Global Cyber Insurance Market Size, Status and Forecast 2022

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.
Global Cyber Insurance key players include AIG, Chubb, XL Group, Beazley, Allianz, etc. Global top five manufacturers hold a share about 35%. North America is the largest market, with a share about 90%, followed by Europe and Japan, total with a share about 8 percent. In terms of product, Stand-alone Cyber Insurance is the largest segment, with a share about 70%. And in terms of application, the largest application is Financial Institutions, followed by Retail and Wholesale, Healthcare, Business Services, Manufacturing, and Technology, etc.

Market Analysis and Insights: Global Cyber Insurance Market
The global Cyber Insurance market size is projected to reach US$ 53500 million by 2027, from US$ 6877 million in 2020, at a CAGR of 33.8% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Cyber Insurance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Cyber Insurance market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Cyber Insurance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Cyber Insurance market.

Global Cyber Insurance Scope and Market Size
Cyber Insurance market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Cyber Insurance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Stand-alone Cyber Insurance
Packaged Cyber Insurance

Segment by Application
Financial Institutions
Retail and Wholesale
Healthcare
Business Services
Manufacturing
Technology
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
AIG
Chubb
XL
Beazley
Allianz
Zurich Insurance
Munich Re
Berkshire Hathaway
AON
AXIS Insurance
Lockton
CNA
Travelers
BCS Insurance
Liberty Mutual