Cyber (Liability) Insurance Market Overview
Cyber insurance is designed to assist an organization with cyber-related security breach or similar events. It provides coverages associated with initial parties moreover as claims by third parties, so as to mitigate risk exposure by compensatory prices attached recovery of internet-based cyber losses. It generally includes losses from network security breaches, loss of privacy, indemnification from lawsuits associated with information breaches, and others. These attacks have escalated in terms of intensity and frequency, motion a threat to people, organizations, and countries that are driving the adoption of cyber insurance solutions. Cyber-attacks have associate adverse impact on businesses like declining client base, disruption of business, regulative fines, legal penalties & professional person fees, loss of holding, and reputational injury.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Industry Vertical, Coverage Type, Enterprise size, End User and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Allianz, American International Group, Inc. , Aon plc , Aviva , AXA , Chubb, Direct Line Insurance Group plc., Marsh , Willis Towers Watson , Zurich. |
The covid-19 Impact on Cyber (Liability) Insurance Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Cyber (Liability) Insurance Market Segment Overview
On the basis of components, the market is split into solutions and services.
Based on the insurance type, the market is segregated into standalone and tailored.
In terms of coverage type, the market is classified into first-party and liability coverage.
Based on enterprise size, the market is segmented into large enterprises and small and medium enterprises (SMEs).
By end-user, the global market is branched into healthcare, retail, BFSI, IT & telecommunication, manufacturing, and others. The BFSI sub-segment is about during most shares throughout the forecast period.
Market Analysis, Insights and Forecast – By Components
· Solutions
· Services
Market Analysis, Insights and Forecast – By Insurance Type
· Standalone
· Tailored
Market Analysis, Insights and Forecast – By Coverage type
· First-party
· Liability coverage
Market Analysis, Insights and Forecast – By Enterprise size
· Large enterprises
· Small and medium enterprises (SMEs).
Market Analysis, Insights and Forecast – By End user
· Healthcare
· Retail
· BFSI
· IT & telecommunication
· Manufacturing
· Others
Cyber (Liability) Insurance Market Regional Overview
Region-wise, in terms of regions, APAC countries are extremely involved regarding the rise in security defrayment due to the ever-growing threat landscape. The region contains rising economies, such China, Japan, ANZ, and Singapore. With effective government laws and technological advancements, cyber insurance is witnessing high growth opportunities during this region. Varied developments are going down in APAC, regarding the adoption of technologies, like bismuth tools, cloud, analytics, and rapid infrastructure development.
Cyber (Liability) Insurance Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Cyber (Liability) Insurance Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Cyber (Liability) Insurance are highlighted below.
· In 2021, Munich Re Group’s HSB insurer procured Zeguro that is a cybersecurity firm in order to increase and reinforce the cyber protection offering. The firm’s experience aids insurance company in comprehending novel cybersecurity exposure..
Cyber (Liability) Insurance Market, Key Players
· Allianz
· American International Group, Inc.
· Aon plc
· AXA
· Berkshire Hathway Inc
· Lloyd’s of London Ltd
· Lockton Companies, Inc
· Munich Re
· The Chubb Corporation
· Zurich
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Cyber (Liability) Insurance market during the forecast period?
Cyber (Liability) Insurance market is expected to record a CAGR of ~ xx% during the forecast period
Q2. Which segment is projected to hold the largest share in the Cyber (Liability) Insurance Market?
End to End segment is projected to hold the largest share in the Cyber (Liability) Insurance Market
Q3. What are the driving factors for the Cyber (Liability) Insurance market?
Cyber insurance is designed to assist an organization with cyber-related security breach or similar events are key factors that boost the growth of the Cyber (Liability) Insurance market progressively
Q4. Which Segments are covered in the Cyber (Liability) Insurance market report?
Component, Industry Vertical, Coverage type, enterprise size, end user and Region, these segments are covered in the Cyber (Liability) Insurance market report
Q5. Which are the prominent players offering Cyber (Liability) Insurance?
Allianz, American International Group, Inc. , Aon plc , Aviva , AXA , Chubb, Direct Line Insurance Group plc., Marsh , Willis Towers Watson , Zurich are some of the key players offering Cyber (Liability) Insurance
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Cyber (Liability) Insurance Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Components
- 5.2.1. Solutions
- 5.2.2. Services
- 5.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 5.3.1. Standalone
- 5.3.2. Tailored
- 5.4. Market Analysis, Insights and Forecast – By Coverage Type
- 5.4.1. First-party
- 5.4.2. Liability coverage
- 5.5. Market Analysis, Insights and Forecast – By Enterprise Size
- 5.5.1. Large enterprises
- 5.5.2. Small and medium enterprises (SMEs)
- 5.6. Market Analysis, Insights and Forecast – By End User
- 5.6.1. Healthcare
- 5.6.2. Retail
- 5.6.3. BFSI
- 5.6.4. IT & telecommunication
- 5.6.5. Manufacturing
- 5.6.6. Others
- 5.7. Market Analysis, Insights and Forecast – By Region
- 5.7.1. North America
- 5.7.2. Europe
- 5.7.3. Asia Pacific
- 5.7.4. Latin America, Middle East, and Africa
6. North America Cyber (Liability) Insurance Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Components
- 6.2.1. Solutions
- 6.2.2. Services
- 6.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 6.3.1. Standalone
- 6.3.2. Tailored
- 6.4. Market Analysis, Insights and Forecast – By Coverage Type
- 6.4.1. First-party
- 6.4.2. Liability coverage
- 6.5. Market Analysis, Insights and Forecast – By Enterprise Size
- 6.5.1. Large enterprises
- 6.5.2. Small and medium enterprises (SMEs)
- 6.6. Market Analysis, Insights and Forecast – By End User
- 6.6.1. Healthcare
- 6.6.2. Retail
- 6.6.3. BFSI
- 6.6.4. IT & telecommunication
- 6.6.5. Manufacturing
- 6.6.6. Others
- 6.7. Market Analysis, Insights and Forecast – By Country
- 6.7.1. U.S.
- 6.7.2. Canada
7. Europe Cyber (Liability) Insurance Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Components
- 7.2.1. Solutions
- 7.2.2. Services
- 7.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 7.3.1. Standalone
- 7.3.2. Tailored
- 7.4. Market Analysis, Insights and Forecast – By Coverage Type
- 7.4.1. First-party
- 7.4.2. Liability coverage
- 7.5. Market Analysis, Insights and Forecast – By Enterprise Size
- 7.5.1. Large enterprises
- 7.5.2. Small and medium enterprises (SMEs)
- 7.6. Market Analysis, Insights and Forecast – By End User
- 7.6.1. Healthcare
- 7.6.2. Retail
- 7.6.3. BFSI
- 7.6.4. IT & telecommunication
- 7.6.5. Manufacturing
- 7.6.6. Others
- 7.7. Market Analysis, Insights and Forecast – By Country
- 7.7.1. UK
- 7.7.2. Germany
- 7.7.3. France
- 7.7.4. Italy
- 7.7.5. Spain
- 7.7.6. Russia
- 7.7.7. Rest of Europe
8. Asia Pacific Cyber (Liability) Insurance Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Components
- 8.2.1. Solutions
- 8.2.2. Services
- 8.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 8.3.1. Standalone
- 8.3.2. Tailored
- 8.4. Market Analysis, Insights and Forecast – By Coverage Type
- 8.4.1. First-party
- 8.4.2. Liability coverage
- 8.5. Market Analysis, Insights and Forecast – By Enterprise Size
- 8.5.1. Large enterprises
- 8.5.2. Small and medium enterprises (SMEs)
- 8.6. Market Analysis, Insights and Forecast – By End User
- 8.6.1. Healthcare
- 8.6.2. Retail
- 8.6.3. BFSI
- 8.6.4. IT & telecommunication
- 8.6.5. Manufacturing
- 8.6.6. Others
- 8.7. Market Analysis, Insights and Forecast – By Country
- 8.7.1. China
- 8.7.2. India
- 8.7.3. Japan
- 8.7.4. Australia
- 8.7.5. South East Asia
- 8.7.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Cyber (Liability) Insurance Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Components
- 9.2.1. Solutions
- 9.2.2. Services
- 9.3. Market Analysis, Insights and Forecast – By Industry Vertical
- 9.3.1. Standalone
- 9.3.2. Tailored
- 9.4. Market Analysis, Insights and Forecast – By Coverage Type
- 9.4.1. First-party
- 9.4.2. Liability coverage
- 9.5. Market Analysis, Insights and Forecast – By Enterprise Size
- 9.5.1. Large enterprises
- 9.5.2. Small and medium enterprises (SMEs)
- 9.6. Market Analysis, Insights and Forecast – By End User
- 9.6.1. Healthcare
- 9.6.2. Retail
- 9.6.3. BFSI
- 9.6.4. IT & telecommunication
- 9.6.5. Manufacturing
- 9.6.6. Others
- 9.7. Market Analysis, Insights and Forecast – By Country
- 9.7.1. Brazil
- 9.7.2. Saudi Arabia
- 9.7.3. UAE
- 9.7.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Allianz
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. American International Group, Inc.
- 10.6. Aon plc
- 10.7. AXA
- 10.8. Berkshire Hathway Inc
- 10.9. Lloyd’s of London Ltd
- 10.10. Lockton Companies, Inc
- 10.11. Munich Re
- 10.12. The Chubb Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
