Global Cyber Insurance Market Research Report 2021 - Impact of COVID-19 on the 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, 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.
The Cyber Insurance market revenue was xx Million USD in 2016, grew to xx Million USD in 2021, and will reach xx Million USD in 2026, with a CAGR of xx during 2021-2026.

Considering the influence of COVID-19 on the global Cyber Insurance market, this report analyzed the impact from both global and regional perspectives. From production end to consumption end in regions such as North America, Europe, China, and Japan, the report put emphasis on analysis of market under COVID-19 and corresponding response policy in different regions.

This report also analyzes the strategies for different companies to deal with the impact of COVID-19 in detail to seek a path to recovery.

Under COVID-19 Outbreak, how the Cyber Insurance Industry will develop is also analyzed in detail in Chapter 1.8 of this report.

Major Players in Cyber Insurance market are:
XL Group
Allianz
Chubb
CNA Financial Corporation
Simplesurance group
Legal & General
China Life Insurance
Munich Re Group
Liberty Mutual
AIG
Lemonade Renters & Home Insurance
AXIS Insurance
Lockton
Berkshire Hathaway
BCS Insurance
Zurich Insurance
Generali Italia
Travelers
Beazley
AON

Most important types of Cyber Insurance products covered in this report are:
Cyber security
Cyber insurance
Cyber-attacks
Data breaches
Logistics
Digital transformation
Data analytics

Most widely used downstream fields of Cyber Insurance market covered in this report are:
SME's
Mid Size companies
Larger scale companies

Major Region

s or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
Others

In Chapter 3.4, the report provides analysis of the reasons behind price fluctuations.

In chapters 5, 6, and 7, the impact of COVID-19 on the different regions in both production and consumption end and SWOT analysis are pointed out.

In Chapters 8, the report presents company's recent development and strategies to deal with the impact of COVID-19.

Years considered for this report:

Historical Years:

2016-2020

Base Year:

2020

Estimated Year:

2021

Forecast Period:

2021-2026