Cybersecurity Insurance Market by Component (Solutions and Services), Type (Standalone & Packaged), Coverage (Data Breach & Cyber Liability), Compliance Requirement, End User (Technology & Insurance) and Region - Global Forecast to 2028

Cybersecurity Insurance Market by Component (Solutions and Services), Type (Standalone & Packaged), Coverage (Data Breach & Cyber Liability), Compliance Requirement, End User (Technology & Insurance) and Region - Global Forecast to 2028



The Cybersecurity insurance market is estimated at USD 14.4 billion in 2023 and is projected to reach USD 33.4 billion by 2028, at a CAGR of 18.3% from 2023 to 2028. Cybersecurity insurance has become increasingly important for organizations due to stricter data protection and privacy regulations like GDPR in Europe and CCPA in California. These regulations place a higher responsibility on businesses to safeguard sensitive data. Cybersecurity insurance helps organizations comply with these regulations and provides financial protection in the event of non-compliance.

By end users, the insurance providers segment to hold the largest market size during the forecast period.

The increasing complexity of cyber risks due to the widespread use of connected devices emphasizes the significance of cybersecurity insurance solutions and services. This growing demand for insurance coverage has motivated providers to offer tailored cyber policies that address the unique needs of organizations. The majority of these insurance providers are based in the United States and include reputable companies such as Berkshire Hathaway, Fairfax Financial, Sompo International, Hartford, Tokio Marine, Zurich, Liberty Mutual, BCS Insurance, AXIS, CNA, Beazley, Travelers Insurance, AIG, AXA XL, and Chubb. These providers offer a diverse range of customizable cyber coverage options, ensuring organizations can find policies that align with their specific requirements. In addition, they provide round-the-clock claims filing services and valuable resources to aid in the recovery process following large-scale cyberattacks.

Based on services, the security awareness training segment is expected to register the fastest growth rate during the forecast period.

Security awareness training plays a crucial role in the emerging cybersecurity insurance market, as it helps to educate end users about the importance of this type of coverage. In August 2019, Cofense, a provider of intelligent phishing defense solutions, partnered with CNA, a property and casualty insurance company. As part of this collaboration, CNA policyholders gained access to Cofense solutions, including security awareness training. This training was integrated into CNA's suite of cyber liability insurance products to enhance policyholders' understanding of cybersecurity risks. Another example is Zeguro, which offers a Security Training module that delivers monthly training modules, automated security training, and evaluates the cybersecurity knowledge of enterprises. This training assists employees in achieving compliance goals for regulations such as PCI-DSS, HIPAA, and GDPR.

""Asia Pacific to register the highest growth rate during the forecast period.""

The Asia Pacific region, including countries like China, Japan, ANZ, and Singapore, is witnessing significant growth opportunities for the cybersecurity insurance market due to increasing security concerns and technological advancements. Asia Pacific faces higher cyber risks, with insecure interfaces, data breaches, and data losses being prominent threats. The region's rapid connectivity growth and digital transformation make it vulnerable to cyber exploitation. The Chubb Asia Pacific SME Cyber Preparedness Report 2019 highlights SMEs' under-preparedness in managing cyber risks, while increasing regulatory developments drive the demand for cybersecurity insurance. Zurich Insurance predicts substantial market growth in Asia Pacific, with major players like AIG, Allianz, Chubb, and Zurich operating in the region.

Breakdown of primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:

By Company Type: Tier 1 – 55%, Tier 2 – 30%, and Tier 3 – 15%

By Designation: C-level –40%, D-level – 25%, and Others – 35%

By Region: North America – 60%, Europe – 20%, Asia Pacific – 12%, Middle East & Africa– 6%, and Latin America– 2%.

The major players in the Cybersecurity insurance market are BitSight (US), Prevalent (US), RedSeal (US), SecurityScorecard (US), Cyber Indemnity Solutions (Australia), Cisco (US), UpGuard (US), Microsoft (US), Check Point (US), AttackIQ (US), SentinelOne (US), Broadcom (US), Accenture (Ireland), Cylance (US), FireEye (US), CyberArk (US), CYE (Israel), SecurIT360 (US), and Founder Shield (US). The insurance vendors covered in the cybersecurity insurance market are Allianz (Germany), AIG (US), Aon (UK), Arthur J. Gallagher & Co (US), Travelers Insurance (US), AXA XL (US), AXIS Capital (Bermuda), Beazley (UK), Chubb (Switzerland), CNA Financial (US), Fairfax Financial (Canada), Liberty Mutual (US), Lloyd’s of London (UK), Lockton (US), Munich Re Group (Germany), and Sompo International (Bermuda). The startup vendors covered in the cybersecurity insurance market are At-Bay (US), Cybernance (US), CyberCube (US), Coalition (US), Arceo.ai (US), Kovrr (Israel), Sayata Labs (Israel), Zeguro (US), RiskSense (US), SafeBreach (US), and Cronus Cyber Technologies (Israel). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, and product enhancements, and acquisitions to expand their footprint in the Cybersecurity insurance market.

Research Coverage

The market study covers the Cybersecurity insurance market size across different segments. It aims at estimating the market size and the growth potential across different segments, including offerings (solutions, and services), insurance coverage, insurance type, compliance requirements, end user, and region. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global Cybersecurity insurance market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market's pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Surge in mandatory cybersecurity regulations and legislations to boost demand for insurance protection, High rate of recovery of financial losses to promote growth of cybersecurity insurance market, and Increase in the frequency and sophistication of cyber threats), restraints (Lack of awareness related to cybersecurity insurance and reluctance in choosing cybersecurity insurance over cybersecurity solutions, and Soaring cybersecurity insurance costs), opportunities (Exclusion of cybersecurity insurance cover from Property and Casualty (P&C) insurance, and Adoption of artificial intelligence and blockchain technology for risk analytics), and challenges (Cyber insurers grapple to gain traction despite soaring cybersecurity risks, Data privacy concerns, and Lack of understanding, technical knowledge, and absence of historical cyber data for effective underwriting) influencing the growth of the Cybersecurity insurance market. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Cybersecurity insurance market. Market Development: Comprehensive information about lucrative markets – the report analyses the Cybersecurity insurance market across various regions. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Cybersecurity insurance market. Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like BitSight (US), Prevalent (US), RedSeal (US), SecurityScorecard (US), Cyber Indemnity Solutions (Australia), Cisco (US), UpGuard (US), Microsoft (US), Check Point (US), AttackIQ (US), SentinelOne (US), Broadcom (US), Accenture (Ireland), Cylance (US), FireEye (US), CyberArk (US), CYE (Israel), SecurIT360 (US).


1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Currency Considered
Table 1 Usd Exchange Rates, 2019–2022
1.5 Summary Of Changes
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 1 Cybersecurity Insurance Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakup Of Primary Profiles
2.1.2.2 Primary Sources
2.1.2.3 Key Industry Insights
2.2 Market Breakup And Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-down Approach
Figure 2 Market Size Estimation Methodology: Top-down Approach
2.3.2 Bottom-up Approach
Figure 3 Market Size Estimation Methodology: Bottom-up Approach
Figure 4 Market Size Estimation Methodology–approach 1 (Supply Side): Revenue From Solutions/Services Of Cybersecurity Insurance Vendors
Figure 5 Market Size Estimation Methodology–approach 2, Bottom Up (Supply Side): Collective Revenue From All Solutions, Services, And Insurance Policies Of Cybersecurity Insurance Vendors
Figure 6 Market Size Estimation Methodology–approach 3, Top Down (Demand Side): Share Of Cybersecurity Insurance In Overall Information Technology Market
2.4 Market Forecast
Table 2 Factor Analysis
2.5 Assumptions
2.6 Limitations
2.7 Cybersecurity Insurance Market: Recession Impact
3 Executive Summary
3.1 Cybersecurity Insurance Coverage
Figure 7 Cybersecurity Insurance Market Size, 2021–2028
Figure 8 Cybersecurity Insurance Market: Regional Snapshot
4 Premium Insights
4.1 Attractive Opportunities In Cybersecurity Insurance Market
Figure 9 Increasing Cyber And Ransomware Attacks To Drive Cybersecurity Insurance Market Growth
4.2 North America: Cybersecurity Insurance Market, By Solution And Insurance Coverage (2023)
Figure 10 Cybersecurity Insurance Analytics Platforms And Cyber Liability Segment In North America To Account For Largest Shares In 2023
4.3 Europe: Cybersecurity Insurance Market, By Solution And Insurance Coverage (2023)
Figure 11 Cybersecurity Insurance Analytics Platforms And Cyber Liability Segment In Europe To Account For Largest Shares In 2023
4.4 Asia Pacific: Cybersecurity Insurance Market, By Solution And Insurance Coverage (2023)
Figure 12 Cybersecurity Insurance Analytics Platforms And Cyber Liability Segment In Apac To Account For Largest Shares In 2023
Figure 13 Asia Pacific To Be Best Market For Investments During Forecast Period
5 Market Overview And Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 14 Drivers, Restraints, Opportunities, And Challenges: Cybersecurity Insurance Market
5.2.1 Drivers
5.2.1.1 Surge In Mandatory Cybersecurity Regulations And Legislations To Boost Demand For Insurance Protection
5.2.1.2 High Rate Of Recovery Of Financial Losses To Promote Cybersecurity Insurance Market Growth
5.2.1.3 Increase In Frequency And Sophistication Of Cyber Threats
5.2.2 Restraints
5.2.2.1 Lack Of Awareness Related To Cybersecurity Insurance And Reluctance In Choosing Cybersecurity Insurance Over Cybersecurity Solutions
5.2.2.2 Soaring Cybersecurity Insurance Costs
Table 3 Direct Written Premiums Y-o-y Growth Of Standalone And Package Cybersecurity Insurance Underwriters
5.2.3 Opportunities
5.2.3.1 Exclusion Of Cybersecurity Insurance Cover From Property And Casualty (P&C) Insurance
5.2.3.2 Adoption Of Artificial Intelligence And Blockchain Technology For Risk Analytics
5.2.4 Challenges
5.2.4.1 Cyber Insurers Grapple To Gain Traction Despite Soaring Cybersecurity Risks
5.2.4.2 Data Privacy Concerns
5.2.4.3 Lack Of Understanding, Technical Knowledge, And Absence Of Historical Cyber Data For Effective Underwriting
5.3 Industry Trends
5.3.1 Value Chain Analysis
Figure 15 Cybersecurity Insurance Market: Value Chain
5.3.2 Brief History Of Cybersecurity Insurance Solutions
Figure 16 Evolution Of Cybersecurity Insurance Solutions
5.3.2.1 1990s
5.3.2.2 2000s
5.3.2.3 2010s
5.3.2.4 2020s-present
5.3.3 Ecosystem
Figure 17 Cybersecurity Insurance Market: Ecosystem
Table 4 Cybersecurity Insurance Market: Ecosystem
5.3.4 Cybersecurity Insurance Tools, Frameworks, And Techniques
5.3.5 Business Model
5.3.6 Porter’s Five Forces Model
Table 5 Impact Of Porter’s Five Forces On Cybersecurity Insurance Market
5.3.6.1 Threat Of New Entrants
5.3.6.2 Threat Of Substitutes
5.3.6.3 Bargaining Power Of Suppliers
5.3.6.4 Bargaining Power Of Buyers
5.3.6.5 Intensity Of Competitive Rivalry
5.3.7 Impact Of Cybersecurity Insurance On Adjacent Niche Technologies
5.3.7.1 Internet Of Things (Iot) Security
5.3.7.2 Cloud Computing Security
5.3.7.3 Artificial Intelligence (Ai) Security
5.3.7.4 Blockchain Security
5.3.7.5 Biometric Security
5.3.8 Key Stakeholders And Buying Criteria
5.3.8.1 Key Stakeholders In Buying Process
Figure 18 Influence Of Stakeholders On Buying Process For Top Three End User Insurance Providers
Table 6 Influence Of Stakeholders On Buying Process For Top Three End User Insurance Providers (%)
5.3.8.2 Buying Criteria
Figure 19 Key Buying Criteria For Top Three End User Insurance Providers
Table 7 Key Buying Criteria For Top Three End User Insurance Providers
5.3.9 Technology Analysis
5.3.9.1 Adjacent Technologies
5.3.9.1.1 Artificial Intelligence And Machine Learning
5.3.9.1.2 Big Data Analytics
5.3.9.1.3 Internet Of Things Security
5.3.9.1.4 Blockchain
5.3.9.1.5 Cloud
5.3.9.2 Related Technologies
5.3.9.2.1 Risk Assessment
5.3.9.2.2 Threat Intelligence
5.3.9.2.3 Load Security Monitoring And Analytics
5.3.9.2.4 Data Breach Response
5.3.10 Future Of Cybersecurity Insurance Market Landscape
5.3.11 Trends/Disruptions Impacting Customers’ Businesses
Figure 20 Revenue Shift In Cybersecurity Insurance Market
5.3.12 Best Practices Of Cybersecurity Insurance Market
5.3.13 Patent Analysis
5.3.13.1 Methodology
5.3.13.2 Document Type
Table 8 Patents Filed, 2020–2023
5.3.13.3 Innovation And Patent Applications
Figure 21 Total Number Of Patents Granted, 2020–2023
5.3.13.4 Top Applicants
Figure 22 Top Ten Patent Applicants, 2020–2023
5.3.14 Pricing Model Analysis
5.3.14.1 Average Selling Price Trends
5.3.15 Cybersecurity Insurance Average Selling Price For Smes
Figure 23 Cybersecurity Insurance Average Selling Price Trend In Smes
Figure 24 Cybersecurity Insurance Average Selling Price, By Employee Size
5.3.16 Trend Of Cybersecurity Insurance Premiums
Table 9 Cybersecurity Insurance Premium Trends
5.3.17 Case Study Analysis
5.3.17.1 Securityscorecard Helped Cyber Insurance Provider Better Understand Customer Risk
5.3.17.2 European Financial Service Providers Leveraged Bitsight For Security Performance Management
5.3.17.3 Country Mutual Insurance Company Leveraged Cyberark’s Privileged Security Access Platform
5.3.17.4 Global 500 Insurance Company Chose Prevalent’s Third-party Risk Management Solution
5.3.17.5 Aon Secured Financial Institution’s Funds And Data From Third-party Cyber Risks
5.3.17.6 Chubb’s Cybersecurity Insurance Cover Assisted Sme In Recovering Financial Losses
5.3.18 Key Conferences & Events In 2023
5.3.18.1 Cybersecurity Insurance Market: Detailed List Of Conferences & Events
5.3.19 Regulatory Compliances
5.3.19.1 Regulatory Bodies, Government Agencies, And Other Organizations
Table 10 North America: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 11 Europe: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 12 Asia Pacific: List Of Regulatory Bodies, Government Agencies, And Other Organizations
5.3.19.2 General Data Protection Regulation
5.3.19.3 Payment Card Industry-data Security Standard
5.3.19.4 Health Insurance Portability And Accountability Act
5.3.19.5 Federal Information Security Management Act
5.3.19.6 Gramm-leach-bliley Act
5.3.19.7 Sarbanes-oxley Act
5.3.19.8 International Organization For Standardization 27001
6 Cybersecurity Insurance Market, By Offering
6.1 Introduction
6.1.1 Offering: Cybersecurity Insurance Market Drivers
Figure 25 Services Segment To Grow At Higher Cagr During Forecast Period
Table 13 Cybersecurity Insurance Market, By Offering, 2018–2022 (Usd Million)
Table 14 Cybersecurity Insurance Market, By Offering, 2023–2028 (Usd Million)
Table 15 Offering: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 16 Offering: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
6.2 Solutions
6.2.1 Cybersecurity Insurance Solutions To Provide High Data Security And Prevent Data Breaches
Figure 26 Disaster Recovery And Business Continuity To Grow At Highest Cagr During Forecast Period
Table 17 Cybersecurity Insurance Market, By Solution, 2018–2022 (Usd Million)
Table 18 Cybersecurity Insurance Market, By Solution, 2023–2028 (Usd Million)
Table 19 Solutions: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 20 Solutions: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
6.2.2 Cybersecurity Insurance Analytics Platforms
Table 21 Cybersecurity Insurance Analytics Platforms: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 22 Cybersecurity Insurance Analytics Platforms: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
6.2.3 Disaster Recovery And Business Continuity
Table 23 Disaster Recovery And Business Continuity: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 24 Disaster Recovery And Business Continuity: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
6.2.4 Cybersecurity Solutions
6.2.4.1 Cyber Risk And Vulnerability Assessment
6.2.4.2 Cybersecurity Resilience
Table 25 Cybersecurity Solutions: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 26 Cybersecurity Solutions: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
6.3 Services
6.3.1 Need For Professional Consultants To Provide 24/7 Service Response
Figure 27 Security Awareness Training Segment To Grow At Highest Cagr During Forecast Period
Table 27 Cybersecurity Insurance Market, By Service, 2018–2022 (Usd Million)
Table 28 Cybersecurity Insurance Market, By Service, 2023–2028 (Usd Million)
Table 29 Services: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 30 Services: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
6.3.2 Consulting/Advisory
Table 31 Consulting/Advisory: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 32 Consulting/Advisory: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
6.3.3 Security Awareness Training
Table 33 Security Awareness Training: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 34 Security Awareness Training: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
6.3.4 Other Services
Table 35 Other Services: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 36 Other Services: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
7 Cybersecurity Insurance Market, By Insurance Coverage
7.1 Introduction
7.1.1 Insurance Coverage: Cybersecurity Insurance Market Drivers
Figure 28 Data Breach Segment To Grow At Higher Cagr During Forecast Period
Table 37 Cybersecurity Insurance Market, By Insurance Coverage, 2018–2022 (Usd Million)
Table 38 Cybersecurity Insurance Market, By Insurance Coverage, 2023–2028 (Usd Million)
Table 39 Insurance Coverage: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 40 Insurance Coverage: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
7.2 Data Breach
7.2.1 Cybersecurity Insurance Coverage To Protect Businesses Against Security And Cyber Breaches
Table 41 Data Breach: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 42 Data Breach: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
7.2.2 Data Loss
7.2.3 Denial Of Service And Downtime
7.2.4 Ransomware Attacks
7.3 Cyber Liability
7.3.1 Cybersecurity Insurance To Cover Cyber Liability, Reducing Data Recovery Cost From Data Breaches And Cyberattacks
Table 43 Cyber Liability: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 44 Cyber Liability: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
7.3.2 Types Of Cyber Liabilities
7.3.2.1 Data Protection And Privacy Costs
7.3.2.2 Non-compliance Penalty
7.3.2.3 Brand And Related Intellectual Property Protection
7.3.2.4 Other Cyber Liability Types
7.3.3 Source/Target Of Cyber Liabilities
7.3.3.1 Internal
7.3.3.2 External
8 Cybersecurity Insurance Market, By Insurance Type
8.1 Introduction
8.1.1 Insurance Type: Cybersecurity Insurance Market Drivers
Figure 29 Packaged Segment To Grow At Higher Cagr During Forecast Period
Table 45 Cybersecurity Insurance Market, By Insurance Type, 2018–2022 (Usd Million)
Table 46 Cybersecurity Insurance Market, By Insurance Type, 2023–2028 (Usd Million)
Table 47 Insurance Type: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 48 Insurance Type: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
8.2 Packaged
8.2.1 Packaged Insurance To Enhance Digital Transformation And Support Traditional Policies
Table 49 Packaged: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 50 Packaged: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
8.3 Standalone
8.3.1 Standalone Insurance To Manage Complex Cyber Risks And Improve Cyber Risk Protection
Table 51 Standalone: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 52 Standalone: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
9 Cybersecurity Insurance Market, By Compliance Requirement
9.1 Introduction
9.1.1 Compliance Requirement: Cybersecurity Insurance Market Drivers
9.2 Healthcare Compliance
9.3 Financial Services Compliance
9.4 Gdpr Compliance
9.5 Data Privacy Compliance
9.6 Other Compliances
10 Cybersecurity Insurance Market, By End User
10.1 Introduction
10.1.1 End User: Cybersecurity Insurance Market Drivers
Figure 30 Technology Provider Segment To Grow At Higher Cagr During Forecast Period
Table 53 Cybersecurity Insurance Market, By End User, 2018–2022 (Usd Million)
Table 54 Cybersecurity Insurance Market, By End User, 2023–2028 (Usd Million)
Table 55 End User: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 56 End User: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
10.2 Technology Providers
10.2.1 Technology Providers To Help Insurance Industry Assess Its Cybersecurity Risks
Figure 31 Government Agencies To Grow At Highest Cagr During Forecast Period
Table 57 Cybersecurity Insurance Market, By Technology Provider, 2018–2022 (Usd Million)
Table 58 Cybersecurity Insurance Market, By Technology Provider, 2023–2028 (Usd Million)
Table 59 Technology Providers: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 60 Technology Providers: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
10.2.2 Insurance Companies
10.2.3 Insurance Companies: Cybersecurity Insurance Applications
10.2.3.1 Data Breach Protection
10.2.3.2 Business Interruption Coverage
10.2.3.3 Ransomware Protection
Table 61 Insurance Companies: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 62 Insurance Companies: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
10.2.4 Third-party Administrators (Tpas), Brokers, And Consultancies
10.2.5 Third-party Administrators (Tpas), Brokers, And Consultancies: Cybersecurity Insurance Applications
10.2.5.1 Policy Administration (Tpas)
10.2.5.2 Claim Advocacy (Brokers)
10.2.5.3 Risk Assessment And Mitigation (Consultancies)
Table 63 Third-party Administrators, Brokers, And Consultancies: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 64 Third-party Administrators, Brokers, And Consultancies: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
10.2.6 Government Agencies
10.2.7 Government Agencies: Cybersecurity Insurance Applications
10.2.7.1 Data Breach Protection
10.2.7.2 Business Interruption Coverage
10.2.7.3 Ransomware Protection
Table 65 Government Agencies: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 66 Government Agencies: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
10.3 Insurance Providers
10.3.1 Insurance Providers To Underwrite Insurance Policies For Improving Cybersecurity Systems Of Organizations
Figure 32 Financial Services Segment To Grow At Highest Cagr During Forecast Period
Table 67 Cybersecurity Insurance Market, By Insurance Provider, 2018–2022 (Usd Million)
Table 68 Cybersecurity Insurance Market, By Insurance Provider, 2023–2028 (Usd Million)
Table 69 Insurance Providers: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 70 Insurance Providers: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
10.3.2 Financial Services
10.3.3 Financial Services: Cybersecurity Insurance Applications
10.3.3.1 Risk Assessment And Mitigation
10.3.3.2 Cyber Extortion Coverage
10.3.3.3 Ransomware Protection
Table 71 Financial Services: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 72 Financial Services: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
10.3.4 It And Ites
10.3.5 It And Ites: Cybersecurity Insurance Applications
10.3.5.1 Protection For Sensitive Client Data
10.3.5.2 Intellectual Property Protection
10.3.5.3 Comprehensive Coverage For It Infrastructure
Table 73 It And Ites: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 74 It And Ites: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
10.3.6 Healthcare And Life Sciences
10.3.7 Healthcare And Life Sciences: Cybersecurity Insurance Applications
10.3.7.1 Protected Health Information (Phi) Data Breach Coverage
10.3.7.2 Regulatory Compliance Support
10.3.7.3 Cybersecurity Incident Response Support
Table 75 Healthcare And Life Sciences: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 76 Healthcare And Life Sciences: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
10.3.8 Retail And Ecommerce
10.3.9 Retail And Ecommerce: Cybersecurity Insurance Applications
10.3.9.1 Ecommerce Website Protection
10.3.9.2 Supply Chain Cyber Risk Coverage
10.3.9.3 Brand Reputation Management
Table 77 Retail And Ecommerce: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 78 Retail And Ecommerce: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
10.3.10 Telecom
10.3.11 Telecom: Cybersecurity Insurance Applications
10.3.11.1 Network Security Coverage
10.3.11.2 Communication Infrastructure Protection
10.3.11.3 Customer Notification And Support
Table 79 Telecom: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 80 Telecom: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
10.3.12 Travel, Tourism, And Hospitality
10.3.13 Travel, Tourism, And Hospitality: Cybersecurity Insurance Applications
10.3.13.1 Reservation System And Booking Protection
10.3.13.2 Payment Card Data Protection
10.3.13.3 Data Breach Notification Costs
Table 81 Travel, Tourism, And Hospitality: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 82 Travel, Tourism, And Hospitality: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
10.3.14 Other Insurance Providers
Table 83 Other Insurance Providers: Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 84 Other Insurance Providers: Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
11 Cybersecurity Insurance Market, By Region
11.1 Introduction
Figure 33 Asia Pacific To Register Highest Cagr During Forecast Period
Table 85 Cybersecurity Insurance Market, By Region, 2018–2022 (Usd Million)
Table 86 Cybersecurity Insurance Market, By Region, 2023–2028 (Usd Million)
11.2 North America
11.2.1 North America: Cybersecurity Insurance Market Drivers
11.2.2 North America: Recession Impact
Figure 34 North America: Market Snapshot
Table 87 North America: Cybersecurity Insurance Market, By Cyber Insurance, 2018–2022 (Usd Million)
Table 88 North America: Cybersecurity Insurance Market, By Cyber Insurance, 2023–2028 (Usd Million)
Table 89 North America: Cybersecurity Insurance Market, By Offering, 2018–2022 (Usd Million)
Table 90 North America: Cybersecurity Insurance Market, By Offering, 2023–2028 (Usd Million)
Table 91 North America: Cybersecurity Insurance Market, By Solution, 2018–2022 (Usd Million)
Table 92 North America: Cybersecurity Insurance Market, By Solution, 2023–2028 (Usd Million)
Table 93 North America: Cybersecurity Insurance Market, By Service, 2018–2022 (Usd Million)
Table 94 North America: Cybersecurity Insurance Market, By Service, 2023–2028 (Usd Million)
Table 95 North America: Cybersecurity Insurance Market, By Insurance Coverage, 2018–2022 (Usd Million)
Table 96 North America: Cybersecurity Insurance Market, By Insurance Coverage, 2023–2028 (Usd Million)
Table 97 North America: Cybersecurity Insurance Market, By Insurance Type, 2018–2022 (Usd Million)
Table 98 North America: Cybersecurity Insurance Market, By Insurance Type, 2023–2028 (Usd Million)
Table 99 North America: Cybersecurity Insurance Market, By End User, 2018–2022 (Usd Million)
Table 100 North America: Cybersecurity Insurance Market, By End User, 2023–2028 (Usd Million)
Table 101 North America: Cybersecurity Insurance Market, By Technology Provider, 2018–2022 (Usd Million)
Table 102 North America: Cybersecurity Insurance Market, By Technology Provider, 2023–2028 (Usd Million)
Table 103 North America: Cybersecurity Insurance Market, By Insurance Provider, 2018–2022 (Usd Million)
Table 104 North America: Cybersecurity Insurance Market, By Insurance Provider, 2023–2028 (Usd Million)
Table 105 North America: Cybersecurity Insurance Market, By Country, 2018–2022 (Usd Million)
Table 106 North America: Cybersecurity Insurance Market, By Country, 2023–2028 (Usd Million)
11.2.3 Us
11.2.3.1 Numerous Laws And Regulations Promoting Proactive Incorporation Of Cybersecurity Insurance Policy Cover In Us To Drive Market
Table 107 Us: Cybersecurity Insurance Market, By Cyber Insurance, 2018–2022 (Usd Million)
Table 108 Us: Cybersecurity Insurance Market, By Cyber Insurance, 2023–2028 (Usd Million)
Table 109 Us: Cybersecurity Insurance Market, By Offering, 2018–2022 (Usd Million)
Table 110 Us: Cybersecurity Insurance Market, By Offering, 2023–2028 (Usd Million)
Table 111 Us: Cybersecurity Insurance Market, By Solution, 2018–2022 (Usd Million)
Table 112 Us: Cybersecurity Insurance Market, By Solution, 2023–2028 (Usd Million)
Table 113 Us: Cybersecurity Insurance Market, By Service, 2018–2022 (Usd Million)
Table 114 Us: Cybersecurity Insurance Market, By Service, 2023–2028 (Usd Million)
Table 115 Us: Cybersecurity Insurance Market, By Insurance Coverage, 2018–2022 (Usd Million)
Table 116 Us: Cybersecurity Insurance Market, By Insurance Coverage, 2023–2028 (Usd Million)
Table 117 Us: Cybersecurity Insurance Market, By Insurance Type, 2018–2022 (Usd Million)
Table 118 Us: Cybersecurity Insurance Market, By Insurance Type, 2023–2028 (Usd Million)
Table 119 Us: Cybersecurity Insurance Market, By End User, 2018–2022 (Usd Million)
Table 120 Us: Cybersecurity Insurance Market, By End User, 2023–2028 (Usd Million)
Table 121 Us: Cybersecurity Insurance Market, By Technology Provider, 2018–2022 (Usd Million)
Table 122 Us: Cybersecurity Insurance Market, By Technology Provider, 2023–2028 (Usd Million)
Table 123 Us: Cybersecurity Insurance Market, By Insurance Provider, 2018–2022 (Usd Million)
Table 124 Us: Cybersecurity Insurance Market, By Insurance Provider, 2023–2028 (Usd Million)
11.2.4 Canada
11.2.4.1 Presence Of Prominent Cybersecurity Insurance Providers In Canada To Drive Market
Table 125 Canada: Cybersecurity Insurance Market, By Cyber Insurance, 2018–2022 (Usd Million)
Table 126 Canada: Cybersecurity Insurance Market, By Cyber Insurance, 2023–2028 (Usd Million)
Table 127 Canada: Cybersecurity Insurance Market, By Offering, 2018–2022 (Usd Million)
Table 128 Canada: Cybersecurity Insurance Market, By Offering, 2023–2028 (Usd Million)
Table 129 Canada: Cybersecurity Insurance Market, By Solution, 2018–2022 (Usd Million)
Table 130 Canada: Cybersecurity Insurance Market, By Solution, 2023–2028 (Usd Million)
Table 131 Canada: Cybersecurity Insurance Market, By Service, 2018–2022 (Usd Million)
Table 132 Canada: Cybersecurity Insurance Market, By Service, 2023–2028 (Usd Million)
Table 133 Canada: Cybersecurity Insurance Market, By Insurance Coverage, 2018–2022 (Usd Million)
Table 134 Canada: Cybersecurity Insurance Market, By Insurance Coverage, 2023–2028 (Usd Million)
Table 135 Canada: Cybersecurity Insurance Market, By Insurance Type, 2018–2022 (Usd Million)
Table 136 Canada: Cybersecurity Insurance Market, By Insurance Type, 2023–2028 (Usd Million)
Table 137 Canada: Cybersecurity Insurance Market, By End User, 2018–2022 (Usd Million)
Table 138 Canada: Cybersecurity Insurance Market, By End User, 2023–2028 (Usd Million)
Table 139 Canada: Cybersecurity Insurance Market, By Technology Provider, 2018–2022 (Usd Million)
Table 140 Canada: Cybersecurity Insurance Market, By Technology Provider, 2023–2028 (Usd Million)
Table 141 Canada: Cybersecurity Insurance Market, By Insurance Provider, 2018–2022 (Usd Million)
Table 142 Canada: Cybersecurity Insurance Market, By Insurance Provider, 2023–2028 (Usd Million)
11.3 Europe

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