Cyber Insurance Market by Data Type (First-Party Coverage, Third-Party Coverage), By End-User (Financial Institutes Retail Healthcare Professional and Business services Manufacturing Information Technology and services Others) and By Company Size (Small-M

Global Cyber Insurance Market was valued at USD 5.06 Billion in the year 2017. Global Cyber Insurance market is further estimated to grow at a CAGR of 26.28% from 2018 to 2023 to reach USD 20.55 Billion. North America region holds the highest market share in 2017 with Asia Pacific region is considered as the fastest growing market in the forecasted period. At a country level, U.S. is the biggest market in 2017 and it is projected to grow at a gradual pace in the coming years.

Get Free Access to Sample Report @ https://genesismarketinsights.com/Sample_Request/GENRE070

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.

Get Full Customized Report @ https://genesismarketinsights.com/Report_Enquiry/GENRE070

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

(A brief overview of another 13 companies is also provided)

GET 40% DISCOUNT ON FINAL REPORT PRICING FOR THE FIRST TIME BUYER @ 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. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.

Contact Us;

Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
Mail us at: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

This release was published on openPR.