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The new report by Expert Market Research titled, ‘Global Cyber Insurance Market Price, Trends, Growth, Analysis, Report and Forecast 2020-2025′, gives an in-depth analysis of the global cyber insurance market, assessing the market based on its segments like company sizes, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2015-2025)

  • Historical Market Size (2019): USD 6 billion
  • Forecast CAGR (2020-2025): 20%

The cyber insurance market is being driven by the rising penetration of the internet across the world. The market is further aided by the growing cyber insurance policies. This can be attributed to the rise in cyber-attacks. Many such incidents have taken place over the years, such as system infringement of health insurer Anthem Inc., organized cyber-attack on the Ukrainian national energy distribution businesses, a huge client data breach that LinkedIn and Twitter, and infringement of the unclassified network of the White House. All such incidents have led to an increased alertness and to safeguard from such cybercrimes, companies are actively seeking cyber insurance. Thereby aiding the market growth of cyber insurance.

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Industry Definition and Major Segments

Cyber insurance is an insurance policy that is used to safeguard companies and individual clients from internet-based hazards and risks related to infrastructure and operations associated with information technology.

Based on company size, the industry can be segmented into:

  • Small and Medium Enterprises
  • Large Enterprises

On the basis of application, the market is divided into:

By region, the cyber insurance market can be segmented into

  • North America
  • Latin America
  • Europe
  • Middle East and Africa
  • Asia Pacific

Market Trends

The cyber insurance market is expected to be defined by the rising awareness about insurance, an increasing number of cyber-attacks, growing government regulations, rising mitigation solutions by companies, risk mitigation, and increasing cases of data breach in the forecast period. There is expected to be rising incidences of data breach over the forecast period. This, along with the growing focus of companies on the digital data, workforce mobility, and cloud computing are all expected to make local computer systems, cloud servers, and enterprise databases susceptible to breaches. This is attributed to the rapid adoption of data-breach-centric cyber insurance to reduce the third- and first-party financial losses.

Key Market Players

The major players in the market are AON Plc (NYSE: AON), American International Group, Inc. (NYSE: AIG), Allianz Global Corporate & Specialty (Allianz Group) (ETR: ALV), Berkshire Hathaway Speciality Insurance, Lockton, Inc., Chubb Group Holdings Inc., Munich Re (ETR: MUV2), Xl Catlin Insurance Co. UK Ltd., and Zurich Insurance Co. Ltd. (Zurich Insurance Group AG) (SWX: ZURN), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 138 Duane St, NY 10013
City: New York City
State: New York
Country: United States

The post Cyber Insurance Market Size 2020 | Industry Growth, Price, Trends, Report and Forecast 2025 appeared first on Super Market Research.

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