Global Cyber Security Insurance Market Opportunities, Challenges, Strategies & Forecasts
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This report studies the Cyber Security Insurance market, covering market size for segment by type (Data Breach Coverage, Cyber Liability Coverage, etc.), by application (BFSI, Healthcare, etc.), by sales channel (Direct Channel, Distribution Channel), by player (AIG, Chubb, Beazley, Allianz, Zurich Insurance, etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
This report provides detailed historical analysis of global market for Cyber Security Insurance from 2016-2021, and provides extensive market forecasts from 2022-2030 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Cyber Security Insurance market.
Moreover, the impact of COVID-19 is also concerned. Since outbreak in December 2019, the COVID-19 virus has spread to all around the world and caused huge losses of lives and economy, and the global manufacturing, tourism and financial markets have been hit hard, while the online market/industry increase. Fortunately, with the development of vaccine and other effort by global governments and organizations, the negative impact of COVID-19 is expected to subside and the global economy is expected to recover.
This research covers COVID-19 impacts on the upstream, midstream and downstream industries. Moreover, this research provides an in-depth market evaluation by highlighting information on various aspects covering market dynamics like drivers, barriers, opportunities, threats, and industry news & trends. In the end, this report also provides in-depth analysis and professional advices on how to face the post COIVD-19 period.
The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
Leading players of Cyber Security Insurance including:
AIG
Chubb
Beazley
Allianz
Zurich Insurance
Munich Re
Berkshire Hathaway
AON
AXIS Insurance
Lockton
BCS Insurance
Liberty Mutual
XL Group
Hiscox
Tokio Marine Holdings
AXA
Aviva
Assicurazioni Generali
Sompo Japan
Arthur J. Gallagher
Travelers Insurance
CNA Financial
Fairfax Financial
Market split by Type, can be divided into:
Data Breach Coverage
Cyber Liability Coverage
Market split by Application, can be divided into:
BFSI
Healthcare
IT & Telecom
Retail and eCommerce
Government
Market split by Sales Channel, can be divided into:
Direct Channel
Distribution Channel
Market segment by Region/Country including:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America (Brazil, Argentina and Colombia etc.)
Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
Key Questions Answered in Report
Which is the most lucrative market
Which factors will impact the growth of the market
How will changing trends impact the strategies of market players
How can market players capture the low-hanging opportunities across regions
Which companies are leading the industry
What are the winning strategies of stakeholders in the market
Chapter 1 Cyber Security Insurance Market Overview
1.1 Cyber Security Insurance Definition
1.2 Global Cyber Security Insurance Market Size Status and Outlook (2016-2030)
1.3 Global Cyber Security Insurance Market Size Comparison by Region (2016-2030)
1.4 Global Cyber Security Insurance Market Size Comparison by Type (2016-2030)
1.5 Global Cyber Security Insurance Market Size Comparison by Application (2016-2030)
1.6 Global Cyber Security Insurance Market Size Comparison by Sales Channel (2016-2030)
1.7 Cyber Security Insurance Market Dynamics (COVID-19 Impacts)
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/Expansion)
1.7.4 COVID-19 Impacts
1.7.5 Post-Strategies of COVID-19
Chapter 2 Cyber Security Insurance Market Segment Analysis by Player
2.1 Global Cyber Security Insurance Sales and Market Share by Player (2019-2021)
2.2 Global Cyber Security Insurance Revenue and Market Share by Player (2019-2021)
2.3 Global Cyber Security Insurance Average Price by Player (2019-2021)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Cyber Security Insurance Market Segment Analysis by Type
3.1 Global Cyber Security Insurance Market by Type
3.1.1 Data Breach Coverage
3.1.2 Cyber Liability Coverage
3.2 Global Cyber Security Insurance Sales and Market Share by Type (2016-2021)
3.3 Global Cyber Security Insurance Revenue and Market Share by Type (2016-2021)
3.4 Global Cyber Security Insurance Average Price by Type (2016-2021)
3.5 Leading Players of Cyber Security Insurance by Type in 2021
3.6 Conclusion of Segment by Type
Chapter 4 Cyber Security Insurance Market Segment Analysis by Application
4.1 Global Cyber Security Insurance Market by Application
4.1.1 BFSI
4.1.2 Healthcare
4.1.3 IT & Telecom
4.1.4 Retail and eCommerce
4.1.5 Government
4.2 Global Cyber Security Insurance Revenue and Market Share by Application (2016-2021)
4.3 Leading Consumers of Cyber Security Insurance by Application in 2021
4.4 Conclusion of Segment by Application
Chapter 5 Cyber Security Insurance Market Segment Analysis by Sales Channel
5.1 Global Cyber Security Insurance Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Cyber Security Insurance Revenue and Market Share by Sales Channel (2016-2021)
5.3 Leading Distributors/Dealers of Cyber Security Insurance by Sales Channel in 2021
5.4 Conclusion of Segment by Sales Channel
Chapter 6 Cyber Security Insurance Market Segment Analysis by Region
6.1 Global Cyber Security Insurance Market Size and CAGR by Region (2016-2030)
6.2 Global Cyber Security Insurance Sales and Market Share by Region (2016-2021)
6.3 Global Cyber Security Insurance Revenue and Market Share by Region (2016-2021)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Cyber Security Insurance Market Share by Type
6.4.3 North America Cyber Security Insurance Market Share by Application
6.4.4 United States
6.4.5 Canada
6.4.6 Mexico
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Cyber Security Insurance Market Share by Type
6.5.3 Europe Cyber Security Insurance Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Russia
6.5.9 Spain
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Cyber Security Insurance Market Share by Type
6.6.3 Asia-Pacific Cyber Security Insurance Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Cyber Security Insurance Market Share by Type
6.7.3 South America Cyber Security Insurance Market Share by Application
6.7.4 Brazil
6.7.5 Argentina
6.7.6 Colombia
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Cyber Security Insurance Market Share by Type
6.8.3 Middle East & Africa Cyber Security Insurance Market Share by Application
6.8.4 UAE
6.8.5 Saudi Arabia
6.8.6 South Africa
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Cyber Security Insurance Players
7.1 AIG
7.1.1 Company Snapshot
7.1.2 Product/Service Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.2 Chubb
7.3 Beazley
7.4 Allianz
7.5 Zurich Insurance
7.6 Munich Re
7.7 Berkshire Hathaway
7.8 AON
7.9 AXIS Insurance
7.10 Lockton
7.11 BCS Insurance
7.12 Liberty Mutual
7.13 XL Group
7.14 Hiscox
7.15 Tokio Marine Holdings
7.16 AXA
7.17 Aviva
7.18 Assicurazioni Generali
7.19 Sompo Japan
7.20 Arthur J. Gallagher
7.21 Travelers Insurance
7.22 CNA Financial
7.23 Fairfax Financial
Chapter 8 Upstream and Downstream Analysis of Cyber Security Insurance
8.1 Industrial Chain of Cyber Security Insurance
8.2 Upstream of Cyber Security Insurance
8.3 Downstream of Cyber Security Insurance
Chapter 9 Development Trend of Cyber Security Insurance (2022-2030)
9.1 Global Cyber Security Insurance Market Size (Sales and Revenue) Forecast (2022-2030)
9.2 Global Cyber Security Insurance Market Size and CAGR Forecast by Region (2022-2030)
9.3 Global Cyber Security Insurance Market Size and CAGR Forecast by Type (2022-2030)
9.4 Global Cyber Security Insurance Market Size and CAGR Forecast by Application (2022-2030)
9.5 Global Cyber Security Insurance Market Size and CAGR Forecast by Sales Channel (2022-2030)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
List of Tables and Figures
Figure Cyber Security Insurance Example
Figure Global Cyber Security Insurance Revenue (Million $) Status and Outlook (2016-2030)
Figure Global Cyber Security Insurance Revenue (Million $) Comparison by Region (2016-2030)
Figure Global Cyber Security Insurance Revenue (Million $) Comparison by Type (2016-2030)
Figure Global Cyber Security Insurance Revenue (Million $) Comparison by Application (2016-2030)
Figure Global Cyber Security Insurance Revenue (Million $) Comparison by Sales Channel (2016-2030)
Table Global Cyber Security Insurance Sales by Player (2019-2021)
Table Global Cyber Security Insurance Sales Market Share by Player (2019-2021)
Figure Global Cyber Security Insurance Sales Market Share by Player in 2021
Table Global Cyber Security Insurance Revenue (Million $) by Player (2019-2021)
Table Global Cyber Security Insurance Revenue Market Share by Player (2019-2021)
Figure Global Cyber Security Insurance Revenue Market Share by Player in 2021
Table Global Cyber Security Insurance Average Price by Player (2019-2021)
Figure Global Cyber Security Insurance Average Price by Player in 2021
Figure Global Cyber Security Insurance Players Competition Situation – Top 5 Players’ Revenue Market Share in 2019
Figure Global Cyber Security Insurance Players Competition Trends – Top 5 Players’ Revenue Market Share in 2021
Figure Example of Data Breach Coverage
Figure Global Data Breach Coverage Revenue (Million $) and Growth Rate (2016-2021)
Figure Example of Cyber Liability Coverage
Figure Global Cyber Liability Coverage Revenue (Million $) and Growth Rate (2016-2021)
Table Global Cyber Security Insurance Sales by Type (2016-2021)
Table Global Cyber Security Insurance Sales Market Share by Type (2016-2021)
Figure Global Cyber Security Insurance Sales Market Share by Type in 2021
Table Global Cyber Security Insurance Revenue (Million $) by Type (2016-2021)
Table Global Cyber Security Insurance Revenue Market Share by Type (2016-2021)
Figure Global Cyber Security Insurance Revenue Market Share by Type in 2021
Table Global Cyber Security Insurance Average Price by Type (2016-2021)
Figure Global Cyber Security Insurance Average Price by Type in 2021
Table Leading Players of Cyber Security Insurance by Type in 2021
Figure Example of BFSI
Figure Global Cyber Security Insurance for BFSI Revenue (Million $) and Growth Rate (2016-2021)
Figure Example of Healthcare
Figure Global Cyber Security Insurance for Healthcare Revenue (Million $) and Growth Rate (2016-2021)
Figure Example of IT & Telecom
Figure Global Cyber Security Insurance for IT & Telecom Revenue (Million $) and Growth Rate (2016-2021)
Figure Example of Retail and eCommerce
Figure Global Cyber Security Insurance for Retail and eCommerce Revenue (Million $) and Growth Rate (2016-2021)
Figure Example of Government
Figure Global Cyber Security Insurance for Government Revenue (Million $) and Growth Rate (2016-2021)
Table Global Cyber Security Insurance Sales by Application (2016-2021)
Table Global Cyber Security Insurance Sales Market Share by Application (2016-2021)
Figure Global Cyber Security Insurance Sales Market Share by Application in 2021
Table Leading Consumers of Cyber Security Insurance by Application in 2021
Figure Example of Direct Channel
Figure Global Cyber Security Insurance for Direct Channel Revenue (Million $) and Growth Rate (2016-2021)
Figure Example of Distribution Channel
Figure Global Cyber Security Insurance for Distribution Channel Revenue (Million $) and Growth Rate (2016-2021)
Table Global Cyber Security Insurance Revenue by Sales Channel (2016-2021)
Table Global Cyber Security Insurance Revenue Market Share by Sales Channel (2016-2021)
Figure Global Cyber Security Insurance Revenue Market Share by Sales Channel in 2021
Table Leading Distributors/Dealers of Cyber Security Insurance by Sales Channel in 2021
Table Global Cyber Security Insurance Market Size and CAGR by Region (2016-2030)
Table Global Cyber Security Insurance Sales by Region (2016-2021)
Table Global Cyber Security Insurance Sales Market Share by Region (2016-2021)
Figure Global Cyber Security Insurance Sales Market Share by Region in 2021
Table Global Cyber Security Insurance Revenue (Million $) by Region (2016-2021)
Table Global Cyber Security Insurance Revenue Market Share by Region (2016-2021)
Figure Global Cyber Security Insurance Revenue Market Share by Region in 2021
Table North America Cyber Security Insurance Sales by Country (2016-2021)
Figure North America Cyber Security Insurance Sales Market Share by Country (2016-2021)
Table North America Cyber Security Insurance Revenue by Country (2016-2021)
Figure North America Cyber Security Insurance Revenue Market Share by Country (2016-2021)
Figure North America Cyber Security Insurance Market Share by Type in 2021
Figure North America Cyber Security Insurance Market Share by Application in 2021
Figure United States Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure United States Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure Canada Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Canada Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure Mexico Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Mexico Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Table Europe Cyber Security Insurance Sales by Country (2016-2021)
Figure Europe Cyber Security Insurance Sales Market Share by Country (2016-2021)
Table Europe Cyber Security Insurance Revenue by Country (2016-2021)
Figure Europe Cyber Security Insurance Revenue Market Share by Country (2016-2021)
Figure Europe Cyber Security Insurance Market Share by Type in 2021
Figure Europe Cyber Security Insurance Market Share by Application in 2021
Figure Germany Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Germany Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure UK Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure UK Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure France Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure France Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure Italy Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Italy Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure Russia Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Russia Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure Spain Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Spain Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Table Asia-Pacific Cyber Security Insurance Sales by Country (2016-2021)
Figure Asia-Pacific Cyber Security Insurance Sales Market Share by Country (2016-2021)
Table Asia-Pacific Cyber Security Insurance Revenue by Country (2016-2021)
Figure Asia-Pacific Cyber Security Insurance Revenue Market Share by Country (2016-2021)
Figure Asia-Pacific Cyber Security Insurance Market Share by Type in 2021
Figure Asia-Pacific Cyber Security Insurance Market Share by Application in 2021
Figure China Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure China Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure Japan Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Japan Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure Korea Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Korea Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure India Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure India Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure Southeast Asia Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Southeast Asia Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure Australia Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Australia Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Table South America Cyber Security Insurance Sales by Country (2016-2021)
Figure South America Cyber Security Insurance Sales Market Share by Country (2016-2021)
Table South America Cyber Security Insurance Revenue by Country (2016-2021)
Figure South America Cyber Security Insurance Revenue Market Share by Country (2016-2021)
Figure South America Cyber Security Insurance Market Share by Type in 2021
Figure South America Cyber Security Insurance Market Share by Application in 2021
Figure Brazil Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Brazil Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure Argentina Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Argentina Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure Colombia Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Colombia Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Table Middle East & Africa Cyber Security Insurance Sales by Country (2016-2021)
Figure Middle East & Africa Cyber Security Insurance Sales Market Share by Country (2016-2021)
Table Middle East & Africa Cyber Security Insurance Revenue by Country (2016-2021)
Figure Middle East & Africa Cyber Security Insurance Revenue Market Share by Country (2016-2021)
Figure Middle East & Africa Cyber Security Insurance Market Share by Type in 2021
Figure Middle East & Africa Cyber Security Insurance Market Share by Application in 2021
Figure UAE Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure UAE Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure Saudi Arabia Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure Saudi Arabia Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Figure South Africa Cyber Security Insurance Sales and Growth Rate (2016-2021)
Figure South Africa Cyber Security Insurance Revenue (Million $) and Growth Rate (2016-2021)
Table Company Snapshot of AIG
Table Cyber Security Insurance Introduction of AIG
Table Cyber Security Insurance Sales, Price, Revenue, Gross Margin and Market Share of AIG (2019-2021)
Table Industrial Chain of Cyber Security Insurance
Table Manufacturing Cost Structure of Cyber Security Insurance
Table General Manufacturing Process of Cyber Security Insurance
Table Leading Distributors/Dealers of Cyber Security Insurance
Table Leading Consumers of Cyber Security Insurance
Figure Global Cyber Security Insurance Sales and Growth Rate Forecast (2022-2030)
Figure Global Cyber Security Insurance Revenue and Growth Rate Forecast (2022-2030)
Table Global Cyber Security Insurance Market Size and CAGR Forecast by Region (2022-2030)
Table Global Cyber Security Insurance Market Size and CAGR Forecast by Type (2022-2030)
Table Global Cyber Security Insurance Market Size and CAGR Forecast by Application (2022-2030)
Table Global Cyber Security Insurance Market Size and CAGR Forecast by Sales Channel (2022-2030)
Research Methodology:
Cyber Security Insurance Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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