insurance market is projected to grow from USD 10.3 billion in 2023 to USD 17.6 billion by 2028, at a CAGR of 11.4% during the forecast period. The rise in cyber threats, such as data breaches, ransomware, and phishing attacks, has driven the demand for cybersecurity insurance as ...
After several years of rising premiums and capacity constriction, the 2023 Cyber insurance market surprised many, as softening conditions rippled through the marketplace in an impactful way. As we move into 2024, we see a market that has matured to a level where both applicants and providers of...
While cyber insurance has been around for almost 20 years, it’s the first time the product has faced a hard market. The dramatic increase in costly, crippling attacks like SolarWinds and Colonial Pipelines has accelerated the demand for cyber insurance policies. In response, carriers continue to...
Those worried will propel the global cyber insurance market from $14 billion in 2023 - already double the 2018 market - to reach around $29 billion by 2027, Munich Re predicts. The company in February reported writing $2 billion in gross cyber premiums and said its cyber insurance business ...
The increasing adoption of enterprise security solutions in manufacturing, Banking, Financial Services, and Insurance (BFSI), and healthcare is expected to drive market growth during the forecast period. In the scope of the research report, we have included component solutions and services offered by...
“In conclusion, in 2030, the Cyber Insurance market will have surpassed the 50 billion-dollar mark, achieving a total sales figure of USD 50.4 billion.” Note for Editors If you are interested in a more detailed overview of this report, please send an email to sara.peerun@visiongain.com ...
The report comprises of the many parts of the industry that make up the Cyber (Liability) Insurance market. There is a focus on describing the product/service to include all such sub-products that emerge as a result of the manufacturing processes employed. The number of products appearing based...
North America will dominate the Cyber Insurance Market during the forecast period. The mandatory legislation regarding the cybersecurity in many US states has led to the emergence of cyber coverage. The cyber insurance industry in the US has become mature. Asia Pacific is expected to show significa...
The report titled "Global Cyber Security Insurance Market Size, Status and Forecast 2025 " offers a primary impression of the Cyber Security Insurance industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report ...
Moody's Ratings: Cyber Insurance Competition Up, Prices Down Mathew J. Schwartz • September 6, 2024 Competition has been increasing in the cyber insurance market, leading to a "moderate" decrease in insurance premiums after several years of rate increases. So reports Moody's Ratings, which ...