Cyber Insurance Market - Analysis By Insurance Type (Standalone, Packaged), Organization, Application, By Region, By Country (2022 Edition): Market Insights and Forecast with Impact of COVID-19 (2022-2027)

Report
220 Pages
July 2022
Region: Global
Azoth Analytics
ID: 5640085

The Global Cyber Insurance Market was valued at USD 9.98 Billion in the year 2021. Cyber insurance is growing in popularity across small, medium, and large-scale industries, driven by technological advances. In addition, the increasing media coverage of business attacks increased the desire for businesses to secure cyber insurance policies in the market. Also, the growing adoption of digitization, rapid developments in the technologies, cloud-based storage systems, Big Data, IoT, and artificial intelligence (AI) in business are frequently exposed to security breaches which have led various firms to adopt cybersecurity insurance in the market.

Based on the Insurance Type segment, the Standalone segment is expected to hold the largest share in the Cyber Insurance market in the year 2027. This is because most of the Standalone policies provide media liability insurance, which covers claims alleging libel or slander, invasion of privacy or other wrongdoings. In addition, the Standalone policy covers various property exposures, such as business interruption, data loss/destruction, and funds transfer loss. Americas region is estimated to have the maximum share in the global Cyber Insurance market followed by APAC & Europe. Americas is capable of investing heavily in R&D activities, which in turn contributes to the advancement of cyber insurance technology in the market.

Cloud computing has eroded traditional IT boundaries, opened up new markets, promoted mobile devices, and helped to advance unified communications. As a result, modern cyber security is pushing firms to use more sophisticated insurance models to protect sensitive data on the cloud. All these factors are propelling the growth of the cyber insurance market. Further, the presence of a majority of players worldwide in the cyber insurance market is expected to be the major factor driving the growth of the market globally. Leading players like Allianz have a product like Allianz Global Corporate & Specialty (AGCS) that has a long experience in cyber insurance, protecting organizations against cyber-crime and digital threats.

Scope of the Report

The report presents the analysis of Cyber Insurance market for the historical period of 2017-2021 and the forecast period of 2022-2027.
The report analyses the Cyber Insurance Market by value (USD Billion).
The report analyses the Cyber Insurance Market by Insurance Type (Standalone, Packaged).
The report analyses the Cyber Insurance Market by Organization (Large Enterprises, SMEs).
The report analyses the Cyber Insurance Market by Application (Healthcare, IT & Telecom, BFSI, Others).
The Global Cyber Insurance Market has been analysed by countries (United States, Canada, Brazil, United Kingdom, Germany, France, China, Japan, India, South Korea, Singapore).
Also, the attractiveness of the market has been presented by region, by Insurance Type, by organization and by application.
Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Allianz Group, AIG, AXA XL, AON Plc., Liberty Mutual, Chubb Limited, Beazley, Travelers, Axis Capital, CNA Financial.

Key Target Audience:

Cyber Insurance Companies
Consulting and Advisory Firms
Government and Policy Makers
Regulatory Authorities

1. Report Scope and Methodology

1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary

2. Strategic Recommendations3. Global Cyber Insurance Market: Product Overview

4. Global Cyber Insurance Market: An Analysis

4.1 Global Cyber Insurance Market: Market Indicators
4.2 Market Size, By Value, 2017-2027
4.3 Global Cyber Insurance Market: Growth and Forecast
4.4 Impact of COVID-19 on Global Cyber Insurance Market

5. Global Cyber Insurance Market: Segmental Analysis

5.1 Global Cyber Insurance Market Segmentation, By Insurance Type
5.2 Competitive Positioning of Cyber Insurance Market: By Insurance Type (2021 & 2027)
5.3 By Standalone, By Value (USD Billion), 2017-2027
5.4 By Packaged, By Value (USD Billion), 2017-2027

6. Global Cyber Insurance Market: Analysis By Organization

6.1 Global Cyber Insurance Market Segmentation, By Organization
6.2 Competitive Positioning of Global Cyber Insurance Market, By Organization (2021 & 2027)
6.3 By Large Enterprise, By value (USD Billion), 2017-2027
6.4 By SME’s, By Value (USD Billion), 2017-2027

7. Global Cyber Insurance Market: Analysis By Application

7.1 Global Cyber Insurance Market Segmentation, By Application
7.2 Competitive Positioning of Global Cyber Insurance Market, By Application (2021 & 2027)
7.3 By Healthcare, By value (USD Billion), 2017-2027
7.4 By IT & Telecom, By Value (USD Billion), 2017-2027
7.5 By BFSI, By value (USD Billion), 2017-2027
7.6 By Others, By value (USD Billion), 2017-2027

8. Global Cyber Insurance Market: Regional Analysis

8.1 Competitive Positioning of Global Cyber Insurance Market: By Region (2021 & 2027)

9. Americas Cyber Insurance Market: An Analysis (2017-2027)

9.1 Americas Cyber Insurance Market: Market Indicators
9.2 Americas Cyber Insurance Market- Size and Forecast, By Value (2017-2027)
9.3 Americas Cyber Insurance Market: Prominent Companies
9.4 Americas Cyber Insurance Market: Segment Analysis
9.5 Americas Cyber Insurance Market By Insurance Type, (Standalone, Packaged), By Value
9.6 Americas Cyber Insurance Market By Organization, (Large Enterprise, SME’s), By Value
9.7 Americas Cyber Insurance Market By Application, (Healthcare, IT & Telecom, BFSI, Others), By Value
9.8 Americas Cyber Insurance Market: Country Analysis
9.9 Market Opportunity Chart of Americas Cyber Insurance Market- By Country, By Value (Year-2027)
9.10 Competitive Positioning of Americas Cyber Insurance Market- By Country
9.11 United States Cyber Insurance Market: Size and Forecast, By Value (2017-2027)
9.12 United States Cyber Insurance Market By Insurance Type, By Organization, By Application, By Value (2017-2027)
9.13 Canada Cyber Insurance Market: Size and Forecast, By Value (2017-2027)
9.14 Canada Cyber Insurance Market By Insurance Type, By Organization, By Application, By Value (2017-2027)

10. Europe Cyber Insurance Market: An Analysis (2017-2027)

10.1 Europe Cyber Insurance Market: Market Indicators
10.2 Europe Cyber Insurance Market- Size and Forecast, By Value (2017-2027)
10.3 Europe Cyber Insurance Market: Prominent Companies
10.4 Europe Cyber Insurance Market: Segment Analysis
10.5 Europe Cyber Insurance Market By Insurance Type, (Standalone, Packaged), By Value
10.6 Europe Cyber Insurance Market By Organization, (Large Enterprise, SME’s), By Value
10.7 Europe Cyber Insurance Market By Application, (Healthcare, IT & Telecom, BFSI, Others), By Value
10.8 Europe Cyber Insurance Market: Country Analysis
10.9 Market Opportunity Chart of Europe Cyber Insurance Market- By Country, By Value (Year-2027)
10.10 Competitive Positioning of Europe Cyber Insurance Market- By Country
10.11 United Kingdom Cyber Insurance Market: Size and Forecast, By Value (2017-2027)
10.12 United Kingdom Cyber Insurance Market By Insurance Type, By Organization, By Application, By Value (2017-2027)
10.13 Germany Cyber Insurance Market: Size and Forecast, By Value (2017-2027)
10.14 Germany Cyber Insurance Market By Insurance Type, By Organization, By Application, By Value (2017-2027)
10.15 France Cyber Insurance Market: Size and Forecast, By Value (2017-2027)
10.16 France Cyber Insurance Market By Insurance Type, By Organization, By Application, By Value (2017-2027)

11. Asia Pacific Cyber Insurance Market: An Analysis (2017-2027)

11.1 Asia Pacific Cyber Insurance Market: Market Indicators
11.2 Asia Pacific Cyber Insurance Market- Size and Forecast, By Value (2017-2027)
11.3 Asia Pacific Cyber Insurance Market: Prominent Companies
11.4 Asia Pacific Cyber Insurance Market: Segment Analysis
11.5 Asia Pacific Cyber Insurance Market By Insurance Type, (Standalone, Packaged), By Value
11.6 Asia Pacific Cyber Insurance Market By Organization, (Large Enterprise, SME’s), By Value
11.7 Asia Pacific Cyber Insurance Market By Application, (Healthcare, IT & Telecom, BFSI, Others), By Value
11.8 Asia Pacific Cyber Insurance Market: Country Analysis
11.9 Market Opportunity Chart of Asia Pacific Cyber Insurance Market- By Country, By Value (Year-2027)
11.10 Competitive Positioning of Asia Pacific Cyber Insurance Market- By Country
11.11 China Cyber Insurance Market: Size and Forecast, By Value (2017-2027)
11.12 China Cyber Insurance Market By Insurance Type, By Organization, By Application, By Value (2017-2027)
11.13 Japan Cyber Insurance Market: Size and Forecast, By Value (2017-2027)
11.14 Japan Cyber Insurance Market By Insurance Type, By Organization, By Application, By Value (2017-2027)
11.15 India Cyber Insurance Market: Size and Forecast, By Value (2017-2027)
11.16 India Cyber Insurance Market By Insurance Type, By Organization, By Application, By Value (2017-2027)
11.17 South Korea Cyber Insurance Market: Size and Forecast, By Value (2017-2027)
11.18 South Korea Cyber Insurance Market By Insurance Type, By Organization, By Application, By Value (2017-2027)
11.19 Singapore Cyber Insurance Market: Size and Forecast, By Value (2017-2027)
11.20 Singapore Cyber Insurance Market By Insurance Type, By Organization, By Application, By Value (2017-2027)

12. Middle East and Africa Cyber Insurance Market: An Analysis (2017-2027)

12.1 Middle East and Africa Cyber Insurance Market: Market Indicators
12.2 Middle East and Africa Cyber Insurance Market- Size and Forecast, By Value (2017-2027)
12.3 Middle East and Africa Cyber Insurance Market By Insurance Type, (Standalone, Packaged), By Value
12.4 Middle East and Africa Cyber Insurance Market By Organization, (Large Enterprise, SME’s), By Value
12.5 Middle East and Africa Cyber Insurance Market By Application, (Healthcare, IT & Telecom, BFSI, Others), By Value

13. Global Cyber Insurance Market Dynamics

13.1 Global Cyber Insurance Market Drivers
13.2 Global Cyber Insurance Market Restraints
13.3 Global Cyber Insurance Market Trends

14. Market Attractiveness and Strategic Analysis

14.1 Market Attractiveness Chart of Global Cyber Insurance Market - By Insurance Type (Year 2027)
14.2 Market Attractiveness Chart of Global Cyber Insurance Market - By Organization (Year 2027)
14.3 Market Attractiveness Chart of Global Cyber Insurance Market - By Application (Year 2027)
14.4 Market Attractiveness Chart of Global Cyber Insurance Market - By Region (Year 2027)

15. Competitive Landscape

15.1 Recent Developments
15.2 Market Share of global leading companies

16. Company Profiles (Business Description, Financial Analysis, Business Strategy)

16.1 Allianz Group
16.2 AIG
16.3 AXA XL
16.4 AON Plc.
16.5 Liberty Mutual
16.6 Chubb Limited
16.7 Beazley
16.8 Travelers
16.9 Axis Capital
16.10 CNA Financial

17. About the Publisher

List of Figures

Global Internet Penetration Rate, 2021 (In %)
Global Number of Smartphone shipments 2019-2021 (in billion)
Average Cost of data breaches Worldwide by Industry, 2020-2021 (USD Mn)
Global Internet Users, By Region, Q1 2020 (In %)
Global Smartphone Penetration Rate, 2018-2020 (In %)
Global Number of Smartphone users 2018-2020 (in billion)
Worldwide prevalence to cyber threats, 2021
Internet Users Distribution in the World (2021)
Global Internet Users, By Region, March 2021 (In Million)
Global Cyber Insurance Coverage, By Sector, 2021 (In %)
Types of incidents covered by Cyber Insurance policies worldwide (In %)
Global Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
Global Cyber Insurance Market- By Insurance Type Market Share, 2021 & 2027
Global Cyber Insurance Market- By Standalone, By Value (USD Billion), 2017-2027
Global Cyber Insurance Market- By Packaged, By Value (USD Billion), 2017-2027
Global Cyber Insurance Market- By Organization Market Share, 2021 & 2027
Global Cyber Insurance Market- By Large Enterprise, By Value (USD Billion), 2017-2027
Global Cyber Insurance Market- By SME’s, By Value (USD Billion), 2017-2027
Global Cyber Insurance Market- By Application Market Share, 2021 & 2027
Global Cyber Insurance Market- By Healthcare, By Value (USD Billion), 2017-2027
Global Cyber Insurance Market- By IT & Telecom, By Value (USD Billion), 2017-2027
Global Cyber Insurance Market- By BFSI, By Value (USD Billion), 2017-2027
Global Cyber Insurance Market- By Others, By Value (USD Billion), 2017-2027
Global Cyber Insurance Market- By Region Market Share, 2021 & 2027
North America Individuals Using the Internet, 2018-2020 ( In % of Population)
North America GDP Per Capita, value (USD Million), 2018-20
Americas Internet Users, By Countries, 2021 (In %)
Top Cyber Insurance company share in Brazil, 2021 (%)
Brazil Cyber Insurance Premiums growth (BRL Million), 2019-21
Americas Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
Americas Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
Americas Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
Americas Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
Market Opportunity Chart of Americas Cyber Insurance Market- By Country, By Value (Year-2027)
Americas Cyber Insurance Market- By Country Market Share, 2021 & 2027
United States Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
United States Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
United States Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
United States Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
Canada Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
Canada Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
Canada Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
Canada Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
Internet Penetration in European Union Countries, 2020, (In %)
Europe Internet Users By Age (%), 2017-2019
Europe Smartphone users by countries, 2020, (In Mn)
Europe Smartphone penetration by countries, 2020, (In %)
Europe Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
Europe Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
Europe Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
Europe Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
Market Opportunity Chart of Europe Cyber Insurance Market- By Country, By Value (Year-2027)
Europe Cyber Insurance Market- By Country Market Share, 2021 & 2027
United Kingdom Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
United Kingdom Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
United Kingdom Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
United Kingdom Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
Germany Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
Germany Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
Germany Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
Germany Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
France Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
France Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
France Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
France Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
Asia Pacific Internet Penetration, 2017-2020 ( in %)
East Asia Pacific Individuals Using the Internet, 2018 - 2020 ( In % of Population)
Asia Pacific Internet Users, By Countries, 2021 (In Million)
Asia Pacific Smartphone Users, By Countries 2019 (In Million)
Asia Pacific Smartphone Penetration, By Countries, 2020 (In Million)
Asia Pacific Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
Asia Pacific Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
Asia Pacific Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
Asia Pacific Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
Market Opportunity Chart of Asia Pacific Cyber Insurance Market- By Country, By Value (Year-2027)
Asia Pacific Cyber Insurance Market- By Country Market Share, 2021 & 2027
China Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
China Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
China Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
China Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
Japan Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
Japan Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
Japan Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
Japan Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
India Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
India Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
India Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
India Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
South Korea Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
South Korea Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
South Korea Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
South Korea Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
Singapore Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
Singapore Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
Singapore Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
Singapore Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
Middle East and North Africa Population (in Million), 2018-2020
Middle East and North Africa, GDP Per Capita, value (USD Million), 2018-20
Middle East and North Africa, Internet Penetration (% of total population), 2018-2020
Middle East and Africa Cyber Insurance Market Size, By Value, 2017-2027 (USD Billion)
Middle East and Africa Cyber Insurance Market- By Insurance Type, By Value (USD Billion), 2017-2027
Middle East and Africa Cyber Insurance Market- By Organization, By Value (USD Billion), 2017-2027
Middle East and Africa Cyber Insurance Market- By Application, By Value (USD Billion), 2017-2027
Market Attractiveness Chart of Global Cyber Insurance Market- By Insurance Type (Year-2027)
Market Attractiveness Chart of Global Cyber Insurance Market- By Organization (Year-2027)
Market Attractiveness Chart of Global Cyber Insurance Market- By Application (Year-2027)
Market Attractiveness Chart of Global Cyber Insurance Market- By Region (Year-2027)
Global leading Cyber Insurance company market share (%), 2021
Allianz Group Annual Sales Revenue, 2017-2021 (USD Million)
Allianz Group Net Income, 2017-2021 (USD Million)
Allianz Group Sales Revenue, By Business Segment (%), FY2021
Allianz Group Sales Revenue, By Geographical Segment (%), FY2021
AIG Annual Sales Revenue, 2017-2021 (USD Million)
AIG Net Income, 2017-2021 (USD Million)
AIG Sales Revenue, By Business Segment (%), FY2021
AIG Sales Revenue, By Geographical Segment (%), FY2021
AXA XL Annual Sales Revenue, 2017-2021 (USD Million)
AXA XL Net Income, 2017-2021 (USD Million)
AXA XL Sales Revenue, By Business Segment (%), FY2021
AXA XL Sales Revenue, By Geographical Segment (%), FY2021
AON Plc Annual Sales Revenue, 2017-2021 (USD Million)
AON Plc Net Income, 2017-2021 (USD Million)
AON Plc Sales Revenue, By Business Segment (%), FY2021
AON Plc Sales Revenue, By Geographical Segment (%), FY2021
Liberty Mutual Annual Sales Revenue, 2017-2021 (USD Million)
Liberty Mutual Net Income, 2017-2021 (USD Million)
Liberty Mutual Sales Revenue, By Business Segment (%), FY2021
Liberty Mutual Sales Revenue, By Business Segment (%), FY2020
Chubb Limited Annual Sales Revenue, 2017-2021 (USD Million)
Chubb Limited Net Income, 2017-2021 (USD Million)
Chubb Limited Net Premium Earned, By Business Segment (%), FY2021
Chubb Limited Net Premium Earned, By Geographical Segment (%), FY2021
Beazley Annual Sales Revenue, 2017-2021 (USD Million)
Beazley Net Income, 2017-2021 (USD Million)
Beazley Sales Revenue, By Business Segment (%), FY2021
Beazley Sales Revenue, By Geographical Segment (%), FY2021
Beazley Sales Revenue, By Insurance Type (%), FY2021
Beazley Sales Revenue, By Premium Written by claim settlement term (%), FY2021
Travelers Annual Sales Revenue, 2017-2021 (USD Million)
Travelers Net Income, 2017-2021 (USD Million)
Travelers Sales Revenue, By Business Segment (%), FY2021
Travelers Sales Revenue, By Geographical Segment (%), FY2021
Axis Capital Annual Sales Revenue, 2017-2021 (USD Million)
Axis Capital Net Income, 2017-2021 (USD Million)
Axis Capital Net Premium earned, By Business Segment (%), FY2021
Axis Capital Gross Premium Written, By Geographical Segment (%), FY2021
CNA Financial Annual Sales Revenue, 2017-2021 (USD Million)
CNA Financial Net Income, 2017-2021 (USD Million)
CNA Financial Net Premium earned, By Business Segment (%), FY2021
CNA Financial Net Premium earned, By Business Segment (%), FY2020

List of Tables

Top Countries by Smartphone Users (2021)
Top U.S. Cyber Insurance Companies

Table Information

Report Attribute	Details
No. of Pages	220
Published	July 2022
Forecast Period	2022 - 2027
Estimated Market Value ( USD ) in 2022	$ 11.83 Billion
Forecasted Market Value ( USD ) by 2027	$ 35.78 Billion
Compound Annual Growth Rate	24.8%
Regions Covered	Global

License	Format	Properties	Price
SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€2371EUR$2,400USD£1,974GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€2964EUR$3,000USD£2,467GBP

Scope of the Report

Key Target Audience:

Table of Contents

Table Information

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