Cyber Insurance Market Research Report By The Business Research Company
Posted by srikanthgtbrc on December 17th, 2019
The Business Research Company’s Cyber Insurance Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The cyber insurance market consists of sales of cyber insurance products and related services by entities (organizations, sole traders and partnerships) that are involved in underwriting (assuming the risk and assigning premiums) annuities and cyber insurance policies.
A cyber insurance policy, also referred to as cyber risk insurance or cyber liability insurance coverage, is an insurance product designed to help businesses mitigate risk exposure by offsetting costs involved with recovery after a cyber-related security breach or similar event such as malware, ransomware, and distributed denial-of-service (DDoS) attacks.
Cyber Insurance Global Market Report
Growth In Cyber Attacks — During the historic period, the increased number of cyber-attacks targeting financial data of corporates and individuals drove the cyber insurance market. According to Symantec’s Internet Security Threat Report 2019, the number of web attacks in 2018 increased by 56%. Among the cyber-attacks, enterprise ransomware infections, malicious software designed to deny access to the system until a ransom is paid, increased by 12% with the number of Dharma/Crysis infection attempts almost tripling from an average of 1473 attacks per month in 2017 to 4900 attacks per month in 2018. During the same period, the share of Microsoft Office files attachments in malicious emails increased from 5% to 48%, and supply chain attacks mainly targeting e-commerce operated businesses registered an increase of 78% . The increased number of cyber-attacks pushed enterprises to initiate data restoring practices including cyber insurance driving the market.
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North America was the largest region in the global cyber insurance market, accounting for 55.8% of the total in 2018. It was followed by Asia Pacific, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the cyber insurance market will be South America and Eastern Europe.
Table Of Contents
1. Cyber Insurance Market Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
7. Cyber Insurance Market Characteristics
8. Cyber Insurance Market Supply Chain
9. Cyber Insurance Market Customer Information
10. Cyber Insurance Market Trends And Strategies
11. Global Cyber Insurance Market – Timeline
List Of Tables
Table 1: Global Cyber Insurance Market-Timeline
Table 2: Global Cyber Insurance Market, Historic Market Size, 2014 - 2018, $ Million
Table 3: Global Cyber Insurance Market, Forecast Market Size, 2018 - 2022, $ Million
Table 4: Global Cyber Insurance Market, 2018, Split By Region
Table 5: Global Cyber Insurance Market, 2014 - 2022, Historic And Forecast Growth Rate, Split By Region
Table 6: Global Cyber Insurance Market, 2018-2022, Growth And Market Share Comparison, By Region
Table 7: Global Cyber Insurance Market, 2018-2022, Growth And Market Share Comparison, By Region
Table 8: Global Cyber Insurance Market, 2018, Split By Country
Table 9: Global Cyber Insurance Market, 2014 - 2022, Historic And Forecast Growth Rate, Split By Country
Table 10: Global Cyber Insurance Market, 2018-2022, Growth And Market Share Comparison, By Country
About The Business Research Company:
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. The company has specialist consultants in different industries including manufacturing, healthcare, financial services and technology. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
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