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Cyber Insurance Market By Insurance Type (Standalone, Tailored) By Coverage (Type, First-party, Liability Coverage)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Summary
Table Of Content

Key Highlights of the Report

The global cyber insurance market is segmented by insurance type, coverage type, enterprise size, end-user, and region. Standalone cyber insurances are the most popular, while first-party coverage is the primary segment. Large Enterprise majorly employed cyber insurance with BFSI as a major user. North America will be the leading regional market growth.

The market for cyber insurance has experienced tremendous growth in recent years due to increased acceptance of cyber insurance products due to the growing implications of cyberattacks on public safety, economic prosperity, and government cyber security. Additional reasons driving the growth of the cyber insurance market include more awareness of business interruption (BI) cyber risks and an increase in the number of laws that are becoming obligatory for data protection in various end-user industries, including banking, healthcare, and others. However, the need for uniform policies and shifting risks are anticipated to restrain market expansion.

Nonetheless, the global cyber insurance market offers significant growth opportunities, since it is a sector mostly untouched in emerging economies, cyber insurance has enormous promise. As a result of an increase in cyberattacks in Asian nations like China and India, many businesses now offer cyber liability insurance.

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Market Overview

The global cyber insurance market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 26.80% between 2023 and 2030. In 2022, the market was estimated to be worth USD 13.5 billion, and by 2030, it is anticipated to be worth USD 71.14 billion.

What Are The Main Drivers Of The Global Cyber Insurance Market?

The global cyber insurance market is driven by several factors due to the rising acceptance of cyber insurance products due to the increased ramifications of cyberattacks on public safety, economic prosperity, and government cyber security.

What Are The Major Challenges Faced By The Global Cyber Insurance Market?

The global cyber insurance market also faces several challenges since leading players across industries may be discouraged from their purchases due to the high cost of cyber insurance and the lack of sufficient protection.

What Are The Growth Opportunities In The Global Cyber Insurance Market?

The global cyber insurance market offers significant growth opportunities due to implementing blockchain and risk analytics technologies.

Executive Summary

Overview of the Global Cyber Insurance Market

A surge in social media use and easier access to personal data online has incited cybercriminals to commit crimes that largely involve selling personal data on the black market, including names, credit card numbers, medical records, and many others. The market’s need for cyber insurance has increased due to these factors. The demand for cyber insurance protection will increase as laws and regulations governing cybersecurity become more stringent.

Market Definition

A cyber security breach or other similar occurrences can be covered by cyber insurance. To reduce risk exposure by compensating the costs associated with recovering from internet-based cyber losses, it offers coverages relating to both first parties and claims made by third parties. Indemnification from litigation resulting from data breaches, loss of privacy, and other losses are frequently included. Cyber insurance solutions have been more popular due to the intensification and regularity of these attacks, which threaten people, businesses, and nations.

Market Insights

With a CAGR of 26.80% from 2023 to 2030, the demand for cyber insurance is projected to increase from a global market value of USD 13.5 billion in 2022 to USD 71.14 billion in 2030.
Standalone is the leading segment by insurance type and held over 70.5% share in terms of value in 2022, while the tailored segment is likely to exhibit the fastest CAGR during the forecast period.
The first-party segment governs the demand for cyber insurance globally, holding a massive share of over 72.3% in 2022, and is expected to grow at a rapid CAGR.
The SMEs segment is expected to post the highest CAGR during the forecast period, while the large enterprise segment is leading the market share with over 59.8% share in 2022.
The BFSI sector is predicted to dominate the market globally, controlling a sizeable share of over 39.8% in 2022.
North America is fueling the growth of the cyber insurance industry with an over one-third share in 2022, while Asia Pacific and Europe collectively account for just under 26.8% share in 2022. Europe held over 24.7% share in 2022.
The increased acceptance of cyber insurance products due to the escalating effects of cyberattacks on public safety, economic prosperity, and government cyber security is one of the main drivers of the worldwide cyber insurance market. However, inconsistent policies and fluctuating risks are projected to limit market growth.
A rise in cyberattacks in Asian nations like China and India has prompted businesses to purchase cyber liability insurance policies, which are the major opportunities in the market.

Segmentation by Insurance Type

Standalone is the leading segment by insurance type and held over 70.5% share in terms of value in 2022.
The tailored segment will likely exhibit the fastest CAGR during the forecast period.
Standalone insurance covers a variety of asset risks, including cash transfer loss, business interruption, and data loss/destruction.

Segmentation by Coverage Type

The first-party segment governs the demand for cyber insurance in the world, holding a massive share of over 72.3% in 2022, and is also expected to grow at a rapid CAGR.
The liability coverage segment contributes to the rest of the demand for cyber insurance.
Cases when victims are personally involved in the occurrence, are covered by first-party insurance. To lessen the impact of data breaches and cyberattacks, it offers financial help to enterprises.

Segmentation by Enterprize Size

The SMEs segment is expected to post the highest CAGR during the forecast period.
With a market share of more than 59.8% in 2022, the large enterprise segment is in the lead.
Due to the vast amount of data being generated, large businesses are likely to dominate the segment. Cybercrime and severe data breach occurrences are on the rise as a result.

Segmentation by End-User

In terms of value, BFSI held over 39.8% of the market in 2022 and is the segment with the largest market share by end-user.
Healthcare is expected to grow at the fastest rate over the forecast period.
Cyber hazards are expected to rise due to consumer preference for digitalization, mobile apps, and Internet banking. The BFSI segment is expected to rise due to the rising demand for cyber insurance.

Segmentation by Region

North America is fueling the growth of the cyber insurance industry with over one-third share in 2022.
Asia Pacific and Europe collectively account for just under 50% share in 2022, with Europe holding over 24.7% share in the same year.
The rest of the World, including Latin America, The Middle East, and Africa, contributes the remainder to the demand for cyber insurance.

One of the major factors driving the global cyber insurance market is the rising acceptability of cyber insurance products due to the growing effects of cyberattacks on public safety, economic prosperity, and government cyber security. However, erratic regulations and shifting hazards are anticipated to restrain industry expansion.

Due to the country’s tight cybersecurity regulations and strong government regulation, the U.S. market has the largest share in the region. Over the years, the area has seen many data breaches. 1,789 data breach instances were noted in the report released in 2022 by the Identity Theft Resource Centre. Businesses from various industries are motivated to pick cyber insurance due to the rising frequency of data breaches, which stimulates market growth. Additionally, the rise results from the existence of leading solution suppliers.

In China, where digital technologies are being adopted quickly, there is a higher danger of data breaches, which can cause large financial losses. Due to the rapid commercial development of these technologies, the region is especially vulnerable to cyberattacks due to its quick rise in connection and pace of digital transformation. The market for cyber insurance is anticipated to grow due to the increased restrictions in China and fines and penalties for noncompliance.

Overall, the increasing demand for cyber insurance can be attributed to the increasing cyberattacks and data breaches and the surge in mandatory cybersecurity regulations and legislation.

While the cyber insurance market is growing, it faces challenges due to soaring cyber insurance costs and uncertainty in the cyber insurance industry.

Increasing Cyberattacks And Data Breaches Among Enterprises

Worldwide, businesses of all kinds are experiencing increased cyberattacks and data breaches. According to Forbes, the percentage of ransomware attacks that affected organizations increased by 29% from the previous year to 66% in 2021. These increasing cyberattacks affected how well the organizations could function, which is anticipated to spur market expansion. Due to the massive amount of stored consumer data, hackers and threat actors frequently target industries such as BFSI, healthcare, education, and retail. Additionally, these industries are in danger of data breaches due to increased digitalization, internet banking, mobile banking, online shopping, digital payments, and electronic medical records.

Cyber insurance provides complete coverage for businesses and lessens the effects of cyberattacks. Thus, the need for varied policies is growing as cybercrime increases.

Surge In Mandatory Cybersecurity Regulations And Legislation

Government regulatory bodies and law enforcement organizations worldwide have taken numerous steps worldwide to tighten data security and protection. With the introduction of COVID-19, policyholders, brokers, insurers, and agents have realized the importance of having cyber insurance coverage. For instance, the California Assembly filed a bill in February 2020 to mandate cyber insurance for all state contractors processing regulated and protected personal information. The expansion of data privacy laws like US’s Health Insurance Portability and Accountability Act and Personally Identifiable Information, the global Payment Card Industry Data Security Standard, and the European Union’s (EU) General Data Protection Regulation (GDPR) are influencing insurance companies to prioritize cyber insurance measures. The frequency of cyberattacks has greatly increased due to rising digitization, particularly during the COVID-19 epidemic. Therefore, it is anticipated that complicated governance needs and regulations in data security will drive the adoption of the cyber insurance industry in the future.

Soaring Cybersecurity Insurance Costs

The greater cost of cyber insurance is one of the key factors inhibiting the market for it from growing. Insurance companies have been obliged to pay significant claims due to the ransomware attacks over the previous two to three years. Even if the cyber insurance companies do not pay the ransom, the cost of restoring the affected system is high. Cyber insurance companies are raising the coverage rates to compensate for the higher costs brought on by the additional services, such as assistance with data recovery after a ransomware attack. Because organizations are more concerned with strengthening cyber security than paying insurance premiums, adopting cyber insurance has been dragged back by rising costs.

Uncertainty Of Cyber Insurance Industry

Insurance companies need help to sell stand-alone cyber insurance products despite the surge in security events. Despite the growth in security and ransomware events, mid-sized businesses need to be more active in adopting stand-alone cyber insurance coverage. According to a survey, risk managers at SMEs and large US companies are most concerned about cyber risks. Only USD 1.94 billion in net written premiums, comprising standalone policies and typical commercial insurance, were written in the US in 2018. 43% of businesses with annual revenues under USD 1 billion lacked a stand-alone cyber insurance coverage. Some factors limiting the growth of the cyber insurance market are high prices, limited coverage limits, complicated coverage terms, and a need for more understanding regarding cyber insurance policies.

Adoption Of Artificial Intelligence AI And Blockchain Technology For Risk Analytics

Among the most recent hot technologies, AI and blockchain are predicted to give risk analytics solutions increased capabilities and offer up new business opportunities. Integrating these technologies with risk analytics software would aid cyber insurance businesses in solving some of their most urgent issues. Modern technology advancements offer quicker transactions and settlements, simplifying the transaction process for financial institutions and their clients while eliminating the need for middleman costs. Risk analytics solutions are crucial to analyze claims, managing reserves, and providing policy coverage.

Risk analytics tools are also becoming increasingly important in the insurance underwriting process to assess risks and make choices more accurately. Several vendors have started incorporating cutting-edge methods, including image processing, statistical modeling, and machine learning (ML), to analyze data and produce insights quickly. Market vendors also supply platforms with rapid visualization capabilities to aid underwriters in making wise selections.

Rising Adoption Of Crypto Insurance Services

The amount of cryptocurrencies owned globally has been rising daily. As bitcoin ownership rises, threats to cryptocurrencies are expanding more swiftly. High-value hacks that cause investors to lose millions and the industry to lose billions frequently target unstable cryptocurrencies. For instance, in March 2022, hackers broke into the blockchain project Ronin and stole Bitcoin worth over USD 540 million. One of the largest documented cryptocurrency thefts was this one.

Companies have been investing in insurance plans to help them combat these crypto-threat risks to combat these threats. As a result, market growth is anticipated to be positively impacted by the expanding number of crypto threats and insurance firms’ investments in crypto insurance during the forecast period.

Competitive Landscape

Key Players

The global cyber insurance market is highly competitive, with the presence of several key players. Some of the major players in the market and their market share are as follows:

Travelers Indemnity Company (U.S.)
AXA XL (U.S.)
Chubb (Switzerland)
American International Group, Inc. (U.S.)
Beazley Group (U.K.)
AXIS Capital Holdings Limited (Bermuda)
CNA Financial Corporation (U.S.)
BCS Financial Corporation (U.S.)
The Hanover Insurance, Inc. (U.S.)
Zurich Insurance (Switzerland)

These companies focus on product innovation, expanding their distribution channels, and mergers and acquisitions to stay ahead in the market.

The major players in the global cyber insurance market are constantly striving to stay ahead by introducing new products and innovations.

In July 2022, SBI General Insurance introduced the Cyber VaultEdge insurance plan, a complete cyber insurance cover for individuals that provides financial protection against cyber risks and assaults. Individuals exposed to cyber danger can purchase this protection for themselves and their families. The family consists of the self, spouse, and two dependent children (up to the age of 18).

In May 2022, Microsoft created Defender to help SMEs secure their systems and decrease cyber risk. Defender for Business provides SMBs with enterprise-grade endpoint security, including endpoint detection and response (EDR), with the ease of use and cost that small business customers and partners expect.

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Summary of Key Findings

The rise in cyberattacks, data breaches, and required cybersecurity rules and legislation all contribute to the rising demand for cyber insurance.
Market segmented by insurance type, coverage type, enterprise size, end-user, and region.
Standalone cyber insurances are the most popular, with first-party as primary coverage segments.
Large enterprises have the most employed insurance, with the BFSI sector being the major user.
North America is leading market growth; the market is highly competitive with key players, including BCS Financial Corporation, American International Group, Inc., AXA XL, and Travelers Indemnity Company.

Future Outlook

Positive outlook for the global cyber insurance market with significant growth potential in the North American region
Increasing adoption of blockchain technology with artificial intelligence (AI) for risk analysis and increasing use of cryptocurrency insurance services to drive growth
Challenges from the rising prices for cyber insurance and an unclear future for the sector
Key players to focus on product innovation, expanding market reach and maintaining competitive pricing to stay ahead in the market.

Segmentation

By Insurance Type
- Standalone
- Tailored
By Coverage Type
- First-party
- Liability Coverage
By Enterprise Size
- SMEs
- Large Enterprise
By End-User
- Healthcare
- Retail
- BFSI
- IT & Telecom
- Manufacturing
- Others (Government, Travel & Tourism)
By Region

North America
- Canada
- Mexico
Europe
- Germany
- France
- K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Data Modelling
1.3.2.1. Company Share Analysis Model
1.3.2.2. Revenue Based Modelling
1.3.3. Phase III – Primary Research
1.3.4. Research Limitations
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Global Cyber Insurance Market
2.2. Global Cyber Insurance Market, By Insurance Type
2.3. Global Cyber Insurance Market, By Coverage Type
2.4. Global Cyber Insurance Market, By Enterprise Size
2.5. Global Cyber Insurance Market, By End-User
2.6. Global Cyber Insurance Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Cyber Insurance Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.2.4. Major Industry Challenges
3.2.4.1. Challenge 1
3.2.4.2. Challenge 2
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Technology
3.5.2. Mode of Sales
3.5.3. Application
3.5.4. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Global Cyber Insurance Market, By Insurance Type
7.1. Global Cyber Insurance Market Overview, by Insurance Type
7.1.1. Global Cyber Insurance Market Revenue Share, By Insurance Type, 2022 Vs 2030 (in %)
7.2. Standalone
7.2.1. Global Cyber Insurance Market, By Region, 2017-2030 (US$ Bn)
7.3. Tailored
7.3.1. Global Cyber Insurance Market, By Region, 2017-2030 (US$ Bn)

8. Global Cyber Insurance Market, By Coverage Type
8.1. Global Cyber Insurance Market Overview, by Coverage Type
8.1.1. Global Cyber Insurance Market, By Coverage Type, 2022 vs 2030 (in %)
8.2. First-party
8.2.1. Global Cyber Insurance Market, By Region, 2017-2030 (US$ Bn)
8.3. Liability Coverage
8.3.1. Global Cyber Insurance Market, By Region, 2017-2030 (US$ Bn)

9. Global Cyber Insurance Market, by Enterprise Size, 2017-2030 (US$ Bn)
9.1. Global Cyber Insurance Market Overview, by Enterprise Size
9.1.1. Global Cyber Insurance Market, By Enterprise Size, 2022 vs 2030 (in%)
9.2. SMEs
9.2.1. Global Cyber Insurance Market, By Region, 2017-2030 (US$ Bn)
9.3. Large Enterprise
9.3.1. Global Cyber Insurance Market, By Region, 2017-2030 (US$ Bn)

10. Global Cyber Insurance Market, by Enterprise Size, 2017-2030 (US$ Bn)
10.1. Global Cyber Insurance Market Overview, by Enterprise Size
10.1.1. Global Cyber Insurance Market, By Enterprise Size, 2022 vs 2030 (in%)
10.2. Healthcare
10.2.1. Global Cyber Insurance Market, By Region, 2017-2030 (US$ Bn)
10.3. Retail
10.3.1. Global Cyber Insurance Market, By Region, 2017-2030 (US$ Bn)
10.4. BFSI
10.4.1. Global Cyber Insurance Market, By Region, 2017-2030 (US$ Bn)
10.5. IT & Telecom
10.5.1. Global Cyber Insurance Market, By Region, 2017-2030 (US$ Bn)
10.6. Manufacturing
10.6.1. Global Cyber Insurance Market, By Region, 2017-2030 (US$ Bn)
10.6.2.
10.7. Others (Government, Travel & Tourism)
10.7.1. Global Cyber Insurance Market, By Region, 2017-2030 (US$ Bn)

11. Global Cyber Insurance Market, By Region
11.1. Global Cyber Insurance Market Overview, by Region
11.1.1. Global Cyber Insurance Market, By Region, 2022 vs 2030 (in%)
11.2. Insurance Type
11.2.1. Global Cyber Insurance Market, By Insurance Type, 2017-2030 (US$ Bn)
11.3. Coverage Type
11.3.1. Global Cyber Insurance Market, By Coverage Type, 2017-2030 (US$ Bn)
11.4. Enterprise Size
11.4.1. Global Cyber Insurance Market, By Enterprise Size, 2017-2030 (US$ Bn)
11.5. End-User
11.5.1. Global Cyber Insurance Market, By Enterprise Size, 2017-2030 (US$ Bn)
North America Cyber Insurance Market Analysis
11.6. North America Cyber Insurance Market, by Insurance Type, 2017-2030(US$ Bn)
11.6.1. Overview
11.6.2. SRC Analysis
11.7. North America Cyber Insurance Market, by Coverage Type, 2017-2030(US$ Bn)
11.7.1. Overview
11.7.2. SRC Analysis
11.8. North America Cyber Insurance Market, by Enterprise Size, 2017-2030(US$ Bn)
11.8.1. Overview
11.8.2. SRC Analysis
11.9. North America Cyber Insurance Market, by End-User, 2017-2030(US$ Bn)
11.9.1. Overview
11.9.2. SRC Analysis
11.10. North America Cyber Insurance Market, by Country, 2017-2030 (US$ Bn)
11.10.1. North America Cyber Insurance Market, by Country, 2022 Vs 2030 (in%)
11.10.2. U.S.
11.10.2.1. U.S. Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.10.2.2. U.S. Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
11.10.2.3. U.S. Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
11.10.2.4. U.S. Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
11.10.2.5. U.S. Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
11.10.3. Canada
11.10.3.1. Canada Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.10.3.2. Canada Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
11.10.3.3. Canada Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
11.10.3.4. Canada Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
11.10.3.5. Canada Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
11.10.4. Mexico
11.10.4.1. Mexico Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.10.4.2. Mexico Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
11.10.4.3. Mexico Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
11.10.4.4. Mexico Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
11.10.4.5. Mexico Cyber Insurance, By End-User, 2017-2030 (US$ Bn)

12. Europe Cyber Insurance Market Analysis
12.1. Europe Cyber Insurance Market, by Insurance Type, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Europe Cyber Insurance Market, by Coverage Type, 2017-2030(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Europe Cyber Insurance Market, by Enterprise Size, 2017-2030(US$ Bn)
12.3.1. Overview
12.3.2. SRC Analysis
12.4. Europe Cyber Insurance Market, by End-User, 2017-2030(US$ Bn)
12.4.1. Overview
12.4.2. SRC Analysis
12.5. Europe Cyber Insurance Market, by Country, 2017-2030 (US$ Bn)
12.5.1. Europe Cyber Insurance Market, by Country, 2022 Vs 2030 (in%)
12.5.2. Germany
12.5.2.1. Germany Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.2.2. Germany Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
12.5.2.3. Germany Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
12.5.2.4. Germany Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
12.5.2.5. Germany Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
12.5.3. France
12.5.3.1. France Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.3.2. France Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
12.5.3.3. France Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
12.5.3.4. France Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
12.5.3.5. France Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
12.5.4. UK
12.5.4.1. UK Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.4.2. UK Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
12.5.4.3. UK Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
12.5.4.4. UK Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
12.5.4.5. UK Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
12.5.5. Italy
12.5.5.1. Italy Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.5.2. Italy Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
12.5.5.3. Italy Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
12.5.5.4. Italy Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
12.5.5.5. Italy Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
12.5.6. Spain
12.5.6.1. Spain Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.6.2. Spain Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
12.5.6.3. Spain Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
12.5.6.4. Spain Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
12.5.6.5. Spain Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
12.5.7. Rest of Europe
12.5.7.1. Rest of Europe Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.5.7.2. Rest of Europe Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
12.5.7.3. Rest of Europe Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
12.5.7.4. Rest of Europe Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
12.5.7.5. Rest of Europe Cyber Insurance, By End-User, 2017-2030 (US$ Bn)

13. Asia Pacific Cyber Insurance Market Analysis
13.1. Asia Pacific Cyber Insurance Market, by Insurance Type, 2017-2030(US$ Bn)
13.1.1. Overview
13.1.2. SRC Analysis
13.2. Asia Pacific Cyber Insurance Market, by Coverage Type, 2017-2030(US$ Bn)
13.2.1. Overview
13.2.2. SRC Analysis
13.3. Asia Pacific Cyber Insurance Market, by Enterprise Size, 2017-2030(US$ Bn)
13.3.1. Overview
13.3.2. SRC Analysis
13.4. Asia Pacific Cyber Insurance Market, by End-User, 2017-2030(US$ Bn)
13.4.1. Overview
13.4.2. SRC Analysis
13.5. Asia Pacific Cyber Insurance Market, by Country, 2017-2030 (US$ Bn)
13.5.1. Asia Pacific Cyber Insurance Market, by Country, 2022 Vs 2030 (in%)
13.5.2. China
13.5.2.1. China Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.5.2.2. China Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
13.5.2.3. China Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
13.5.2.4. China Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
13.5.2.5. China Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
13.5.3. Japan
13.5.3.1. Japan Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.5.3.2. Japan Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
13.5.3.3. Japan Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
13.5.3.4. Japan Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
13.5.3.5. Japan Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
13.5.4. India
13.5.4.1. India Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.5.4.2. India Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
13.5.4.3. India Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
13.5.4.4. India Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
13.5.4.5. India Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
13.5.5. South Korea
13.5.5.1. South Korea Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.5.5.2. South Korea Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
13.5.5.3. South Korea Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
13.5.5.4. South Korea Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
13.5.5.5. South Korea Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
13.5.6. South-East Asia
13.5.6.1. South-East Asia Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.5.6.2. South-East Asia Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
13.5.6.3. South-East Asia Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
13.5.6.4. South-East Asia Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
13.5.6.5. South-East Asia Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
13.5.7. Rest of Asia Pacific
13.5.7.1. Rest of Asia Pacific Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
13.5.7.2. Rest of Asia Pacific Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
13.5.7.3. Rest of Asia Pacific Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
13.5.7.4. Rest of Asia Pacific Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
13.5.7.5. Rest of Asia Pacific Cyber Insurance, By End-User, 2017-2030 (US$ Bn)

14. Latin America Cyber Insurance Market Analysis
14.1. Latin America Cyber Insurance Market, by Insurance Type, 2017-2030(US$ Bn)
14.1.1. Overview
14.1.2. SRC Analysis
14.2. Latin America Cyber Insurance Market, by Coverage Type, 2017-2030(US$ Bn)
14.2.1. Overview
14.2.2. SRC Analysis
14.3. Latin America Cyber Insurance Market, by Enterprise Size, 2017-2030(US$ Bn)
14.3.1. Overview
14.3.2. SRC Analysis
14.4. Latin America Cyber Insurance Market, by End-User, 2017-2030(US$ Bn)
14.4.1. Overview
14.4.2. SRC Analysis
14.5. Latin America Cyber Insurance Market, by Country, 2017-2030 (US$ Bn)
14.5.1. Latin America Cyber Insurance Market, by Country, 2022 Vs 2030 (in%)
14.5.2. Brazil
14.5.2.1. Brazil Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.5.2.2. Brazil Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
14.5.2.3. Brazil Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
14.5.2.4. Brazil Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
14.5.2.5. Brazil Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
14.5.3. Argentina
14.5.3.1. Argentina Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.5.3.2. Argentina Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
14.5.3.3. Argentina Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
14.5.3.4. Argentina Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
14.5.3.5. Argentina Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
14.5.4. Rest of Latin America
14.5.4.1. Rest of Latin America Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
14.5.4.2. Rest of Latin America Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
14.5.4.3. Rest of Latin America Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
14.5.4.4. Rest of Latin America Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
14.5.4.5. Rest of Latin America Cyber Insurance, By End-User, 2017-2030 (US$ Bn)

15. Middle East and Africa Cyber Insurance Market Analysis
15.1. Middle East and Africa Cyber Insurance Market, by Insurance Type, 2017-2030(US$ Bn)
15.1.1. Overview
15.1.2. SRC Analysis
15.2. Middle East and Africa Cyber Insurance Market, by Coverage Type, 2017-2030(US$ Bn)
15.2.1. Overview
15.2.2. SRC Analysis
15.3. Middle East and Africa Cyber Insurance Market, by Enterprise Size, 2017-2030(US$ Bn)
15.3.1. Overview
15.3.2. SRC Analysis
15.4. Middle East and Africa Cyber Insurance Market, by End-User, 2017-2030(US$ Bn)
15.4.1. Overview
15.4.2. SRC Analysis
15.5. Middle East and Africa Cyber Insurance Market, by Country, 2017-2030 (US$ Bn)
15.5.1. Middle East and Africa Cyber Insurance Market, by Country, 2022 Vs 2030 (in%)
15.5.2. GCC Countries
15.5.2.1. GCC Countries Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
15.5.2.2. GCC Countries Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
15.5.2.3. GCC Countries Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
15.5.2.4. GCC Countries Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
15.5.2.5. GCC Countries Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
15.5.3. South Africa
15.5.3.1. South Africa Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
15.5.3.2. South Africa Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
15.5.3.3. South Africa Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
15.5.3.4. South Africa Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
15.5.3.5. South Africa Cyber Insurance, By End-User, 2017-2030 (US$ Bn)
15.5.4. Rest of Middle East and Africa
15.5.4.1. Rest of Middle East and Africa Cyber Insurance Market Estimates and Forecast, 2017-2030 (US$ Bn)
15.5.4.2. Rest of Middle East and Africa Cyber Insurance, By Insurance Type, 2017-2030 (US$ Bn)
15.5.4.3. Rest of Middle East and Africa Cyber Insurance, By Coverage Type, 2017-2030 (US$ Bn)
15.5.4.4. Rest of Middle East and Africa Cyber Insurance, By Enterprise Size, 2017-2030 (US$ Bn)
15.5.4.5. Rest of Middle East and Africa Cyber Insurance, By End-User, 2017-2030 (US$ Bn)

16. Company Profiles
16.1. Travelers Indemnity Company
16.1.1. Company Overview
16.1.2. Products/Services Portfolio
16.1.3. Geographical Presence
16.1.4. Financial Summary
16.1.4.1. Market Revenue and Net Profit (2019-2022)
16.1.4.2. Business Segment Revenue Analysis
16.1.4.3. Geographical Revenue Analysis
16.2. AXA XL (U.S.)
16.3. Chubb (Switzerland)
16.4. American International Group, Inc. (U.S.)
16.5. Beazley Group (U.K.)
16.6. AXIS Capital Holdings Limited (Bermuda)
16.7. CNA Financial Corporation (U.S.)
16.8. BCS Financial Corporation (U.S.)
16.9. The Hanover Insurance, Inc. (U.S.)
16.10. Zurich Insurance (Switzerland)

List of Figures
FIG. 1 Global Cyber Insurance Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Cyber Insurance Market Segmentation
FIG. 4 Global Cyber Insurance Market, by Insurance Type, 2022 (US$ Bn)
FIG. 5 Global Cyber Insurance Market, by Coverage Type, 2022 (US$ Bn)
FIG. 6 Global Cyber Insurance Market, by Enterprise Size, 2022 (US$ Bn)
FIG. 7 Global Cyber Insurance Market, by End-User, 2022 (US$ Bn)
FIG. 8 Global Cyber Insurance Market, by Geography, 2022 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Insurance Type, 2022
FIG. 10 Attractive Investment Proposition, by Coverage Type, 2022
FIG. 11 Attractive Investment Proposition, by Enterprise Size, 2022
FIG. 12 Attractive Investment Proposition, by End-User, 2022
FIG. 13 Attractive Investment Proposition, by Geography, 2022
FIG. 14 Global Market Share Analysis of Key Cyber Insurance Market Manufacturers, 2022
FIG. 15 Global Market Positioning of Key Cyber Insurance Market Manufacturers, 2022
FIG. 16 Global Cyber Insurance Market Value Contribution, By Insurance Type, 2022 & 2030 (Value %)
FIG. 17 Global Cyber Insurance Market, by Standalone, Value, 2017-2030 (US$ Bn)
FIG. 18 Global Cyber Insurance Market, by Tailored, Value, 2017-2030 (US$ Bn)
FIG. 19 Global Cyber Insurance Market Value Contribution, By Coverage Type, 2022 & 2030 (Value %)
FIG. 20 Global Cyber Insurance Market, by First-Party, Value, 2017-2030 (US$ Bn)
FIG. 21 Global Cyber Insurance Market, by Liability Coverage, 2017-2030 (US$ Bn)
FIG. 22 Global Cyber Insurance Market Value Contribution, By Enterprise Size, 2022 & 2030 (Value %)
FIG. 23 Global Cyber Insurance Market, by SMEs, Value, 2017-2030 (US$ Bn)
FIG. 24 Global Cyber Insurance Market, by Large Enterprise, 2017-2030 (US$ Bn)
FIG. 25 Global Cyber Insurance Market Value Contribution, By End-User, 2022 & 2030 (Value %)
FIG. 26 Global Cyber Insurance Market, by Healthcare, Value, 2017-2030 (US$ Bn)
FIG. 27 Global Cyber Insurance Market, by Retail, Value, 2017-2030 (US$ Bn)
FIG. 28 Global Cyber Insurance Market, by BFSI, Value, 2017-2030 (US$ Bn)
FIG. 29 Global Cyber Insurance Market, by IT & Telecom, Value, 2017-2030 (US$ Bn)
FIG. 30 Global Cyber Insurance Market, by Manufacturing, Value, 2017-2030 (US$ Bn)
FIG. 31 Global Cyber Insurance Market, by Others (Government, Travel & Tourism), 2017-2030 (US$ Bn)
FIG. 32 North America Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 33 U.S. Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 34 Canada Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 35 Europe Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 36 Germany Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 37 France Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 38 U.K. Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 39 Italy Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 40 Spain Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 41 Rest of Europe Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 42 Asia Pacific Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 43 China Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 44 Japan Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 45 India Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 46 South Korea Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 47 South-East Asia Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 48 Rest of Asia Pacific Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 49 Latin America Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 50 Brazil Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 51 Mexico Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 52 Rest of Latin America Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 53 Middle East & Africa Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 54 GCC Countries Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 55 South Africa Cyber Insurance Market, 2017-2030 (US$ Bn)
FIG. 56 Rest of Middle East and Africa Cyber Insurance Market, 2017-2030 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Global Cyber Insurance Market
TABLE 2 Global Cyber Insurance Market: Market Drivers Impact Analysis
TABLE 3 Global Cyber Insurance Market: Market Restraints Impact Analysis
TABLE 4 Global Cyber Insurance Market, by Competitive Benchmarking, 2022
TABLE 5 Global Cyber Insurance Market, by Geographical Presence Analysis, 2022
TABLE 6 Global Cyber Insurance Market, by Key Strategies Analysis, 2022
TABLE 7 Global Cyber Insurance Market, by Standalone, By Region, 2017-2022 (US$ Bn)
TABLE 8 Global Cyber Insurance Market, by Standalone, By Region, 2023-2030 (US$ Bn)
TABLE 9 Global Cyber Insurance Market, by Tailored, By Region, 2017-2022 (US$ Bn)
TABLE 10 Global Cyber Insurance Market, by Tailored, By Region, 2023-2030 (US$ Bn)
TABLE 11 Global Cyber Insurance Market, by First-party, By Region, 2017-2022 (US$ Bn)
TABLE 12 Global Cyber Insurance Market, by First-party, By Region, 2023-2030 (US$ Bn)
TABLE 13 Global Cyber Insurance Market, by Liability Coverage, By Region, 2017-2022 (US$ Bn)
TABLE 14 Global Cyber Insurance Market, by Liability Coverage, By Region, 2023-2030 (US$ Bn)
TABLE 15 Global Cyber Insurance Market, by SMEs, By Region, 2017-2022 (US$ Bn)
TABLE 16 Global Cyber Insurance Market, by SMEs, By Region, 2023-2030 (US$ Bn)
TABLE 17 Global Cyber Insurance Market, by Large Enterprise, By Region, 2017-2022 (US$ Bn)
TABLE 18 Global Cyber Insurance Market, by Large Enterprise, By Region, 2023-2030 (US$ Bn)
TABLE 19 Global Cyber Insurance Market, by Healthcare, By Region, 2017-2022 (US$ Bn)
TABLE 20 Global Cyber Insurance Market, by Healthcare, By Region, 2023-2030 (US$ Bn)
TABLE 21 Global Cyber Insurance Market, by Retail, By Region, 2017-2022 (US$ Bn)
TABLE 22 Global Cyber Insurance Market, by Retail, By Region, 2023-2030 (US$ Bn)
TABLE 23 Global Cyber Insurance Market, by BFSI, By Region, 2017-2022 (US$ Bn)
TABLE 24 Global Cyber Insurance Market, by BFSI, By Region, 2023-2030 (US$ Bn)
TABLE 25 Global Cyber Insurance Market, by IT & Telecom, By Region, 2017-2022 (US$ Bn)
TABLE 26 Global Cyber Insurance Market, by IT & Telecom, By Region, 2023-2030 (US$ Bn)
TABLE 27 Global Cyber Insurance Market, by Manufacturing, By Region, 2017-2022 (US$ Bn)
TABLE 28 Global Cyber Insurance Market, by Manufacturing, By Region, 2023-2030 (US$ Bn)
TABLE 29 Global Cyber Insurance Market, by Others (Government, Travel & Tourism), By Region, 2017-2022 (US$ Bn)
TABLE 30 Global Cyber Insurance Market, by Others (Government, Travel & Tourism), By Region, 2023-2030 (US$ Bn)
TABLE 31 Global Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 32 Global Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 33 Global Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 34 Global Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 35 Global Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 36 Global Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 37 Global Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 38 Global Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 39 Global Cyber Insurance Market, by Region, 2017-2022 (US$ Bn)
TABLE 40 Global Cyber Insurance Market, by Region, 2023-2030 (US$ Bn)
TABLE 41 North America Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 42 North America Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 43 North America Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 44 North America Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 45 North America Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 46 North America Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 47 North America Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 48 North America Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 49 North America Cyber Insurance Market, by Country, 2017-2022 (US$ Bn)
TABLE 50 North America Cyber Insurance Market, by Country, 2023-2030 (US$ Bn)
TABLE 51 United States Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 52 United States Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 53 United States Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 54 United States Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 55 United States Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 56 United States Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 57 United States Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 58 United States Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 59 Canada Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 60 Canada Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 61 Canada Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 62 Canada Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 63 Canada Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 64 Canada Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 65 Canada Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 66 Canada Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 67 Mexico Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 68 Mexico Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 69 Mexico Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 70 Mexico Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 71 Mexico Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 72 Mexico Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 73 Mexico Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 74 Mexico Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 75 Europe Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 76 Europe Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 77 Europe Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 78 Europe Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 79 Europe Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 80 Europe Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 81 Europe Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 82 Europe Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 83 Europe Cyber Insurance Market, by Country, 2017-2022 (US$ Bn)
TABLE 84 Europe Cyber Insurance Market, by Country, 2023-2030 (US$ Bn)
TABLE 85 Germany Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 86 Germany Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 87 Germany Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 88 Germany Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 89 Germany Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 90 Germany Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 91 Germany Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 92 Germany Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 93 France Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 94 France Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 95 France Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 96 France Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 97 France Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 98 France Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 99 France Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 100 France Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 101 United Kingdom Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 102 United Kingdom Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 103 United Kingdom Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 104 United Kingdom Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 105 United Kingdom Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 106 United Kingdom Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 107 United Kingdom Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 108 United Kingdom Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 109 Italy Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 110 Italy Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 111 Italy Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 112 Italy Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 113 Italy Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 114 Italy Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 115 Italy Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 116 Italy Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 117 Spain Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 118 Spain Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 119 Spain Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 120 Spain Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 121 Spain Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 122 Spain Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 123 Spain Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 124 Spain Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 125 Rest of Europe Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 126 Rest of Europe Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 127 Rest of Europe Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 128 Rest of Europe Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 129 Rest of Europe Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 130 Rest of Europe Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 131 Rest of Europe Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 132 Rest of Europe Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 133 Asia Pacific Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 134 Asia Pacific Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 135 Asia Pacific Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 136 Asia Pacific Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 137 Asia Pacific Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 138 Asia Pacific Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 139 Asia Pacific Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 140 Asia Pacific Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 141 China Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 142 China Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 143 China Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 144 China Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 145 China Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 146 China Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 147 China Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 148 China Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 149 Japan Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 150 Japan Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 151 Japan Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 152 Japan Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 153 Japan Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 154 Japan Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 155 Japan Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 156 Japan Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 157 India Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 158 India Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 159 India Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 160 India Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 161 India Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 162 India Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 163 India Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 164 India Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 165 South Korea Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 166 South Korea Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 167 South Korea Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 168 South Korea Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 169 South Korea Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 170 South Korea Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 171 South Korea Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 172 South Korea Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 173 South-East Asia Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 174 South-East Asia Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 175 South-East Asia Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 176 South-East Asia Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 177 South-East Asia Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 178 South-East Asia Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 179 South-East Asia Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 180 South-East Asia Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 181 Rest of Asia Pacific Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 182 Rest of Asia Pacific Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 183 Rest of Asia Pacific Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 184 Rest of Asia Pacific Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 185 Rest of Asia Pacific Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 186 Rest of Asia Pacific Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 187 Rest of Asia Pacific Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 188 Rest of Asia Pacific Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 189 Latin America Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 190 Latin America Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 191 Latin America Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 192 Latin America Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 193 Latin America Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 194 Latin America Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 195 Latin America Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 196 Latin America Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 197 Brazil Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 198 Brazil Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 199 Brazil Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 200 Brazil Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 201 Brazil Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 202 Brazil Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 203 Brazil Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 204 Brazil Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 205 Argentina Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 206 Argentina Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 207 Argentina Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 208 Argentina Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 209 Argentina Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 210 Argentina Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 211 Argentina Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 212 Argentina Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 213 Rest of Latin America Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 214 Rest of Latin America Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 215 Rest of Latin America Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 216 Rest of Latin America Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 217 Rest of Latin America Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 218 Rest of Latin America Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 219 Rest of Latin America Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 220 Rest of Latin America Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 221 Middle East and Africa Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 222 Middle East and Africa Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 223 Middle East and Africa Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 224 Middle East and Africa Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 225 Middle East and Africa Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 226 Middle East and Africa Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 227 Middle East and Africa Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 228 Middle East and Africa Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 229 GCC Countries Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 230 GCC Countries Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 231 GCC Countries Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 232 GCC Countries Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 233 GCC Countries Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 234 GCC Countries Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 235 GCC Countries Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 236 GCC Countries Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 237 South Africa Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 238 South Africa Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 239 South Africa Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 240 South Africa Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 241 South Africa Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 242 South Africa Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 243 South Africa Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 244 South Africa Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)
TABLE 245 Rest of Middle East and Africa Cyber Insurance Market, by Insurance Type, 2017-2022 (US$ Bn)
TABLE 246 Rest of Middle East and Africa Cyber Insurance Market, by Insurance Type, 2023-2030 (US$ Bn)
TABLE 247 Rest of Middle East and Africa Cyber Insurance Market, by Coverage Type, 2017-2022 (US$ Bn)
TABLE 248 Rest of Middle East and Africa Cyber Insurance Market, by Coverage Type, 2023-2030 (US$ Bn)
TABLE 249 Rest of Middle East and Africa Cyber Insurance Market, by Enterprise Size, 2017-2022 (US$ Bn)
TABLE 250 Rest of Middle East and Africa Cyber Insurance Market, by Enterprise Size, 2023-2030 (US$ Bn)
TABLE 251 Rest of Middle East and Africa Cyber Insurance Market, by End-User, 2017-2022 (US$ Bn)
TABLE 252 Rest of Middle East and Africa Cyber Insurance Market, by End-User, 2023-2030 (US$ Bn)

Frequently Asked Questions:

What is the current size of the global cyber insurance market?

The global cyber insurance market was valued at USD 13.5 Billion in 2022.

What is the expected cyber insurance market growth rate between 2023 and 2030?

The cyber insurance market is expected to grow at a CAGR of 26.80% between 2023 and 2030, reaching USD 71.14 Billion in 2030.

Which segment is leading the market share in terms of insurance type?

Standalone is the leading segment by insurance type, holding over 70.5% share in terms of value in 2022.

Which coverage type segment governs the demand for cyber insurance in the world?

The first-party segment governs the demand for cyber insurance in the world, holding a massive share of over 72.3% in 2022.

Which segment is expected to post the highest CAGR during the forecast period?

During the forecast period, the large enterprise segment is anticipated to record the greatest CAGR.

Which industry is predicted to have the highest CAGR over the projected period?

The BFSI sector is anticipated to have the greatest CAGR during the projected period.

Which region is fueling the growth of the cyber insurance industry?

North America is fueling the growth of the cyber insurance industry, with an over one-third share in 2022.

Who are the major players in the global cyber insurance market?

The top players include Zurich Insurance, AXIS Capital Holdings Limited, American International Group, and AXA XL. Other major players include CNA Financial Corporation, Beazley Group, Chubb, and Travelers Indemnity Company.

What are the major market drivers of the cyber insurance industry?

The rise in data breaches, cyberattacks, and the demand for required cybersecurity laws and regulations are the major market drivers.

What are the major market restraints of the cyber insurance industry?

The rising cost of cyber insurance and the unpredictability of the market are the major market restraints.

What are the major market opportunities of the cyber insurance industry?

Blockchain technology and artificial intelligence (AI) adoption for risk analytics and growth in crypto insurance services are the major opportunities in the cyber insurance industry.

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