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サイバー保険市場レポート：コンポーネント別、保険タイプ別、組織規模別、最終用途産業別、地域別、2024-2032

Cyber Insurance Market Report by Component, Insurance Type, Organization Size, End Use Industry, and Region 2024-2032
出版日: | 発行: IMARC | ページ情報: 英文 148 Pages | 納期: 2～3営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=155.76円
サイバー保険市場レポート：コンポーネント別、保険タイプ別、組織規模別、最終用途産業別、地域別、2024-2032
出版日: 2024年03月02日
発行: IMARC
ページ情報: 英文 148 Pages
納期: 2～3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界のサイバー保険市場規模は2023年に119億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけて18.8%の成長率（CAGR）を示し、2032年には589億米ドルに達すると予測しています。中小企業や大企業のクラウド・コンピューティング・ソリューションへの依存度の高まり、データ漏洩やサイバーセキュリティ脅威の発生率の上昇、専門的な保険契約の市場開拓などが、市場を推進している主な要因です。

サイバー保険は、インターネット上のリスクから企業や個人ユーザーを保護するために設計されています。データ漏洩、ネットワーク被害、サイバー恐喝によって発生する金銭的損失をカバーします。この保険には、弁護士費用、通知費用、個人情報保護サービス、広報費用、その他の関連費用が含まれます。強固なサイバーセキュリティの実践を奨励し、攻撃の全体的なリスクを低減します。データ保護とプライバシーに関連する法的要件や規制要件の遵守に役立ちます。オンライン取引やデジタルバンキングに関連するリスクから保護するため、銀行や金融機関で広く利用されています。このほか、デジタル技術に依存する中小企業や大企業にも応用されています。

急速なデジタル化とクラウド・コンピューティングへの依存の高まりにより、企業はさらなるリスクにさらされており、クラウドベースのサービスやインフラに関連する潜在的な損失を軽減するための包括的な保険へのニーズが高まっています。さらに、緊張の高まりや国家によるサイバー活動が、強固なサイバー保険の必要性を喚起しています。これとは別に、経済情勢の変化、国際関係、国家安全保障上の懸念が、良好な市場見通しをもたらしています。さらに、注目度の高いサイバー事件がメディアで広く報道されたことで、サイバー保険のリスクと潜在的なメリットに関する認識が高まり、市場にプラスの影響を与えています。さらに、政府、規制当局、保険会社による教育キャンペーンは、より幅広い消費者層を引き付けています。

サイバー保険市場の動向と促進要因：

サイバー脅威と攻撃の増加

サイバーセキュリティの脅威やデータ漏洩の事例の増加は、サイバー保険の需要を喚起する重要な要因の一つです。さらに、先端技術の出現により、ハッカーがより洗練された手法を採用するようになり、サイバー脅威の複雑さが増しているため、従来のセキュリティ対策では効果が薄れています。このため、企業はサイバー保険による包括的な保護を求めるようになっています。これとは別に、リモートワークモジュールの人気の高まりは、サイバーセキュリティに新たな脆弱性を生み出し、潜在的な侵害から保護するためのサイバー保険の必要性を促しています。さらに、急成長するeコマース産業が大量の機密顧客データを扱うようになり、消費者の依存度が高まっていることも、サイバー保険の需要を押し上げています。

厳しい規制とコンプライアンス要件

各国政府は厳しいデータ保護規制を課しているため、企業はコンプライアンスを確保し、法的リスクを管理するためにサイバー保険を導入する傾向にあります。さらに、コンプライアンス基準を満たし、機密情報を保護するためにヘルスケアや金融部門で保険契約の採用が増加していることも、市場にプラスの影響を与えています。これとは別に、規制機関はデータ侵害に対してより重い罰金や罰則を課しており、サイバー保険は財務保護のための重要な手段となっています。さらに、サイバー保険が提供するメリットに関する消費者の意識の高まりは、顧客の信頼を維持し、責任を実証するために、サイバー保険への投資拡大を促しています。

保険商品における技術の進歩と革新

先進技術の登場により、サイバー保険は中小企業にとってより手頃で利用しやすいものとなっています。さらに、保険会社は人工知能（AI）やアナリティクスを活用してリスクをより正確に評価し、保険契約をより的を絞った魅力的なものにしています。保険が既存のサイバーセキュリティ・ツールやサービスと統合されることで、包括的な保護が提供され、サイバー保険に投資する企業が増えています。これとは別に、多くの保険会社が保険契約とともに教育リソースや予防ツールを提供しており、市場の見通しは良好です。さらに、強固なサイバー保険商品を開発するために政府と保険会社が協力していることも、市場に明るい見通しをもたらしています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要業界動向

第5章 世界のサイバー保険市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場予測

第6章 市場内訳：コンポーネント別

  • ソリューション
    • 市場動向
    • 市場予測
  • サービス
    • 市場動向
    • 市場予測

第7章 市場内訳：保険タイプ別

  • パッケージ
    • 市場動向
    • 市場予測
  • スタンドアローン
    • 市場動向
    • 市場予測

第8章 市場内訳：組織規模別

  • 中小企業
    • 市場動向
    • 市場予測
  • 大企業
    • 市場動向
    • 市場予測

第9章 市場内訳：最終用途産業別

  • BFSI
    • 市場動向
    • 市場予測
  • ヘルスケア
    • 市場動向
    • 市場予測
  • IT・通信
    • 市場動向
    • 市場予測
  • 小売
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第10章 市場内訳：地域別

  • 北米
    • 米国
      • 市場動向
      • 市場予測
    • カナダ
      • 市場動向
      • 市場予測
  • アジア太平洋
    • 中国
      • 市場動向
      • 市場予測
    • 日本
      • 市場動向
      • 市場予測
    • インド
      • 市場動向
      • 市場予測
    • 韓国
      • 市場動向
      • 市場予測
    • オーストラリア
      • 市場動向
      • 市場予測
    • インドネシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 欧州
    • ドイツ
      • 市場動向
      • 市場予測
    • フランス
      • 市場動向
      • 市場予測
    • 英国
      • 市場動向
      • 市場予測
    • イタリア
      • 市場動向
      • 市場予測
    • スペイン
      • 市場動向
      • 市場予測
    • ロシア
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • ラテンアメリカ
    • ブラジル
      • 市場動向
      • 市場予測
    • メキシコ
      • 市場動向
      • 市場予測
    • その他
      • 市場動向
      • 市場予測
  • 中東・アフリカ地域
    • 市場動向
    • 市場内訳：国別
    • 市場予測

第11章 SWOT分析

  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威

第14章 価格分析

第15章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Allianz Group
    • American International Group Inc.
    • AON Plc
    • AXA XL
    • Berkshire Hathaway Inc.
    • Chubb Limited（ACE Limited）
    • Lockton Companies Inc.
    • Munich ReGroup or Munich Reinsurance Company
    • Lloyd's of London
    • Zurich Insurance Company Limited
図表

List of Figures

  • Figure 1: Global: Cyber Insurance Market: Major Drivers and Challenges
  • Figure 2: Global: Cyber Insurance Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Cyber Insurance Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 4: Global: Cyber Insurance Market: Breakup by Component (in %), 2023
  • Figure 5: Global: Cyber Insurance Market: Breakup by Insurance Type (in %), 2023
  • Figure 6: Global: Cyber Insurance Market: Breakup by Organization Size (in %), 2023
  • Figure 7: Global: Cyber Insurance Market: Breakup by End Use Industry (in %), 2023
  • Figure 8: Global: Cyber Insurance Market: Breakup by Region (in %), 2023
  • Figure 9: Global: Cyber Insurance (Solution) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 10: Global: Cyber Insurance (Solution) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 11: Global: Cyber Insurance (Services) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 12: Global: Cyber Insurance (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 13: Global: Cyber Insurance (Packaged) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 14: Global: Cyber Insurance (Packaged) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 15: Global: Cyber Insurance (Stand-alone) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 16: Global: Cyber Insurance (Stand-alone) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 17: Global: Cyber Insurance (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 18: Global: Cyber Insurance (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 19: Global: Cyber Insurance (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 20: Global: Cyber Insurance (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 21: Global: Cyber Insurance (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 22: Global: Cyber Insurance (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 23: Global: Cyber Insurance (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 24: Global: Cyber Insurance (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 25: Global: Cyber Insurance (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 26: Global: Cyber Insurance (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 27: Global: Cyber Insurance (Retail) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 28: Global: Cyber Insurance (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 29: Global: Cyber Insurance (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 30: Global: Cyber Insurance (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 31: North America: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 32: North America: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 33: United States: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 34: United States: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 35: Canada: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 36: Canada: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 37: Asia-Pacific: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 38: Asia-Pacific: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 39: China: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 40: China: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 41: Japan: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 42: Japan: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 43: India: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 44: India: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 45: South Korea: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 46: South Korea: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 47: Australia: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 48: Australia: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 49: Indonesia: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 50: Indonesia: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 51: Others: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 52: Others: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 53: Europe: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 54: Europe: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 55: Germany: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 56: Germany: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 57: France: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 58: France: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 59: United Kingdom: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 60: United Kingdom: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 61: Italy: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 62: Italy: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 63: Spain: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 64: Spain: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 65: Russia: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 66: Russia: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 67: Others: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 68: Others: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 69: Latin America: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 70: Latin America: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 71: Brazil: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 72: Brazil: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 73: Mexico: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 74: Mexico: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 75: Others: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 76: Others: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 77: Middle East and Africa: Cyber Insurance Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 78: Middle East and Africa: Cyber Insurance Market: Breakup by Country (in %), 2023
  • Figure 79: Middle East and Africa: Cyber Insurance Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 80: Global: Cyber Insurance Industry: SWOT Analysis
  • Figure 81: Global: Cyber Insurance Industry: Value Chain Analysis
  • Figure 82: Global: Cyber Insurance Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Cyber Insurance Market: Key Industry Highlights, 2023 & 2032
  • Table 2: Global: Cyber Insurance Market Forecast: Breakup by Component (in Million US$), 2024-2032
  • Table 3: Global: Cyber Insurance Market Forecast: Breakup by Insurance Type (in Million US$), 2024-2032
  • Table 4: Global: Cyber Insurance Market Forecast: Breakup by Organization Size (in Million US$), 2024-2032
  • Table 5: Global: Cyber Insurance Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
  • Table 6: Global: Cyber Insurance Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 7: Global: Cyber Insurance Market: Competitive Structure
  • Table 8: Global: Cyber Insurance Market: Key Players
目次
Product Code: SR112024A3826

The global cyber insurance market size reached US$ 11.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 58.9 Billion by 2032, exhibiting a growth rate (CAGR) of 18.8% during 2024-2032. The increasing reliance of small and large businesses on cloud computing solutions, rising occurrence of data breaches and cyber security threats, and the development of specialized insurance policies are some of the major factors propelling the market.

Cyber insurance is designed to protect businesses and individual users from internet-based risks. It covers the financial losses that occur due to data breaches, network damage, and cyber extortion. It includes legal fees, notification costs, identity protection services, public relations expenses, and other associated costs. It encourages the implementation of robust cybersecurity practices and reducing the overall risk of an attack. It helps in complying with legal and regulatory requirements related to data protection and privacy. It is widely used by banks and financial institutions to protect them against the risks related to online transactions and digital banking. Besides this, it finds applications in small and medium enterprises and large corporations that rely on digital technology.

Rapid digitalization and the growing reliance on cloud computing expose businesses to additional risks, which is driving the need for comprehensive insurance coverage to mitigate potential losses related to cloud-based services and infrastructure. Additionally, the rising tensions and state-sponsored cyber activities are catalyzing the need for robust cyber insurance. Apart from this, changes in economic conditions, international relations, and national security concerns are offering a favorable market outlook. Furthermore, extensive media coverage of high-profile cyber incidents is increasing awareness about the risks and potential benefits of cyber insurance, which is positively influencing the market. Moreover, educational campaigns by governments, regulators, and insurers are attracting a wider consumer base.

Cyber Insurance Market Trends/Drivers:

Increase in cyber threats and attacks

The rising cases of cybersecurity threats and data breaches represent one of the key factors catalyzing the demand for cyber insurance. Additionally, the advent of advanced technologies is resulting in the rising complexity of cyber threats as hackers are employing more sophisticated methods, making conventional security measures less effective. This is encouraging companies to seek comprehensive protection through cyber insurance. Apart from this, the rising popularity of remote work modules is creating new vulnerabilities in cyber security and driving the need for cyber insurance to protect against potential breaches. Furthermore, the increasing consumer reliance on the booming e-commerce industry to handle large amounts of sensitive customer data is driving the demand for cyber insurance.

Stringent regulations and compliance requirements

Governments of various countries are imposing stringent data protection regulations, which is pushing businesses to adopt cyber insurance to ensure compliance and manage legal risks. Additionally, the rising adoption of insurance policies by the healthcare and finance sectors to meet compliance standards and protect sensitive information is positively influencing the market. Apart from this, regulatory bodies are imposing heavier fines and penalties for data breaches, making cyber insurance a critical tool for financial protection. Furthermore, the rising awareness among consumers about the benefits offered by cyber insurance policies is encouraging them to invest more in cyber insurance to maintain customer trust and demonstrate responsibility.

Technological advancements and innovation in insurance products

The advent of advanced technologies is making cyber insurance more affordable and accessible to small and medium-sized enterprises. Additionally, insurers are using Artificial Intelligence (AI) and analytics to assess risks more accurately, making policies more targeted and appealing. The integration of insurance with existing cybersecurity tools and services is offering comprehensive protection and attracting more businesses to invest in cyber insurance. Apart from this, many insurers are providing educational resources and preventive tools along with insurance policies, which is offering a favorable market outlook. Moreover, collaborations between governments and insurers to develop robust cyber insurance products are creating a positive outlook for the market.

Cyber Insurance Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global cyber insurance market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on component, insurance type, organization size and end use industry.

Breakup by Component:

Solution

Services

Solution holds the largest market share

The report has provided a detailed breakup and analysis of the market based on the component. This includes solution and services. According to the report, solution holds the largest market share. The escalating need for insurance policies that provide businesses with an all-encompassing strategy that includes prevention, risk management, response planning, and recovery, is driving the demand for cyber insurance solutions that offer customized coverage aligned with the specific risks and needs of an organization. Additionally, solutions in the cyber insurance market include collaboration with cybersecurity experts. This holistic approach ensures the coverage of financial aspects and supports minimizing risks through technical assessments, regular monitoring, and ongoing support. Apart from this, cyber insurance solutions are designed to align with global regulations and standards, which aids in easing the compliance burden on companies.

Breakup by Insurance Type:

Packaged

Stand-alone

Stand-alone represents the largest market segment

A detailed breakup and analysis of the market based on the insurance type has also been provided in the report. This includes packaged and stand-alone. According to the report, stand-alone represents the largest market segment. Stand-alone cyber insurance refers to policies specifically designed to cover cyber risks. They ensure that the specific needs of different industries and sectors are met, and they provide comprehensive protection against an array of cyber threats. Apart from this, stand-alone cyber insurance includes immediate access to cybersecurity experts and legal assistance following a breach, which assists policyholders with financial coverage and a complete support system that aids in swift response and recovery. Furthermore, regulatory pressures and compliance requirements are driving businesses towards specialized coverage. Stand-alone cyber insurance ensures that organizations meet specific regulatory standards related to cyber risk management.

Breakup by Organization Size:

Small and Medium Enterprises

Large Enterprises

Large enterprises dominate the market

The report has provided a detailed breakup and analysis of the market based on the organization size. This includes small and medium enterprises and large enterprises. According to the report, large enterprises accounted for the largest market share. They operate across international boundaries, subjecting them to various regulatory environments. Cyber insurance helps in navigating these complex regulations, ensuring compliance, and protecting against legal liabilities. Additionally, the increasing adoption of cyber insurance policies by large enterprises as they offer a financial safety net by covering the costs associated with breaches, including legal fees, recovery expenses, and potential fines. Apart from this, large enterprises are prime targets for sophisticated cyber-attacks. This is driving the demand for cyber insurance policies to ensure businesses have access to specialized expertise and support and a comprehensive strategy for prevention and response. Furthermore, the increasing reliance of large businesses on advanced technologies is catalyzing the demand for cyber insurance policies.

Breakup by End Use Industry:

BFSI

Healthcare

IT and Telecom

Retail

Others

BFSI accounts for the largest market share

A detailed breakup and analysis of the market based on the end use industry has also been provided in the report. This includes BFSI, healthcare, IT and telecom, retail, and others. According to the report, BFSI holds the majority of the market share. The increasing reliance on digital platforms for daily operations and managing vast amounts of sensitive customer data is making the BFSI sector a prime target for cybercriminals, which is leading to the rising need for robust cyber protection. Cyber insurance policies offer financial coverage against potential breaches, alleviating significant financial risks. Additionally, the expanding complex and interconnected financial ecosystem is catalyzing the need for specialized coverage. Cyber insurance providers are offering tailored policies that recognize the unique risks and operational intricacies of the BFSI sector, ensuring comprehensive protection. Apart from this, innovation in financial technology (FinTech) is resulting in new vulnerabilities and exposures. Cyber insurance offers the flexibility to adapt to emerging threats and provides ongoing relevance and assurance.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

North America exhibits a clear dominance, accounting for the largest cyber insurance market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share as it is home to a significant number of large corporations and technology companies, which are prime targets for cyber attacks. Additionally, compliance requirements, such as those mandated by the New York Department of Financial Services and the California Consumer Privacy Act, encourage businesses to invest in cyber insurance as a part of their comprehensive risk management strategy. Apart from this, the culture of awareness and education around cybersecurity risks in North America promotes the understanding and acknowledgment of the need for protection. Moreover, technological advancement and investment in cybersecurity research in North America create a dynamic environment wherein insurance products can continually adapt to emerging threats and trends.

Competitive Landscape:

Companies are exploring opportunities in emerging markets and targeting different customer segments, including small and medium enterprises (SMEs) and individuals, expanding their reach and influence. Additionally, some insurers are creating specialized and customizable cyber insurance policies to suit the specific needs of different industries, sectors, and sizes of businesses, and provide relevant and comprehensive coverage. Apart from this, many insurers are forming strategic partnerships with cybersecurity companies to offer integrated solutions that combine insurance coverage with preventive measures, security assessments, and incident response services. Furthermore, they are offering educational resources, workshops, and tools to help policyholders understand cyber risks and implement preventive measures.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Allianz Group

American International Group Inc.

AON Plc

AXA XL

Berkshire Hathaway Inc.

Chubb Limited (ACE Limited)

Lockton Companies Inc.

Munich ReGroup or Munich Reinsurance Company

Lloyd's of London

Zurich Insurance Company Limited

Recent Developments:

In March 2023, Allianz Group and F-Secure joined forces to combine insurance and cyber security.

In August 2023, Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, acquired SpearTip, a cyber counterintelligence firm that helps protect clients against cyber threats through proactive and response services.

In December 2020, AON Plc launched Digital Cyber Insurance for Small and Middle Market Businesses.

Key Questions Answered in This Report

  • 1. What was the size of the global cyber insurance market in 2023?
  • 2. What is the expected growth rate of the global cyber insurance market during 2024-2032?
  • 3. What are the key factors driving the global cyber insurance market?
  • 4. What has been the impact of COVID-19 on the global cyber insurance market?
  • 5. What is the breakup of the global cyber insurance market based on the component?
  • 6. What is the breakup of the global cyber insurance market based on the insurance type?
  • 7. What is the breakup of the global cyber insurance market based on the organization size?
  • 8. What is the breakup of the global cyber insurance market based on the end use industry?
  • 9. What are the key regions in the global cyber insurance market?
  • 10. Who are the key players/companies in the global cyber insurance market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Cyber Insurance Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Component

  • 6.1 Solution
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Services
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Insurance Type

  • 7.1 Packaged
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Stand-alone
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Organization Size

  • 8.1 Small and Medium Enterprises
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Large Enterprises
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by End Use Industry

  • 9.1 BFSI
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Healthcare
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 IT and Telecom
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Retail
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Others
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia-Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 Allianz Group
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
      • 15.3.1.4 SWOT Analysis
    • 15.3.2 American International Group Inc.
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
      • 15.3.2.3 Financials
      • 15.3.2.4 SWOT Analysis
    • 15.3.3 AON Plc
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
      • 15.3.3.3 Financials
      • 15.3.3.4 SWOT Analysis
    • 15.3.4 AXA XL
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
      • 15.3.4.3 Financials
      • 15.3.4.4 SWOT Analysis
    • 15.3.5 Berkshire Hathaway Inc.
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
      • 15.3.5.3 Financials
      • 15.3.5.4 SWOT Analysis
    • 15.3.6 Chubb Limited (ACE Limited)
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
      • 15.3.6.3 Financials
      • 15.3.6.4 SWOT Analysis
    • 15.3.7 Lockton Companies Inc.
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
    • 15.3.8 Munich ReGroup or Munich Reinsurance Company
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 Financials
    • 15.3.9 Lloyd's of London
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
    • 15.3.10 Zurich Insurance Company Limited
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
      • 15.3.10.3 Financials
      • 15.3.10.4 SWOT Analysis