Cybersecurity Insurance Market

Cybersecurity Insurance Market Size, Share & Trends Analysis Report by Component (Solution, Service), by Insurance Coverage (Data breach, Cybersecurity liability), by Insurance Type (Packaged, Stand-alone), by Organization size (Large Enterprises, SMEs), by End user (Technology provider, Insurance provider), by Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)

Frequently Asked Questions

  • What is the global demand for Cybersecurity Insurance in terms of revenue?

    The global Cybersecurity Insurance valued at USD 8.32 Billion in 2020 and is expected to reach USD 26.24 Billion in 2028 growing at a CAGR of 21.1%

  • Which are the prominent players in the market?

    The prominent players in the market are Technology Vendors - BitSight (US), Prevalent (US), RedSeal (US), SecurityScorecard (US), Cyber Indemnity Solutions (Australia), Cisco (US), UpGuard (US), Microsoft (US), Check Point (US), AttackIQ (US), SentinelOne (US), Broadcom (US), Accenture (Ireland), Kenna Security (US), Cylance (US), FireEye (US), CyberArk (US), CYE (Israel), SecurIT360 (US), and Founder Shield (US). Insurance Vendors - Allianz (Germany), AIG (US), Aon (UK), Arthur J. Gallagher & Co (US), Travelers Insurance (US), AXA XL (US), AXIS Capital (Bermuda), Beazley (UK), Chubb (Switzerland), CNA Financial (US), Fairfax Financial (Canada), Liberty Mutual (US), Lloyd’s of London (UK), Lockton (US), Munich Re Group (Germany), and Sompo International (Bermuda). Start-up Vendors - At-Bay (US), Cybernance (US), CyberCube (US), Coalition (US), Arceo.ai (US), Kovrr (Israel), Sayata Labs (Israel), Zeguro (US), RiskSense (US), Cyence (US), SafeBreach (US), and Cronus Cyber Technologies (Israel)..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 21.1% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Cybersecurity Insurance include

    • Surge in mandatory cybersecurity regulations and legislations to boost demand for insurance protection

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Cybersecurity Insurance in 2020.

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