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Cyber Insurance Market Growth Set to Surge Significantly Forecast to 2022 | Chubb Corporation, Munich Re Group, AON PLC, American International Group, Inc., Allianz Global Corporate & Specialty, Zurich Insurance

06-17-2019 01:49 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: ReportsWeb

Cyber Insurance Market

Cyber Insurance Market

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.

Cyber insurance market is set to grow as an outcome of an increase in data breach incidences in past 2-3 years. These attacks escalate in intensity and frequency, and pose a threat to individuals, organizations, and countries. Cyber-attacks have adverse impact on businesses such as declining customer base, disruption of business, regulatory fines, legal penalties & attorney fees, loss of intellectual property, and reputational damage. Cyber insurance industry provides insurance products to mitigate risks and associated cost incurred due to cyber-attacks. BFSI, healthcare, and retail sector are the most targeted sectors, witnessing increase in incidences of information and identity theft, scams, and frauds. However, in the recent years, other industries such as manufacturing, construction, sports & gaming, entertainment, and education have also come under threat from cyber-attacks.

Top Manufacturer Detail of the Report-

Chubb Corporation, Munich Re Group, AON PLC, American International Group, Inc., Allianz Global Corporate & Specialty, Zurich Insurance Co. Ltd., XL Group Ltd, Beazley PLC, Berkshire Hathaway, Inc., and Lockton Companies

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Cyber Insurance Market is expected to expand at a good growth rate during the forecast period. Demand for meal kit delivery services is driven by rising urban population, increase in number of working women, and rising number of people in the middle class bracket in developing countries such as China and India. Furthermore, due to improved lifestyle in emerging countries, disposable income of individuals has increased and people tend to buy meal kit subscriptions.

These factors have forced the companies to provide better quality meal kit delivery services on a weekly or monthly basis. Ease of use of service, convenient and faster mode of cooking, less time consuming, consideration of meal preferences (veg, seafood, chicken) are the factors which are also expected to contribute to the growth of the meal kit delivery services market.

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Besides, the report also covers segment data, including: type segment, industry segment etc. cover different segment market size. Also cover different industries clients' information, which is very important for the Major Players.

Table of Contents

Global Cyber Insurance Market 2023, by Manufacturers, Regions, Types and Applications

1 Study Coverage

2 Executive Summary

3 Market Size by Manufacturers

4 Production by Regions

5 Consumption by Regions

6 Market Size by Type

7 Market Size by Application

8 Manufacturers Profiles

10 Consumption Forecast

11 Upstream, Industry Chain and Downstream Customers Analysis

12 Opportunities & Challenges, Threat and Affecting Factors

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