Cyber Insurance Industry Research Report 2024

Cyber Insurance Industry Research Report 2024


Summary
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.

According to APO Research, The global Cyber Insurance market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

North American market for Cyber Insurance is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Cyber Insurance is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Cyber Insurance is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global companies of Cyber Insurance include AIG, Chubb, XL, Beazley, Allianz, Zurich Insurance, Munich Re, Berkshire Hathaway and AON, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Cyber Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cyber Insurance.The Cyber Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Cyber Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights
In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
AIGChubbXLBeazleyAllianzZurich InsuranceMunich ReBerkshire HathawayAONAXIS InsuranceLocktonCNATravelersBCS InsuranceLiberty MutualCyber Insurance segment by Type
Stand-alone Cyber InsurancePackaged Cyber InsuranceCyber Insurance Segment by Application
Financial InstitutionsRetail and WholesaleHealthcareBusiness ServicesManufacturingTechnologyOthersCyber Insurance Segment by Region
North AmericaUnited StatesCanadaEuropeGermanyFranceUKItalyRussiaNordic CountriesRest of EuropeAsia-PacificChinaJapanSouth KoreaSoutheast AsiaIndiaAustraliaRest of AsiaLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEA

Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Cyber Insurance market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Cyber Insurance and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Cyber Insurance.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Cyber Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Cyber Insurance by Type
2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030)
2.2.2 Stand-alone Cyber Insurance
2.2.3 Packaged Cyber Insurance
2.3 Cyber Insurance by Application
2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030)
2.3.2 Financial Institutions
2.3.3 Retail and Wholesale
2.3.4 Healthcare
2.3.5 Business Services
2.3.6 Manufacturing
2.3.7 Technology
2.3.8 Others
2.4 Assumptions and Limitations
3 Cyber Insurance Breakdown Data by Type
3.1 Global Cyber Insurance Historic Market Size by Type (2019-2024)
3.2 Global Cyber Insurance Forecasted Market Size by Type (2025-2030)
4 Cyber Insurance Breakdown Data by Application
4.1 Global Cyber Insurance Historic Market Size by Application (2019-2024)
4.2 Global Cyber Insurance Forecasted Market Size by Application (2019-2024)
5 Global Growth Trends
5.1 Global Cyber Insurance Market Perspective (2019-2030)
5.2 Global Cyber Insurance Growth Trends by Region
5.2.1 Global Cyber Insurance Market Size by Region: 2019 VS 2023 VS 2030
5.2.2 Cyber Insurance Historic Market Size by Region (2019-2024)
5.2.3 Cyber Insurance Forecasted Market Size by Region (2025-2030)
5.3 Cyber Insurance Market Dynamics
5.3.1 Cyber Insurance Industry Trends
5.3.2 Cyber Insurance Market Drivers
5.3.3 Cyber Insurance Market Challenges
5.3.4 Cyber Insurance Market Restraints
6 Market Competitive Landscape by Players
6.1 Global Top Cyber Insurance Players by Revenue
6.1.1 Global Top Cyber Insurance Players by Revenue (2019-2024)
6.1.2 Global Cyber Insurance Revenue Market Share by Players (2019-2024)
6.2 Global Cyber Insurance Industry Players Ranking, 2022 VS 2023 VS 2024
6.3 Global Key Players of Cyber Insurance Head office and Area Served
6.4 Global Cyber Insurance Players, Product Type & Application
6.5 Global Cyber Insurance Players, Date of Enter into This Industry
6.6 Global Cyber Insurance Market CR5 and HHI
6.7 Global Players Mergers & Acquisition
7 North America
7.1 North America Cyber Insurance Market Size (2019-2030)
7.2 North America Cyber Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 North America Cyber Insurance Market Size by Country (2019-2024)
7.4 North America Cyber Insurance Market Size by Country (2025-2030)
7.5 United States
7.6 Canada
8 Europe
8.1 Europe Cyber Insurance Market Size (2019-2030)
8.2 Europe Cyber Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Europe Cyber Insurance Market Size by Country (2019-2024)
8.4 Europe Cyber Insurance Market Size by Country (2025-2030)
8.5 Germany
8.6 France
8.7 U.K.
8.8 Italy
8.9 Russia
8.10 Nordic Countries
9 Asia-Pacific
9.1 Asia-Pacific Cyber Insurance Market Size (2019-2030)
9.2 Asia-Pacific Cyber Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Asia-Pacific Cyber Insurance Market Size by Country (2019-2024)
9.4 Asia-Pacific Cyber Insurance Market Size by Country (2025-2030)
9.5 China
9.6 Japan
9.7 South Korea
9.8 Southeast Asia
9.9 India
9.10 Australia
10 Latin America
10.1 Latin America Cyber Insurance Market Size (2019-2030)
10.2 Latin America Cyber Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Latin America Cyber Insurance Market Size by Country (2019-2024)
10.4 Latin America Cyber Insurance Market Size by Country (2025-2030)
10.5 Mexico
10.6 Brazil
11 Middle East & Africa
11.1 Middle East & Africa Cyber Insurance Market Size (2019-2030)
11.2 Middle East & Africa Cyber Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
11.3 Middle East & Africa Cyber Insurance Market Size by Country (2019-2024)
11.4 Middle East & Africa Cyber Insurance Market Size by Country (2025-2030)
11.5 Turkey
11.6 Saudi Arabia
11.7 UAE
12 Players Profiled
12.1 AIG
12.1.1 AIG Company Information
12.1.2 AIG Business Overview
12.1.3 AIG Revenue in Cyber Insurance Business (2019-2024)
12.1.4 AIG Cyber Insurance Product Portfolio
12.1.5 AIG Recent Developments
12.2 Chubb
12.2.1 Chubb Company Information
12.2.2 Chubb Business Overview
12.2.3 Chubb Revenue in Cyber Insurance Business (2019-2024)
12.2.4 Chubb Cyber Insurance Product Portfolio
12.2.5 Chubb Recent Developments
12.3 XL
12.3.1 XL Company Information
12.3.2 XL Business Overview
12.3.3 XL Revenue in Cyber Insurance Business (2019-2024)
12.3.4 XL Cyber Insurance Product Portfolio
12.3.5 XL Recent Developments
12.4 Beazley
12.4.1 Beazley Company Information
12.4.2 Beazley Business Overview
12.4.3 Beazley Revenue in Cyber Insurance Business (2019-2024)
12.4.4 Beazley Cyber Insurance Product Portfolio
12.4.5 Beazley Recent Developments
12.5 Allianz
12.5.1 Allianz Company Information
12.5.2 Allianz Business Overview
12.5.3 Allianz Revenue in Cyber Insurance Business (2019-2024)
12.5.4 Allianz Cyber Insurance Product Portfolio
12.5.5 Allianz Recent Developments
12.6 Zurich Insurance
12.6.1 Zurich Insurance Company Information
12.6.2 Zurich Insurance Business Overview
12.6.3 Zurich Insurance Revenue in Cyber Insurance Business (2019-2024)
12.6.4 Zurich Insurance Cyber Insurance Product Portfolio
12.6.5 Zurich Insurance Recent Developments
12.7 Munich Re
12.7.1 Munich Re Company Information
12.7.2 Munich Re Business Overview
12.7.3 Munich Re Revenue in Cyber Insurance Business (2019-2024)
12.7.4 Munich Re Cyber Insurance Product Portfolio
12.7.5 Munich Re Recent Developments
12.8 Berkshire Hathaway
12.8.1 Berkshire Hathaway Company Information
12.8.2 Berkshire Hathaway Business Overview
12.8.3 Berkshire Hathaway Revenue in Cyber Insurance Business (2019-2024)
12.8.4 Berkshire Hathaway Cyber Insurance Product Portfolio
12.8.5 Berkshire Hathaway Recent Developments
12.9 AON
12.9.1 AON Company Information
12.9.2 AON Business Overview
12.9.3 AON Revenue in Cyber Insurance Business (2019-2024)
12.9.4 AON Cyber Insurance Product Portfolio
12.9.5 AON Recent Developments
12.10 AXIS Insurance
12.10.1 AXIS Insurance Company Information
12.10.2 AXIS Insurance Business Overview
12.10.3 AXIS Insurance Revenue in Cyber Insurance Business (2019-2024)
12.10.4 AXIS Insurance Cyber Insurance Product Portfolio
12.10.5 AXIS Insurance Recent Developments
12.11 Lockton
12.11.1 Lockton Company Information
12.11.2 Lockton Business Overview
12.11.3 Lockton Revenue in Cyber Insurance Business (2019-2024)
12.11.4 Lockton Cyber Insurance Product Portfolio
12.11.5 Lockton Recent Developments
12.12 CNA
12.12.1 CNA Company Information
12.12.2 CNA Business Overview
12.12.3 CNA Revenue in Cyber Insurance Business (2019-2024)
12.12.4 CNA Cyber Insurance Product Portfolio
12.12.5 CNA Recent Developments
12.13 Travelers
12.13.1 Travelers Company Information
12.13.2 Travelers Business Overview
12.13.3 Travelers Revenue in Cyber Insurance Business (2019-2024)
12.13.4 Travelers Cyber Insurance Product Portfolio
12.13.5 Travelers Recent Developments
12.14 BCS Insurance
12.14.1 BCS Insurance Company Information
12.14.2 BCS Insurance Business Overview
12.14.3 BCS Insurance Revenue in Cyber Insurance Business (2019-2024)
12.14.4 BCS Insurance Cyber Insurance Product Portfolio
12.14.5 BCS Insurance Recent Developments
12.15 Liberty Mutual
12.15.1 Liberty Mutual Company Information
12.15.2 Liberty Mutual Business Overview
12.15.3 Liberty Mutual Revenue in Cyber Insurance Business (2019-2024)
12.15.4 Liberty Mutual Cyber Insurance Product Portfolio
12.15.5 Liberty Mutual Recent Developments
13 Report Conclusion
14 Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings