving the growth of cyber security insurance market, whereas, high costs is inhibiting its growth.
Asia-Pacific to Project the Fastest Growth:
Asia-Pacific is a very lucrative market for cyber security insurance companies. The companies in this region are prone to cyber-attacks owing to poor protection against cyber-attacks. Though cyber security insurance market is at nascent stage in this region but it is growing rapidly. In India, the demand for cyber security insurance rose by more than 50% in 2018 as compared to that with 2017. Around 250 companies, including banks, bought cyber security insurance in 2018.
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This report also assays delicate market issue such as drivers, restraints, and opportunities along with their effect on the growth of the market. The report also discloses the analysis of present industry trends and opportunities of the Cyber Security Insurance Market.
The report also implements primary and secondary research techniques for gathering the most crucial pieces of professional information, and applies a number of industry-best techniques upon the data for projecting the future state of the global Specialty Cyber Security Insurance market. Based on current market development, the report includes an analysis of how activities such as mergers and shapes the market’s future
Reasons To Purchase This Report:
To know, how various factors are driving the market with respect to the global market scenario
To analyze various market perspectives, with the help of Porter’s five forces analysis
To know, which of the regions is expected to witness the fastest growth rate during the forecast period
To identify the latest developments, market shares, and strategies that are employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
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Table of Contents:
Global Cyber Security Insurance Market Research Report
Chapter 1 Cyber Security Insurance Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
…….CONTINUED FOR TOC