The Global Cyber Insurance Market Report by The Business Research Company covers cyber insurance market drivers and restraints, cyber insurance market size, major players, and the impact of COVID-19 on the cyber insurance 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.
The increased number of cyber-attacks pushed enterprises to initiate data restoring practices including cyber insurance driving the market.
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Some cyber insurance market trends include increasingly using big data analytics solutions for faster claim assessment and risk identification. Big data is being used in claims management, pricing, underwriting and risk selection processes among others. Moreover, cyber insurance companies are seeing a shift of policy buyers from endorsement to standalone policies. Endorsement policies are attached to property and casualty policies, whereas standalone cyber insurance policies refer to insurance policies covering threats from cybersecurity breach events. Standalone cyber insurance policies typically offer liability coverage for losses related to data breaches. Businesses filing a cyber-incident related insurance claim under standalone policies are able to receive monetary compensation of their legal and investigative fees as well as the cost the loss incurred
Global cyber insurance market segments include:
1) By Type Of Distribution: Brokers, Tied Agents And Branches, Direct and other, Bancassurance
2) By Type Of Insurance: Standalone, Package, Personal
3) By Size Of Business: Mid, Large, Small
4) By Type Of Claim: Ransomware, Hacker, Business Email Compromise, Malware/Virus, Phishing, Others, Third Party, Rogue Employee, Legal Action, Paper Records, Programming Error, Staff Mistake, Lost/Stolen Laptop/Device
5) By End-Use: Professional Services, Media, Healthcare, Others, Government Bodies (Public), Financial Services, Retail And Wholesale, Education, Manufacturing, IT Services
6) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Cyber Insurance Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides cyber insurance market overviews, analyzes and forecasts market size, share, cyber insurance market players, cyber insurance market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The cyber insurance identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Cyber Insurance Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Chubb Limited, AXA Group, American International Group, Inc., Beazley Insurance Co, Inc., The Travelers Companies, Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Cyber Insurance Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Cyber Insurance Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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