Cyber Insurance Market Report has newly added to its massive repository. Different industry-specific methods have been used for analyzing the market carefully. The informative data has been inspected through primary and secondary research techniques. The global Cyber Insurance market has been analyzed by focusing on different verticals of the businesses such as market trends, regional outlook, competitive landscape, key players, business approaches, and standard operating procedures.
The global Cyber Insurance market size was 2920 million US$ and it is expected to reach 29800 million US$ by the end of 2025, with a CAGR of 33.7% during 2019-2025.
An exclusive Cyber Insurance Market research report contains a brief on those trends which may enable the companies operating into know to strategize and the current sector to their small enterprise expansion. The investigation report analyses the market size, industry share, growth, key sections, CAGR, and drivers.
The major manufacturers covered in this report: AIG, Chubb, XL Group, Beazley, Allianz, Zurich Insurance, Munich Re Group, Berkshire Hathaway, AON, AXIS Insurance, Lockton, CNA, Travelers, BCS Insurance, Liberty Mutual, Others….
North America dominates the cyber insurance market and accounts for around 89% of the overall cyber insurance market in 2016. Mandatory legislation regarding cyber security in several U.S. states has led to higher penetration of cyber liability insurance policies. Europe has very less penetration of cyber insurance liability policies as compared to that of the U.S. The European council has recently passed regulations regarding data protection and security, which are projected to be brought into effect in 2018. These regulations would oblige companies to purchase cyber insurance policies. Though Asia-Pacific accounts for negligible percentage share, it is expected to grow at a significant CAGR during the forecast period owing to a significant increase in ransomware attacks.
Most cyber insurance writers have shifted their writings to standalone policies and away from packaged policies; we found that more than 67% of the $2.19 billion total direct premiums written in 2016 were on a standalone basis. Insurers view standalone policies as more efficient and effective than packaged policies.
The top 3 cyber insurance writers are American International Group (AIG), Chubb and XL Group; these 3 companies had a combined market share of over 30 percent in 2016. The top 15 writers of cyber in this report held approximately 64 percent of the market in 2016.
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The Cyber Insurance market can be divided based on product types and It’s sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Cyber Insurance Market on the basis of Types are:
Stand-alone Cyber Insurance
Packaged Cyber Insurance
On The basis Of Application, the Global Cyber Insurance Market is Segmented into:
Retail and Wholesale
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The browse Full report description and TOC:
Regions Are covered By Cyber Insurance Market Report 2020 To 2026.
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Cyber Insurance Market
– Changing Cyber Insurance market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected Cyber Insurance market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Cyber Insurance Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
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