Cyber Security Insurances Market [Service Type– Risk Management, Integrity, Forefront Portfolio, Third Party Liability And Others; Enterprise Size – Small & Medium Enterprises (SMEs), Large Enterprises; Industry Vertical – Banking and Financial Services, Telecom and IT, Government, Healthcare, Education, Manufacturing, Travel and Hospitality and Others]– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026

Cyber Security Insurances Market [Service Type– Risk Management, Integrity, Forefront Portfolio, Third Party Liability And Others; Enterprise Size – Small & Medium Enterprises (SMEs), Large Enterprises; Industry Vertical – Banking and Financial Services, Telecom and IT, Government, Healthcare, Education, Manufacturing, Travel and Hospitality and Others]– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026

Published: 05/10/2018

Report Code: BWC1835

Available Format: PDF PDF Icon

Pages: 180

Cyber Security Insurances Market: Overview

Cyber security insurances market report provides analysis for the period 2016 – 2026, wherein the period from 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and technologies playing an influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said period. The study provides a complete perspective on the evolution of the global cyber security insurances market throughout the above mentioned forecast period in terms of revenue (US$ Mn).

The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that influence the current nature and future status of this market, key market indicators, end-user adoption analysis, and key trends of the market. Further, key market indicators included in the report provide the significant factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period and provide an overview about the global cyber security insurances market.

Global Cyber security insurances Market: Scope of the Report

The global market for cyber security insurance is segmented on the basis of service type, enterprise size, industry vertical and geography. On the basis of service type, the market is segmented into risk management, integrity, forefront portfolio, third party liability and others. On the basis of enterprise size, the global cyber security insurance market is bisected into small & medium enterprises and large enterprise. Based on industry vertical, the market is divided into banking and financial services, telecom and IT, government, healthcare, education, manufacturing, travel and hospitality and others. The report covers the analysis of these segments across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America, along with the qualitative analysis for market estimates supplementing the growth of the cyber security insurances market during the forecast period.

The report also highlights the competitive landscape of the global cyber security insurances market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the industry.

This report provides all the essential information required to understand the key developments in the cyber security insurances market, and growth trends of each segment and region. It includes strategies of companies, financial information, SWOT analysis, and developments under the company profile section. The report also provides insights related to trends and their impact on the market. Furthermore, Porter’s Five Forces analysis explains the five forces namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the cyber security insurances market. This report also provides a comprehensive ecosystem analysis for the cyber security insurances market. It explains the various participants including software & third-party vendors, system integrators, and distribution channels within the value chain operating in the market.

 Global Cyber security insurances Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, World Bank database, and industry white papers are referred.

Primary research involves telephonic interviews, e-mail interactions and face-to-face interviews for detailed and unbiased reviews on the air purifier market across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer firsthand information on important factors such as market trends, market size, competitive landscape, growth trends, and outlook. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding.

Global Cyber security insurances Market: Competitive Dynamics

The global cyber security insurances market report provides company market share analysis of the various key participants. Some of the key players profiled in the report include The global cyber security insurance market includes key players such as XL Group Ltd., American International Group Inc., Zurich Insurance Co. Ltd, AON PLC, Allianz Global Corporate & Specialty, Munich Re Group, Chubb, HSB, BCS financial corporation, Marsh & McLennan Companies, Inc., Markel Corp, Traveler’s group, Hiscox, Beazely Insurance group and others.

The cyber security insurance market has been segmented as below:
Market Segmentation: Global Cyber security insurance Market
By Service Type
  • Risk management
  • Integrity
  • Forefront Portfolio
  • Third Party liability
  • Others
By Enterprise Size
  • Small & Medium Enterprises (SMEs)
  • Large Enterprises
By Industry Vertical
  • Banking, Financials
  • Telecom and IT
  • Government
  • Healthcare
  • Education
  • Manufacturing
  • Travel and hospitality
  • Others
In addition, the report provides analysis of the cyber security insurance market with respect to the following geographic segments:
  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
  • Germany
    • U.K
    • Itlay
    • Spain
    • Sweden
    • Austria
    • Belgium
    • France
    • The Netherlands
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Turkey
    • UAE
    • Rest of Middle East & Africa (MEA)
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
    • Rest of Latin America

1. Preface

1.1. Report Scope

1.2. Market Taxonomy

1.3. Assumptions and Acronyms Used

1.4. Global Market – Macro Economic Factors Overview

2. Executive Summary : Global Cyber Security Insurance  Market

3. Market Overview

3.1. Definition

3.2. Cyber Crime Cost in top 10 countries in US$ Bn

3.3. Average total organisation cost data breach (measured in millions US$)

3.4. Global Internet Penetration

3.5. Global Insurance Market

3.5.1. Life Insurance

3.5.2. Non-Life Insurance

3.5.2.1.  P & C insurance (Property and causality)

3.5.2.2.  Personal line Insurance

3.5.2.3.  Business Insurance

3.5.2.4.  Others (Fire, travel, Marin)

3.5.2.5.  Commercial Insurance

3.5.2.6.  Reinsurance

3.5.2.7.  Others

3.6. Competitive Scenario

3.7. Market Dynamics (Growth Influencers)

3.7.1.1.    Drivers

3.7.1.2.    Restraints

3.7.1.3.    Opportunities

3.8. Key Trend Analysis

3.9. Market Outlook

4. Global Cyber Security Insurance  Market Analysis and Forecast, By Service Type

4.1. Overview

4.2. Comparison of Cloud and On-premise deployment

4.3. Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Service Type, 2016 – 2026

4.3.1. Risk management

4.3.2. Integrity

4.3.3. Forefront Portfolio

4.3.4. Third Party liability

4.3.5. Others

5. Global Cyber Security Insurance  Market Analysis and Forecast, By Enterprise Size

5.1. Overview

5.2. Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Enterprise Size, 2016 – 2026

5.2.1. Small & Medium Enterprises (SMEs)

5.2.2. Large Enterprises

6. Global Cyber Security Insurance  Market Analysis and Forecast, By Industry Vertical

6.1. Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Industry Vertical, 2016 – 2026

6.1.1. Banking, Financials

6.1.2. Telecom and IT

6.1.3. Government

6.1.4. Healthcare

6.1.5. Education

6.1.6. Manufacturing

6.1.7. Travel and hospitality

6.1.8. Others

7. Global Cyber Security Insurance  Market Analysis and Forecast, by Region

7.1. Overview

7.2. Cyber Security Insurance  Market Size (US$ Mn ) Forecast, by Region, 2016 – 2026

7.2.1. North America

7.2.2. Europe

7.2.3. Asia Pacific

7.2.4. Middle East and Africa

7.2.5. Latin America

8. North America Cyber Security Insurance  Market Analysis and Forecast

8.1. Key Finding

8.2. Cyber Security Insurance Market Revenue Analysis (in US$ Mn)

8.3. Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Service Type, 2016 – 2026

8.3.1. Risk management

8.3.2. Integrity

8.3.3. Forefront Portfolio

8.3.4. Third Party liability

8.3.5. Others

8.4.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Enterprise Size, 2016 – 2026

8.4.1. Small & Medium Enterprises (SMEs)

8.4.2. Large Enterprises

8.5.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Industry Vertical, 2016 – 2026

8.5.1. Banking, Financials

8.5.2. Telecom and IT

8.5.3. Government

8.5.4. Healthcare

8.5.5. Education

8.5.6. Manufacturing

8.5.7. Travel and hospitality

8.5.8. Others

8.6.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Country, 2016 – 2026

8.6.1. The U.S.

8.6.2. Canada

8.6.3. Rest of North America

9. Europe Cyber Security Insurance  Market Analysis and Forecast

9.1. Key Finding

9.2. Cyber Security Insurance Market Revenue Analysis (in US$ Mn)

9.3. Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Service Type, 2016 – 2026

9.3.1. Risk management

9.3.2. Integrity

9.3.3. Forefront Portfolio

9.3.4. Third Party liability

9.3.5. Others

9.4.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Enterprise Size, 2016 – 2026

9.4.1. Small & Medium Enterprises (SMEs)

9.4.2. Large Enterprises

9.5.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Industry Vertical, 2016 – 2026

9.5.1. Banking, Financials

9.5.2. Telecom and IT

9.5.3. Government

9.5.4. Healthcare

9.5.5. Education

9.5.6. Manufacturing

9.5.7. Travel and hospitality

9.5.8. Others

9.6.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Country, 2016 – 2026

9.6.1. Germany

9.6.2. U.K

9.6.3. Itlay

9.6.4. Spain

9.6.5. Sweden

9.6.6. Austria

9.6.7. Belgium

9.6.8. France

9.6.9. The Netherlands

9.6.10. Rest of Europe

10. Asia Pacific Cyber Security Insurance  Market Analysis and Forecast

10.1. Key Finding

10.2. Cyber Security Insurance Market Revenue Analysis (in US$ Mn)

10.3. Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Service Type, 2016 – 2026

10.3.1. Risk management

10.3.2. Integrity

10.3.3. Forefront Portfolio

10.3.4. Third Party liability

10.3.5. Others

10.4.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Enterprise Size, 2016 – 2026

10.4.1. Small & Medium Enterprises (SMEs)

10.4.2. Large Enterprises

10.5.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Industry Vertical, 2016 – 2026

10.5.1. Banking, Financials

10.5.2. Telecom and IT

10.5.3. Government

10.5.4. Healthcare

10.5.5. Education

10.5.6. Manufacturing

10.5.7. Travel and hospitality

10.5.8. Others

10.6.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Country, 2016 – 2026

10.6.1. China

10.6.2. India

10.6.3. Japan

10.6.4. Australia

10.6.5.  Rest of Asia Pacific

11. Middle East and Africa (MEA) Cyber Security Insurance  Market Analysis and Forecast

11.1. Key Finding

11.2. Cyber Security Insurance Market Revenue Analysis (in US$ Mn)

11.3. Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Service Type, 2016 – 2026

11.3.1. Risk management

11.3.2. Integrity

11.3.3. Forefront Portfolio

11.3.4. Third Party liability

11.3.5. Others

11.4.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Enterprise Size, 2016 – 2026

11.4.1. Small & Medium Enterprises (SMEs)

11.4.2. Large Enterprises

11.5.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Industry Vertical, 2016 – 2026

11.5.1. Banking, Financials

11.5.2. Telecom and IT

11.5.3. Government

11.5.4. Healthcare

11.5.5. Education

11.5.6. Manufacturing

11.5.7. Travel and hospitality

11.5.8. Others

11.6.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Country, 2016 – 2026

11.6.1. GCC

11.6.2. South Africa

11.6.3. Turkey

11.6.4. UAE

11.6.5. Rest of Middle East & Africa

12. Latin America Cyber Security Insurance  Market Analysis and Forecast

12.1. Key Finding

12.2. Cyber Security Insurance Market Revenue Analysis (in US$ Mn)

12.3. Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Service Type, 2016 – 2026

12.3.1. Risk management

12.3.2. Integrity

12.3.3. Forefront Portfolio

12.3.4. Third Party liability

12.3.5. Others

12.4.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Enterprise Size, 2016 – 2026

12.4.1. Small & Medium Enterprises (SMEs)

12.4.2. Large Enterprises

12.5.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Industry Vertical, 2016 – 2026

12.5.1. Banking, Financials

12.5.2. Telecom and IT

12.5.3. Government

12.5.4. Healthcare

12.5.5. Education

12.5.6. Manufacturing

12.5.7. Travel and hospitality

12.5.8. Others

12.6.  Cyber Security Insurance  Market Size (US$ Mn ) Forecast, By Country, 2016 – 2026

12.6.1. Brazil

12.6.2. Mexico

12.6.3. Argentina

12.6.4. Chile

12.6.5. Rest of Latin America

13. Competition Analysis

13.1. Market share analysis by key players

13.2. Company Profiles (Details – Overview, Business Overview, Financials Overview, Strategy Overview)

13.2.1. American International Group, Inc. (AIG)

13.2.2. Chubb Limited

13.2.3. Hiscox Ltd.

13.2.4. HSBC Holdings plc

13.2.5. Travelers Companies, Inc.

13.2.6. Beazley plc.

13.2.7. AXIS Capital Holdings Ltd.

13.2.8. BCS Insurance

13.2.9. CNA Financial Corporation

13.2.10. Marsh & McLennan Companies, Inc.

14. Research Methodology

List of Figure

Figure 1               Global Cyber Security Insurance Market Share in 2018, By Service Type

Figure 2               Global Cyber Security Insurance Market Share in 2018, By Enterprise Size

Figure 3               Global Cyber Security Insurance Market Share in 2018, By Industry Vertical

Figure 4               Global Cyber Security Insurance Market Share in 2018, By Region

Figure 5               Global Cyber Security Insurance Market Share in 2026, By Service Type

Figure 6               Global Cyber Security Insurance Market Share in 2026, By Enterprise Size

Figure 7               Global Cyber Security Insurance Market Share in 2026, By Industry Vertical

Figure 8               Global Cyber Security Insurance Market Share in 2026, By Region

Figure 9               Global Cyber Security Insurance Market CAGR Analysis

Figure 10             Global Internet Users by Regions, in 2016 in Mn

Figure 11             Global Insurance Gross Premiums in US$ Tn,2006-2016

Figure 12             Gross Domestic Product (GDP) per Capita; Analysis (1/2) (US$ Tn), by Major Countries, 2011-2016

Figure 13             Gross Domestic Product (GDP) Analysis (2/2) (US$ Tn), by Major Countries, 2011-2016

Figure 14             Cybercrime by Country, 2016

Figure 15             Global Insurance Market by type

Figure 16             Global Non-Life Insurance Market

Figure 17             Global Cyber Security Insurance Market Analysis

Figure 18             Historic growth trends, 2012-2017 (US$ Mn)

Figure 19             Forecast trends, 2018-2026 (US$ Mn)

Figure 20             Global Cyber Security Insurance Market Share Analysis, By Service Type

Figure 21              Global Cyber Security Insurance Market Attractiveness Analysis, By Service Type

Figure 22            Global Cyber Security Insurance Market Share Analysis, By Enterprise Size

Figure 23            Global Cyber Security Insurance Market Attractiveness Analysis, By Enterprise Size

Figure 24            Global Cyber Security Insurance Market Share Analysis, By Industry Vertical

Figure 25            Global Cyber Security Insurance Market Attractiveness Analysis, By Industry Vertical

Figure 26            Global Cyber Security Insurance Market Share Analysis, By Region

Figure 27             Global Cyber Security Insurance Market Attractiveness Analysis, By Region

Figure 28             The U.S. Gross Premiums in US$ Tn,2006-2016

Figure 29             Canada Insurance Gross Premiums in US$ Tn,2006-2015

Figure 30             North America Cyber Security Insurance Market Analysis

Figure 31             U.S. Cyber Security Insurance Market Analysis

Figure 32             Germany Gross Premiums in US$ Tn,2006-2016

Figure 33             Greece Insurance Gross Premiums in US$ Tn,2006-2016

Figure 34             Europe Cyber Security Insurance Market Analysis

Figure 35             Germany Cyber Security Insurance Market Analysis

Figure 36             Australia Gross Premiums in US$ Tn,2006-2016

Figure 37             Japan Insurance Gross Premiums in US$ Tn,2006-2016

Figure 38             Asia Pacific Cyber Security Insurance Market Analysis

Figure 39             Indian Cyber Security Insurance Market Analysis

Figure 40             Turkey Gross Premiums in US$ Bn,2006-2016

Figure 41             Israel Insurance Gross Premiums in US$ Bn,2006-2016

Figure 42             Middle East & Africa Cyber Security Insurance Market Analysis

Figure 43             GCC Cyber Security Insurance Market Analysis

Figure 44             Mexico Gross Premiums in US$ Bn,2006-2016

Figure 45             Chile Insurance Gross Premiums in US$ Bn,2006-2016

Figure 46             Latin America Cyber Security Insurance Market Analysis

 

List of Tables

Table 1            Global Cyber Security Insurance Market Size (US$ Mn) Forecast, by Service Type 2016(H)-2026(F)

Table 2             Global Cyber Security Insurance Market Size (US$ Mn) Forecast, by Enterprise Size 2016(H)-2026(F)

Table 3             Global Cyber Security Insurance Market Size (US$ Mn) Forecast, by Industry Vertical 2016(H)-2026(F)

Table 4             Global Cyber Security Insurance Market Size (US$ Mn) Forecast, by Region 2016(H)-2026(F)

Table 5              North America Cyber Security Insurance Market Size (US$ Mn) Forecast, by Service Type 2016(H)-2026(F)

Table 6              North America Cyber Security Insurance Market Size (US$ Mn) Forecast, by Enterprise Size 2016(H)-2026(F)

Table 7               North America Cyber Security Insurance Market Size (US$ Mn) Forecast, by Industry Vertical 2016(H)-2026(F)

Table 8               North America Cyber Security Insurance Market Size (US$ Mn) Forecast, by Country 2016(H)-2026(F)

Table 9                Europe Cyber Security Insurance Market Size (US$ Mn) Forecast, by Service Type 2016(H)-2026(F)

Table 10               Europe Cyber Security Insurance Market Size (US$ Mn) Forecast, by Enterprise Size 2016(H)-2026(F)

Table 11               Europe Cyber Security Insurance Market Size (US$ Mn) Forecast, by Industry Vertical 2016(H)-2026(F)

Table 12               Europe Cyber Security Insurance Market Size (US$ Mn) Forecast, by Country 2016(H)-2026(F)

Table 13               Asia Pacific Cyber Security Insurance Market Size (US$ Mn) Forecast, by Service Type 2016(H)-2026(F)

Table 14               Asia Pacific Cyber Security Insurance Market Size (US$ Mn) Forecast, by Enterprise Size 2016(H)-2026(F)

Table 15               Asia Pacific Cyber Security Insurance Market Size (US$ Mn) Forecast, by Industry Vertical 2016(H)-2026(F)

Table 16               Asia Pacific Cyber Security Insurance Market Size (US$ Mn) Forecast, by Country 2016(H)-2026(F)

Table 17               Middle East & Africa Cyber Security Insurance Market Size (US$ Mn) Forecast, by Service Type 2016(H)-2026(F)

Table 18               Middle East & Africa Cyber Security Insurance Market Size (US$ Mn) Forecast, by Enterprise Size 2016(H)-2026(F)

Table 19               Middle East & Africa Cyber Security Insurance Market Size (US$ Mn) Forecast, by Industry Vertical 2016(H)-2026(F)

Table 20               Middle East & Africa Cyber Security Insurance Market Size (US$ Mn) Forecast, by Country 2016(H)-2026(F)

Table 21               Latin America Cyber Security Insurance Market Size (US$ Mn) Forecast, by Service Type 2016(H)-2026(F)

Table 22               Latin America Cyber Security Insurance Market Size (US$ Mn) Forecast, by Enterprise Size 2016(H)-2026(F)

Table 23               Latin America Cyber Security Insurance Market Size (US$ Mn) Forecast, by Industry Vertical 2016(H)-2026(F)

Table 24               Latin America Cyber Security Insurance Market Size (US$ Mn) Forecast, by Country 2016(H)-2026(F)

1.   Research Methodology

Cyber Security Insurances Market Research Methodology
Source: BlueWeave Consulting Analysis

2.  Regional Split of Primary & Secondary Research

Cyber Security Insurances Market Research Methodology
Source: BlueWeave Consulting Analysis

3.   Secondary Research

The research process began with obtaining historical market sizes of the entire cyber security insurances market and the share of each type of segmentation, through exhaustive secondary research to understand the potential of the market under the prevailing market environment during the past years. The growth rate of the market and its segments was studied with a comparative approach to understand the impact of factors that shaped the market during the recent past.

The next step involved the study of present market environment that is influencing the cyber security insurances market and its expected long-term impact. Weightage was given to several forces that are expected to affect the home security market, during the forecast period. Based on the interim analysis, the market numbers were formulated for each of the forecast years for every segment.

4.  Primary Research

Various industry experts including CEOs, presidents, vice presidents, directors, sales managers, products managers, organization executives and other key people of the global cyber security insurances market were interviewed. The third step involved validation of hypothesis through segmented primary research with the key opinion leaders in the industry, including the company representatives, experts from distributer agencies, service providers and other industry experts. The primary research helped in assessing the gathered and assumed data with the real-time experience of industry representatives. This also led to modification in certain assumptions that were taken during the process of preliminary research. The analysts arrived at solid data points after the completion of primary research process.

In the fourth step, the market engineering was conducted, where the data points collected through secondary and primary sources were compiled to compute the final market sizes.

4.1    Breakdown of Primary Research Respondents, By Region

Cyber Security Insurances Market Research Methodology
Source: BlueWeave Consulting Analysis

4.2    Breakdown of Primary Research Respondents, By Industry Participants

Cyber Security Insurances Market Research Methodology
Source: BlueWeave Consulting Analysis

5.   Market Size Estimation

Top-down approach has been followed to obtain the market size by region, and by country. Bottom-Up approach has been followed to obtain market size by service type,  by enterprise size and by industry vertical.

An amalgamation of bottom-up and top-down approach has been performed to determine the revenue.

6.  Assumptions for the Study

  • The macro-economic factors would remain same during the forecast period.
  • The market players would exhibit consistent performance during the forecast period without having any adverse ripple effects on the industry.

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