Cyber Insurance Market 2019 Growth, Region Wise Analysis of Top Players, Growth rate, Application and Forecast by 2024; AIG, Chubb, XL Group, Beazley, Allianz, Zurich Insurance, Munich Re Group, Berkshire Hathaway, AON, AXIS Insurance, Lockton, CAN, Trave

MarketResearchNest.com adds “Global Cyber Insurance Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024”new report to its research database. The report spread across in a 138 pages with table and figures in it.

Cyber-insurance is an insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded from traditional commercial general liability policies or at least are not specifically defined in traditional insurance products. Coverage provided by cyber-insurance policies may include first-party coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; liability coverage indemnifying companies for losses to others caused, for example, by errors and omissions, failure to safeguard data, or defamation; and other benefits including regular security-audit, post-incident public relations and investigative expenses, and criminal reward funds.

Scope of the Report:
With cyber-attacks becoming the norm these days, even threatening to expand into a global epidemic, cyber-risk insurers across the globe are seeing organizations and end users scramble for protection from possible data and information security disasters.

North America dominates the cyber insurance market and accounts for around 89% of the overall cyber insurance market in 2016. Mandatory legislation regarding cyber security in several U.S. states has led to higher penetration of cyber liability insurance policies. Europe has very less penetration of cyber insurance liability policies as compared to that of the U.S. The European council has recently passed regulations regarding data protection and security, which are projected to be brought into effect in 2018. These regulations would oblige companies to purchase cyber insurance policies. Though Asia-Pacific accounts for negligible percentage share, it is expected to grow at a significant CAGR during the forecast period owing to a significant increase in ransomware attacks.

Most cyber insurance writers have shifted their writings to standalone policies and away from packaged policies; we found that more than 67% of the $2.19 billion total direct premiums written in 2016 were on a standalone basis. Insurers view standalone policies as more efficient and effective than packaged policies.

The top 3 cyber insurance writers are American International Group (AIG), Chubb and XL Group; these 3 companies had a combined market share of over 30 percent in 2016. The top 15 writers of cyber in this report held approximately 64 percent of the market in 2016.

The global Cyber Insurance market is valued at 2920 million USD in 2018 and is expected to reach 16700 million USD by the end of 2024, growing at a CAGR of 33.8% between 2019 and 2024.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Cyber Insurance.

Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Cyber Insurance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Cyber Insurance market by product type and applications/end industries.

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Market Segment by Manufacturers, this report covers
• AIG
• Chubb
• XL Group
• Beazley
• Allianz
• Zurich Insurance
• Munich Re Group
• Berkshire Hathaway
• AON
• AXIS Insurance
• Lockton
• CNA
• Travelers
• BCS Insurance
• Liberty Mutual

Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
• Stand-alone Cyber Insurance
• Packaged Cyber Insurance

Market Segment by Applications, can be divided into
• Financial Institutions
• Retail and Wholesale
• Healthcare
• Business Services
• Manufacturing
• Technology
• Others

Browse full table of contents and data tables at
https://www.marketresearchnest.com/Global-Cyber-Insurance-Market-2019-by-Company-Regions-Type-and-Application-Forecast-to-2024.html

The content of the study subjects includes a total of 15 chapters:
Chapter 1, to describe Cyber Insurance product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Cyber Insurance, with price, sales, revenue and global market share of Cyber Insurance in 2017 and 2018.
Chapter 3, the Cyber Insurance competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Cyber Insurance breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Cyber Insurance market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Cyber Insurance sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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