Cyber insurance generally covers your business' liability for a data breach involving sensitive customer information, such as Social Security numbers, credit card numbers, account numbers, driver's license numbers and health records.
Houston, TX -- (SBWIRE) -- 06/12/2018 -- Global Cyber (Liability) Insurance Market Report 2022," offers a clear understanding of the subject matter. The report has been amassed using principal and subordinate research methodologies. cyber insurance market is flourishing owing to increase in demand for cyber insurance policies. The growth is attributed to the rise in cyber-attacks such as coordinated cyber-attack on regional energy distribution companies in Ukraine, system breach of the health insurer Anthem Inc., breach of the White House's unclassified network, and massive customer data breach faced by LinkedIn and twitter. These incidents have adverse effects on businesses, and organizations have incurred huge losses owing to the same. As an outcome, growth in awareness about different cyber risks is witnessed in the boardroom which resulted in higher adoption of cyber liability insurance policies.
Cyber Insurance Market is expected to garner +$13 billion by 2022, registering a CAGR of +27% during the forecast period - 2022
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Global cyber insurance market is segmented based on industry verticals, company size, and geography. Based on industry verticals, the market is segmented into healthcare, retail, financial services (BFSI), information technology and services, others (utilities, energy, manufacturing, construction, and transportation). BFSI and information technology sector were the early adopters of cyber liability insurance policies to protect their data. Although, as per the study, Healthcare vertical generates around one-third of the premium as these companies possess huge third-party data such as personal details of consumers
Some of the leading vendors: Lloyd, Berkshire Hathaway, AXA, Allianz, Japan Post Holdings, Assicurazioni Generali, Prudential Plc, China Life Insurance, Ping An Insurance, Legal & General Group, Munich Re, Cyence, Lemonade, Oscar, PolicyGenius, Safeshare, SimpleSurance, SynerScope, Trov
For this report, the general market for cloud business email is segmented for different classifications to give a 360-degree review of the market. For example, on the basis of types, the market has been bifurcated into Mainframe, UNIX, Linux, Windows, and others. On the basis of application, the market has been split into consumer goods and retail, car, energy and power, IT and telecom, media and entertainment, social insurance, BFSI, and others.
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Moreover, in light of topography, the market is categorized into Asia-Pacific, Europe, North America, Middle East & Africa and Latin America. For these regions, outlines are incorporated, which displays their past and current development trajectories, and anticipated future. The performance of every region and nations constituted in it are adding to the development of the overall market.
The analysis of the industrial cost structure of the Global Cyber (Liability) Insurance Market has been accomplished based on primary aspects such as industry chain structure, industrial process, raw materials, and their suppliers. The manufacturing plants scrutiny and technical data of the Global Cyber (Liability) Insurance Market have been described in the lights of raw material sources, technology sources, research and progression status, engineering plants distribution, and commercial production date and capability.
Table of Content:
Chapter 1 Cyber (Liability) Insurance Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis