1h Free Analyst TimeThis report provides an in-depth analysis of the cyber insurance market. It looks at market size as well as claims, contextual and economic factors, regulations, and opportunities. It provides a thorough overview of the market, along with analysis of how the development of cyber insurance will impact the insurance value chain.
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Cybersecurity was thrust into the spotlight in 2020 as the COVID-19 pandemic forced businesses to digitize their processes and adopt remote-working practices overnight. The pandemic also presented an opportunity for cybercriminals to exploit global panic, with a surge in cyberattacks occurring in 2020. This has made the need for cyber insurance apparent to businesses, but the market is not as easy to navigate as it once was.
- The global cyber insurance market generated $7.01bn in premiums in 2020.
- The market is forecast to post strong growth over the next five years, generating $20.6bn in 2025.
- More providers are entering the market for personal cyber insurance, but only 2.8% of UK consumers hold such a product.
Reasons to Buy
- Benchmark yourself against the rest of the market.
- Ensure you remain competitive as new innovations and insurance models begin to enter the market.
- Be prepared for how regulation will impact the cyber insurance market over the next few years.
Table of Contents
- Executive summary
- Thematic briefing
- Industry analysis
- The UK cyber insurance market
- Value chain
- Sector scorecards
- Further reading
- Thematic research methodology
- About the Publisher
- Contact the Publisher
A selection of companies mentioned in this report includes:
- Arthur J. Gallagher
- Liberty Mutual
- Palo Alto Networks
- Willis Towers Watson
- Simply Business