Summary
WiseGuyReports.com adds “Cyber Insurance Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.
This report provides in depth study of “Cyber Insurance Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Cyber Insurance Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
This report focuses on the global Cyber Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cyber Insurance development in United States, Europe and China.
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.
With cyber-attacks becoming the norm these days, even threatening to expand into a global epidemic, cyber-risk insurers across the globe are seeing organizations and end users scramble for protection from possible data and information security disasters.
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.
The key players covered in this study
AIG
Chubb
XL Group
Beazley
Allianz
Zurich Insurance
Munich Re Group
Berkshire Hathaway
AON
AXIS Insurance
Lockton
CNA
Travelers
BCS Insurance
Liberty Mutual
Market segment by Type, the product can be split into
Stand-alone Cyber Insurance
Packaged Cyber Insurance
Market segment by Application, split into
Financial Institutions
Retail and Wholesale
Healthcare
Business Services
Manufacturing
Technology
Others
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
Request a Sample Report @ https://www.wiseguyreports.com/sample-request/3443714-global-cyber-insurance-market-size-status-and-forecast-2018-2025
Major Key Points in Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Cyber Insurance Market Size Growth Rate by Type (2013-2025)
1.4.2 Stand-alone Cyber Insurance
1.4.3 Packaged Cyber Insurance
1.5 Market by Application
1.5.1 Global Cyber Insurance Market Share by Application (2013-2025)
1.5.2 Financial Institutions
1.5.3 Retail and Wholesale
1.5.4 Healthcare
1.5.5 Business Services
1.5.6 Manufacturing
1.5.7 Technology
1.5.8 Others
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Cyber Insurance Market Size
2.2 Cyber Insurance Growth Trends by Regions
2.2.1 Cyber Insurance Market Size by Regions (2013-2025)
2.2.2 Cyber Insurance Market Share by Regions (2013-2018)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
….
12 International Players Profiles
12.1 AIG
12.1.1 AIG Company Details
12.1.2 Company Description and Business Overview
12.1.3 Cyber Insurance Introduction
12.1.4 AIG Revenue in Cyber Insurance Business (2013-2018)
12.1.5 AIG Recent Development
12.2 Chubb
12.2.1 Chubb Company Details
12.2.2 Company Description and Business Overview
12.2.3 Cyber Insurance Introduction
12.2.4 Chubb Revenue in Cyber Insurance Business (2013-2018)
12.2.5 Chubb Recent Development
12.3 XL Group
12.3.1 XL Group Company Details
12.3.2 Company Description and Business Overview
12.3.3 Cyber Insurance Introduction
12.3.4 XL Group Revenue in Cyber Insurance Business (2013-2018)
12.3.5 XL Group Recent Development
12.4 Beazley
12.4.1 Beazley Company Details
12.4.2 Company Description and Business Overview
12.4.3 Cyber Insurance Introduction
12.4.4 Beazley Revenue in Cyber Insurance Business (2013-2018)
12.4.5 Beazley Recent Development
12.5 Allianz
12.5.1 Allianz Company Details
12.5.2 Company Description and Business Overview
12.5.3 Cyber Insurance Introduction
12.5.4 Allianz Revenue in Cyber Insurance Business (2013-2018)
12.5.5 Allianz Recent Development
12.6 Zurich Insurance
12.6.1 Zurich Insurance Company Details
12.6.2 Company Description and Business Overview
12.6.3 Cyber Insurance Introduction
12.6.4 Zurich Insurance Revenue in Cyber Insurance Business (2013-2018)
12.6.5 Zurich Insurance Recent Development
12.7 Munich Re Group
12.7.1 Munich Re Group Company Details
12.7.2 Company Description and Business Overview
12.7.3 Cyber Insurance Introduction
12.7.4 Munich Re Group Revenue in Cyber Insurance Business (2013-2018)
12.7.5 Munich Re Group Recent Development
12.8 Berkshire Hathaway
12.8.1 Berkshire Hathaway Company Details
12.8.2 Company Description and Business Overview
12.8.3 Cyber Insurance Introduction
12.8.4 Berkshire Hathaway Revenue in Cyber Insurance Business (2013-2018)
12.8.5 Berkshire Hathaway Recent Development
12.9 AON
12.9.1 AON Company Details
12.9.2 Company Description and Business Overview
12.9.3 Cyber Insurance Introduction
12.9.4 AON Revenue in Cyber Insurance Business (2013-2018)
12.9.5 AON Recent Development
12.10 AXIS Insurance
12.10.1 AXIS Insurance Company Details
12.10.2 Company Description and Business Overview
12.10.3 Cyber Insurance Introduction
12.10.4 AXIS Insurance Revenue in Cyber Insurance Business (2013-2018)
12.10.5 AXIS Insurance Recent Development
12.11 Lockton
12.12 CNA
12.13 Travelers
12.14 BCS Insurance
12.15 Liberty Mutual
At any Query @ https://www.wiseguyreports.com/enquiry/3443714-global-cyber-insurance-market-size-status-and-forecast-2018-2025
Continued….
Contact Us: sales@wiseguyreports.com
Ph: +1-646-845-9349 (US) ; Ph: +44 208 133 9349 (UK)
Media Contact
Company Name: Wiseguyreports.com
Contact Person: Norah Trent
Email: Send Email
Phone: +1 646 845 9349, +44 208 133 9349
City: Pune
State: Maharashtra
Country: India
Website: https://www.wiseguyreports.com/sample-request/3443714-global-cyber-insurance-market-size-status-and-forecast-2018-2025