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GLOBAL CYBERSECURITY INSURANCE MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Global Cybersecurity Insurance Market by Component (Solutions, Services) Market by Insurance Type (First-party, Liability Coverage) Market by Coverage Type (Standalone, Tailored) Market by Vertical (Healthcare, Retail, BFSI, IT & Telecom, Manufacturing, Government Agencies, Other Verticals) by Geography

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MARKET OVERVIEW

The global cybersecurity insurance market was valued at $xx million in 2022 and is expected to reach $xx million by 2032, growing at a CAGR of 19.58% during the forecast period, 2023-2032.

Cybersecurity insurance, also known as cyber insurance or cyber liability insurance, is a specialized policy that provides financial protection to individuals and organizations against the potentially devastating consequences of cyberattacks and data breaches. It can cover a wide range of expenses, including repairing or replacing damaged computer systems, hiring consultants to investigate the attack and mitigate the damage, paying ransom demands, and defending against lawsuits filed by customers or employees whose data was compromised.

Cybersecurity Insurance Market

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GROWTH ENABLERS

Key growth enablers of the global cybersecurity insurance market are: 

  • Escalating frequency and complexity of cyber threats
    • Cybersecurity is undergoing a remarkable surge in growth, primarily propelled by the escalating frequency and intricate nature of cyber threats. As businesses increasingly depend on technology, they become more susceptible to cyberattacks, leading to potentially devastating consequences like financial losses, damage to reputation, and legal liabilities.
    • Accordingly, cybersecurity insurance emerges as a crucial and indispensable tool for businesses, aiding them in mitigating a cyberattack’s potentially catastrophic financial impact. This form of insurance extends its protective shield by covering a spectrum of expenses intricately linked to a cyberattack, including the costs associated with investigating the breach, facilitating necessary damage repairs, and mounting robust defenses against potential lawsuits. 
    • Cyberattacks have seen a sharp rise in quantity and sophistication in recent years. As per the Ponemon Institute and IBM’s 2021 Cost of a Data Breach Report findings, the average overall expense associated with a data breach rose from $3.86 million to $4.24 million in 2021. 
    • The trend of increasing cyber threats is expected to continue. Accordingly, as businesses continue integrating technology into their operations and cybercriminals refine their tactics, the demand for robust cybersecurity insurance will likely keep growing to safeguard against potential cyber risks. 
  • High financial loss recovery rates 
  • Surging mandatory legislation concerning cybersecurity

GROWTH RESTRAINTS

Key factors restraining the global cybersecurity insurance market growth are:

  • Limited awareness of cybersecurity insurance
    • Many businesses, especially small and medium-sized enterprises (SMEs), are not fully aware of the existence and importance of cybersecurity insurance, making it less likely for them to consider it a vital part of their cybersecurity strategy. This lack of awareness can be attributed to various factors, including the novelty of the concept, the perception that existing security measures are sufficient, concerns about the cost of premiums, and the complexity of policy terms. 
    • Additionally, the lack of comprehensive data and real-world examples demonstrating the financial impact of cyber incidents can hinder individuals and businesses from recognizing the urgency of cybersecurity insurance. Many may not appreciate the value of investing in adequate protection without tangible evidence of the potential financial losses resulting from cyberattacks. Therefore, limited awareness of cybersecurity insurance is a major barrier to the global cybersecurity insurance market growth.  
  • Rising costs of cybersecurity insurance

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KEY MARKET TRENDS

Global Cybersecurity Insurance Market | Top Trends

  • Cybersecurity insurance is becoming an essential risk mitigation tool as cyber threats continue to evolve and pose significant risks to businesses. The ability of cybersecurity insurance policies to effectively compensate policyholders for financial losses incurred due to cyber incidents is gaining attention among businesses of all sizes and industries. 
  • Insurers are responding to the increased demand for cybersecurity insurance by developing new and innovative insurance products. These products are designed to meet the specific needs of businesses of all sizes and industries. For example, some insurers offer policies that cover the cost of data breach response, while others offer policies that cover the cost of ransom payments.

MARKET SEGMENTATION

Market Segmentation – Component, Insurance Type, Coverage Type, and Vertical –

Market by Component:

  • Solution 
  • Services 

Market by Insurance Type:

  • First-Party
    • The first-party insurance type is developed to safeguard businesses from financial losses resulting from cyberattacks. It is gaining momentum as businesses become more cognizant of cyberattack risks and seek effective ways to shield themselves from financial liabilities.
    • First-party coverage is typically more expensive than liability coverage but also more comprehensive. First-party coverage covers all of the financial losses a business incurs due to a cyberattack, regardless of whether or not they are found liable.
  • Liability Coverage

Market by Coverage Type:

  • Standalone 
  • Tailored 
    • Tailored coverage is experiencing significant growth in the cybersecurity insurance market due to its ability to cater to the unique needs of individual businesses. As cyberattacks evolve in sophistication and frequency, businesses find the customization offered by tailored coverage increasingly essential in ensuring comprehensive protection.
    • Tailored coverage can be customized to cover the specific risks a business faces, such as the type of data that the business collects and stores, the industry in which the business operates, and the level of cybersecurity risk the business faces. This can ensure businesses that they are protected from the financial losses that they may incur due to a cyberattack.

Market by Vertical:

  • Healthcare 
  • Retail
  • BFSI
  • IT & Telecom
  • Manufacturing
  • Government Agencies
  • Other Verticals

GEOGRAPHICAL STUDY

Geographical Study based on Four Major Regions:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Spain, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Taiwan, Thailand, Singapore, Australia & New Zealand, and Rest of Asia-Pacific
    • The increasing sophistication of cyberattacks, the growing amount of sensitive data, and the rising regulatory requirements drive the Asia-Pacific cybersecurity insurance market growth. 
    • Governments in Asia-Pacific are imposing new regulations on businesses that require them to have cybersecurity measures in place. This further drives the demand for cybersecurity insurance, as businesses need to protect themselves from the financial losses they may incur due to a cyberattack.
  • Rest of World: Latin America, Middle East & Africa

MAJOR PLAYERS

The major players in the global cybersecurity insurance market are:

  • Allianz
  • American International Group Inc
  • Aon Plc
  • AXA Xl 
  • AXIS Capital Holdings Limited
  • Lockton Companies Inc
  • Munich RE

Key strategies adopted by some of these companies:

  • In February 2023, Munich Re Specialty Insurance (MRSI) unveiled Reflex. This tailored cyber risk management initiative delivers individualized services guided by professionals well-versed in privacy, network security, and cyber education.
  • In September 2022, AXIS Capital Holdings introduced a new insurance policy to deliver bespoke coverage for cyber and specialized liabilities to enterprises with revenues reaching up to $2 billion.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedComponent, Insurance Type, Coverage Type, Vertical
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies Analyzed

Allianz, American International Group Inc, Aon PLC, AXA XL, AXIS Capital Holdings Limited, BCS Financial, Beazley Group, Berkshire Hathaway Inc, CNA Financial Corporation, Lloyds of London Ltd, Lockton Companies Inc, Munich Re, The Chubb Corporation, The Hanover Insurance Inc, The Travelers Indemnity Company, Zurich Insurance

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. ESCALATING FREQUENCY AND COMPLEXITY OF CYBER THREATS
      2. HIGH FINANCIAL LOSS RECOVERY RATES 
      3. SURGING MANDATORY LEGISLATION CONCERNING CYBERSECURITY
    2. KEY RESTRAINTS
      1. LIMITED AWARENESS OF CYBERSECURITY INSURANCE
      2. RISING COSTS OF CYBERSECURITY INSURANCE
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
  5. MARKET BY COMPONENT
    1. SOLUTIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. SERVICES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY INSURANCE TYPE
    1. FIRST-PARTY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. LIABILITY COVERAGE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY COVERAGE TYPE
    1. STANDALONE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. TAILORED
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. MARKET BY VERTICAL
    1. HEALTHCARE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. RETAIL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. BFSI
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. IT & TELECOM
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. MANUFACTURING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    6. GOVERNMENT AGENCIES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    7. OTHER VERTICALS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  9. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA CYBERSECURITY INSURANCE MARKET DRIVERS
      3. NORTH AMERICA CYBERSECURITY INSURANCE MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA CYBERSECURITY INSURANCE MARKET 
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE CYBERSECURITY INSURANCE MARKET DRIVERS
      3. EUROPE CYBERSECURITY INSURANCE MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE CYBERSECURITY INSURANCE MARKET 
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        6. REST OF EUROPE
          1. REST OF EUROPE CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC CYBERSECURITY INSURANCE MARKET DRIVERS
      3. ASIA-PACIFIC CYBERSECURITY INSURANCE MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC CYBERSECURITY INSURANCE MARKET 
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        5. TAIWAN
          1. TAIWAN CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        7. SINGAPORE
          1. SINGAPORE CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD CYBERSECURITY INSURANCE MARKET DRIVERS
      3. REST OF WORLD CYBERSECURITY INSURANCE MARKET CHALLENGES
      4. KEY PLAYERS IN REST OF WORLD CYBERSECURITY INSURANCE MARKET 
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA CYBERSECURITY INSURANCE MARKET SIZE & OPPORTUNITIES
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. PRODUCT LAUNCHES & DEVELOPMENTS
      2. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. ALLIANZ
      2. AMERICAN INTERNATIONAL GROUP INC
      3. AON PLC
      4. AXA XL 
      5. AXIS CAPITAL HOLDINGS LIMITED
      6. BCS FINANCIAL CORPORATION
      7. BEAZLEY GROUP
      8. BERKSHIRE HATHAWAY INC
      9. CNA FINANCIAL CORPORATION
      10. LLOYDS OF LONDON LTD
      11. LOCKTON COMPANIES INC
      12. MUNICH RE
      13. THE CHUBB CORPORATION
      14. THE HANOVER INSURANCE INC
      15. THE TRAVELERS INDEMNITY COMPANY
      16. ZURICH INSURANCE

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – CYBERSECURITY INSURANCE MARKET 

TABLE 2: GLOBAL CYBERSECURITY INSURANCE MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: GLOBAL CYBERSECURITY INSURANCE MARKET, BY COMPONENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: GLOBAL SOLUTIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: GLOBAL SOLUTIONS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: GLOBAL SERVICES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: GLOBAL SERVICES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: GLOBAL CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: GLOBAL CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: GLOBAL FIRST-PARTY MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: GLOBAL FIRST-PARTY MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: GLOBAL LIABILITY COVERAGE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: GLOBAL LIABILITY COVERAGE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 14: GLOBAL CYBERSECURITY INSURANCE MARKET, BY COVERAGE TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: GLOBAL CYBERSECURITY INSURANCE MARKET, BY COVERAGE TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16: GLOBAL STANDALONE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17: GLOBAL STANDALONE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 18: GLOBAL TAILORED MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19: GLOBAL TAILORED MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 20: GLOBAL CYBERSECURITY INSURANCE MARKET, BY VERTICAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 21: GLOBAL CYBERSECURITY INSURANCE MARKET, BY VERTICAL, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 22: GLOBAL HEALTHCARE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 23: GLOBAL HEALTHCARE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 24: GLOBAL RETAIL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 25: GLOBAL RETAIL MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 26: GLOBAL BFSI MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 27: GLOBAL BFSI MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 28: GLOBAL IT & TELECOM MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 29: GLOBAL IT & TELECOM MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 30: GLOBAL MANUFACTURING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 31: GLOBAL MANUFACTURING MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 32: GLOBAL GOVERNMENT AGENCIES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 33: GLOBAL GOVERNMENT AGENCIES MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 34: GLOBAL OTHER VERTICALS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 35: GLOBAL OTHER VERTICALS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 36: GLOBAL CYBERSECURITY INSURANCE MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 37: GLOBAL CYBERSECURITY INSURANCE MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 38: NORTH AMERICA CYBERSECURITY INSURANCE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 39: NORTH AMERICA CYBERSECURITY INSURANCE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 40: KEY PLAYERS OPERATING IN NORTH AMERICA CYBERSECURITY INSURANCE MARKET 

TABLE 41: EUROPE CYBERSECURITY INSURANCE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 42: EUROPE CYBERSECURITY INSURANCE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 43: KEY PLAYERS OPERATING IN EUROPE CYBERSECURITY INSURANCE MARKET 

TABLE 44: ASIA-PACIFIC CYBERSECURITY INSURANCE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 45: ASIA-PACIFIC CYBERSECURITY INSURANCE MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 46: KEY PLAYERS OPERATING IN ASIA-PACIFIC CYBERSECURITY INSURANCE MARKET 

TABLE 47: REST OF WORLD CYBERSECURITY INSURANCE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 48: REST OF WORLD CYBERSECURITY INSURANCE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 49: KEY PLAYERS OPERATING IN REST OF WORLD CYBERSECURITY INSURANCE MARKET 

TABLE 50: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 51: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 4: GROWTH PROSPECT MAPPING FOR GERMANY AND FRANCE

FIGURE 5: GROWTH PROSPECT MAPPING FOR CHINA AND INDIA

FIGURE 6: GROWTH PROSPECT MAPPING FOR BRAZIL AND SAUDI ARABIA

FIGURE 7: MARKET MATURITY ANALYSIS

FIGURE 8: MARKET CONCENTRATION ANALYSIS

FIGURE 9: GLOBAL CYBERSECURITY INSURANCE MARKET, GROWTH POTENTIAL, BY OFFERING TYPE, IN 2022

FIGURE 10: GLOBAL CYBERSECURITY INSURANCE MARKET, BY SOLUTIONS, 2023-2032 (IN $ MILLION)

FIGURE 11: GLOBAL CYBERSECURITY INSURANCE MARKET, BY SERVICES, 2023-2032 (IN $ MILLION)

FIGURE 12: GLOBAL CYBERSECURITY INSURANCE MARKET, GROWTH POTENTIAL, BY INSURANCE TYPE, IN 2022

FIGURE 13: GLOBAL CYBERSECURITY INSURANCE MARKET, BY FIRST-PARTY, 2023-2032 (IN $ MILLION)

FIGURE 14: GLOBAL CYBERSECURITY INSURANCE MARKET, BY LIABILITY COVERAGE, 2023-2032 (IN $ MILLION)

FIGURE 15: GLOBAL CYBERSECURITY INSURANCE MARKET, GROWTH POTENTIAL, BY COVERAGE TYPE, IN 2022

FIGURE 16: GLOBAL CYBERSECURITY INSURANCE MARKET, BY STANDALONE, 2023-2032 (IN $ MILLION)

FIGURE 17: GLOBAL CYBERSECURITY INSURANCE MARKET, BY TAILORED, 2023-2032 (IN $ MILLION)

FIGURE 18: GLOBAL CYBERSECURITY INSURANCE MARKET, GROWTH POTENTIAL, BY VERTICAL, IN 2022

FIGURE 19: GLOBAL CYBERSECURITY INSURANCE MARKET, BY HEALTHCARE, 2023-2032 (IN $ MILLION)

FIGURE 20: GLOBAL CYBERSECURITY INSURANCE MARKET, BY RETAIL, 2023-2032 (IN $ MILLION)

FIGURE 21: GLOBAL CYBERSECURITY INSURANCE MARKET, BY BFSI, 2023-2032 (IN $ MILLION)

FIGURE 22: GLOBAL CYBERSECURITY INSURANCE MARKET, BY IT & TELECOM, 2023-2032 (IN $ MILLION)

FIGURE 23: GLOBAL CYBERSECURITY INSURANCE MARKET, BY MANUFACTURING, 2023-2032 (IN $ MILLION)

FIGURE 24: GLOBAL CYBERSECURITY INSURANCE MARKET, BY GOVERNMENT AGENCIES, 2023-2032 (IN $ MILLION)

FIGURE 25: GLOBAL CYBERSECURITY INSURANCE MARKET, BY OTHER VERTICALS, 2023-2032 (IN $ MILLION)

FIGURE 26: NORTH AMERICA CYBERSECURITY INSURANCE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 27: UNITED STATES CYBERSECURITY INSURANCE MARKET,2023-2032 (IN $ MILLION)

FIGURE 28: CANADA CYBERSECURITY INSURANCE MARKET,2023-2032 (IN $ MILLION)

FIGURE 29: EUROPE CYBERSECURITY INSURANCE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 30: UNITED KINGDOM CYBERSECURITY INSURANCE MARKET,2023-2032 (IN $ MILLION)

FIGURE 31: GERMANY CYBERSECURITY INSURANCE MARKET,2023-2032 (IN $ MILLION)

FIGURE 32: FRANCE CYBERSECURITY INSURANCE MARKET,2023-2032 (IN $ MILLION)

FIGURE 33: ITALY CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 34: SPAIN CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: REST OF EUROPE CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: ASIA-PACIFIC CYBERSECURITY INSURANCE MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 37: CHINA CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: JAPAN CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: INDIA CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: SOUTH KOREA CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 41: TAIWAN CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 42: THAILAND CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 43: SINGAPORE CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 44: AUSTRALIA & NEW ZEALAND CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 45: REST OF ASIA-PACIFIC CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 46: REST OF WORLD CYBERSECURITY INSURANCE MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)

FIGURE 47: LATIN AMERICA CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FIGURE 48: MIDDLE EAST & AFRICA CYBERSECURITY INSURANCE MARKET, 2023-2032 (IN $ MILLION)

FAQ’s

FAQs

Cybersecurity insurance typically covers data breaches, ransomware attacks, denial of service attacks, business email compromise (BEC), and social engineering scams.

The industries that allocate substantial budgets for cybersecurity include banking, manufacturing, professional services, and federal governments.

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