Press release
Cyber Insurance Market Expected to Touch USD 20.55 Billion by 2022
Genesis Market Insights
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American International Group, Inc. (U.S.), The Chubb Corporation (U.S.), Zurich Insurance Co. Ltd (Switzerland), are some of the key players in the Cyber Insurance market with American International Group, Inc. holding the substantial market share because of its better global presence at an operational level. Growth strategies such as acquisition, merger, and expansion of the business network were few techniques adopted by most of Tier 1 and Tier 2 service providers in recent years.
Drivers:
Number of cyber-attacks is surging
Mandatory Legislation Regarding Cyber Security
Restraints:
Lack of Historical Data
Opportunities:
Increase focus on claim and risk management capabilities
Challenges:
Lack of cyber-security incident data in support of risk assessment
The Financial Institution segment is expected to hold the highest market share during the forecast period. The Financial institute holds the largest share because it includes banking and investment companies who have the high risk of cyber-attacks.
On the other hand, Large Scale Enterprises market for Cyber Insurance is expected to grow at the highest CAGR during the year 2018-2023. Large-scale enterprises hold the largest market share because enterprise risk transfer is more as compared to small-medium enterprises.
Key Benefits for Stakeholders
• Cyber Insurance service providers
• Research and Consulting organization
• Technology Standards Organizations, Forums, Alliances and Associations
• End-use industries
• Regulatory bodies
By Company Size
• Small-Medium Scale Enterprise ($2.5 Million to $1 Billion)
• Large Scale Enterprise ($1.1 Billion and above)
By Type
• First-Party Coverage
• Third-Party Coverage
By End-User Industry
• Financial Institutes
• Retail
• Healthcare
• Professional and Business services
• Manufacturing
• Information Technology and services
• Others
By Region
• North America
• Europe
• Asia-Pacific
• LAMEA
Key Market Players
• American International Group, Inc.
• Chubb Limited
• XL Group Limited
• Beazley PLC
• Allianz Group
• Zurich Insurance Group
• Munich Re Group
Read Report Overview with Full TOC @ https://genesismarketinsights.com/viewreport/71/31/Cyber-Insurance-Market
About Us:
Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe.
Contact Us;
Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
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