Global Cyber Insurance Market 2019 Research Report with Key Players, Opportunities, Competition, Industry Trends, Growth and Forecast 2024

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Dallas, TX -- (SBWIRE) -- 03/14/2019 -- Global Cyber Insurance Market 2019-2024
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.

Scope of the Global Cyber Insurance Market Report
This report studies the Cyber Insurance market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Cyber Insurance market by product type and applications/end industries.

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With cyber-attacks becoming the norm these days, even threatening to expand into a global epidemic, cyber-risk insurers across the globe are seeing organizations and end users scramble for protection from possible data and information security disasters.

North America dominates the cyber insurance market and accounts for around 89% of the overall cyber insurance market in 2016. Mandatory legislation regarding cyber security in several U.S. states has led to higher penetration of cyber liability insurance policies. Europe has very less penetration of cyber insurance liability policies as compared to that of the U.S. The European council has recently passed regulations regarding data protection and security, which are projected to be brought into effect in 2018. These regulations would oblige companies to purchase cyber insurance policies. Though Asia-Pacific accounts for negligible percentage share, it is expected to grow at a significant CAGR during the forecast period owing to a significant increase in ransomware attacks.

Most cyber insurance writers have shifted their writings to standalone policies and away from packaged policies; we found that more than 67% of the $2.19 billion total direct premiums written in 2016 were on a standalone basis. Insurers view standalone policies as more efficient and effective than packaged policies.

The top 3 cyber insurance writers are American International Group (AIG), Chubb and XL Group; these 3 companies had a combined market share of over 30 percent in 2016. The top 15 writers of cyber in this report held approximately 64 percent of the market in 2016.

The global Cyber Insurance market is valued at 2920 million USD in 2018 and is expected to reach 16700 million USD by the end of 2024, growing at a CAGR of 33.8% between 2019 and 2024.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Cyber Insurance.

Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.

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This report covers Analysis of Global Cyber Insurance Market Segment by Manufacturers
AIG
Chubb
XL Group
Beazley
Allianz
Zurich Insurance
Munich Re Group
Berkshire Hathaway
AON
AXIS Insurance
Lockton
CNA
Travelers
BCS Insurance
Liberty Mutual

Global Cyber Insurance Market Segment by regional analysis covers
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Global Cyber Insurance Market Segment by Type
Stand-alone Cyber Insurance
Packaged Cyber Insurance

Global Cyber Insurance Market Segment by Applications, can be divided into
Financial Institutions
Retail and Wholesale
Healthcare
Business Services
Manufacturing
Technology
Others

Some of the Points cover in Global Cyber Insurance Market Research Report is:
Chapter 1: Describe Cyber Insurance Industry
- Introduction,
- Product Scope,
- Market Overview,
- Market Opportunities,
- Market Risk,
- Market Driving Force
Chapter 2: To analyze the top manufacturers of Cyber Insurance Industry in 2017 and 2018
- Sales
- Revenue and price
Chapter 3: Competitive analysis among the top manufacturers in 2014 and 2019
- Sales
- Revenue and market share
Chapter 4: Global Cyber Insurance Market by regions from 2014 to 2019
- Sales
- Revenue and market share
Chapter 5, 6, 7 and 8: Global Cyber Insurance Market by key countries in these regions
- Sales
- Revenue and market share
Chapter 9 and 10: Global Cyber Insurance Market by type and application from 2014 to 2019
- Sales
- Revenue and market share
- Growth rate
Chapter 11:Cyber Insurance Industry Market forecast from 2019 to 2024
- Regions
- Type and application with sales and revenue
Chapter 12 and 13:Cyber Insurance Industry
- Sales channel
- Distributors
- Traders and dealers
- Appendix
- Data source

Some Points From Table of Content
1 Cyber Insurance Market Overview
1.1 Product Overview and Scope of Cyber Insurance
1.2 Classification of Cyber Insurance by Types
1.2.1 Global Cyber Insurance Revenue Comparison by Types (2019-2024)
1.2.2 Global Cyber Insurance Revenue Market Share by Types in 2018
1.2.3 Stand-alone Cyber Insurance
1.2.4 Packaged Cyber Insurance
1.3 Global Cyber Insurance Market by Application
1.3.1 Global Cyber Insurance Market Size and Market Share Comparison by Applications (2014-2024)

2 Manufacturers Profiles
2.1 AIG
2.1.1 Business Overview
2.1.2 Cyber Insurance Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 AIG Cyber Insurance Revenue, Gross Margin and Market Share (2017-2018)
2.2 Chubb
2.2.1 Business Overview
2.2.2 Cyber Insurance Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Chubb Cyber Insurance Revenue, Gross Margin and Market Share (2017-2018)
2.3 XL Group
2.3.1 Business Overview
2.3.2 Cyber Insurance Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 XL Group Cyber Insurance Revenue, Gross Margin and Market Share (2017-2018)

3 Global Cyber Insurance Market Competition, by Players
3.1 Global Cyber Insurance Revenue and Share by Players (2014-2019)
3.2 Market Concentration Rate
3.2.1 Top 5 Cyber Insurance Players Market Share
3.2.2 Top 10 Cyber Insurance Players Market Share
3.3 Market Competition Trend

4 Global Cyber Insurance Market Size by Regions
4.1 Global Cyber Insurance Revenue and Market Share by Regions
4.2 North America Cyber Insurance Revenue and Growth Rate (2014-2019)
4.3 Europe Cyber Insurance Revenue and Growth Rate (2014-2019)
4.4 Asia-Pacific Cyber Insurance Revenue and Growth Rate (2014-2019)
4.5 South America Cyber Insurance Revenue and Growth Rate (2014-2019)
4.6 Middle East and Africa Cyber Insurance Revenue and Growth Rate (2014-2019)

5 North America Cyber Insurance Revenue by Countries
5.1 North America Cyber Insurance Revenue by Countries (2014-2019)
5.2 USA Cyber Insurance Revenue and Growth Rate (2014-2019)
5.3 Canada Cyber Insurance Revenue and Growth Rate (2014-2019)
5.4 Mexico Cyber Insurance Revenue and Growth Rate (2014-2019)...Continued

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