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Cyber Insurance Market by Data Type (First-Party Coverage, Third-Party Coverage), By End-User (Financial Institutes Retail Healthcare Professional and Business services Manufacturing Information Technology and services Others) and By Company Size (Small-Medium Scale Enterprise ($2.5 Million to $1 Billion)) - Global Outlook Analysis and Industry Forecast, 2017-2022

 Technology

Report Overview

Global Cyber Insurance Market was valued at USD 5.06 Billion in the year 2017. Global Cyber Insurance market is further estimated to grow at a CAGR of 26.28% from 2018 to 2023 to reach USD 20.55 Billion. North America region holds the highest market share in 2017 with Asia Pacific region is considered as the fastest growing market in the forecasted period. At a country level, U.S. is the biggest market in 2017 and it is projected to grow at a gradual pace in the coming years.

American International Group, Inc. (U.S.), The Chubb Corporation (U.S.), Zurich Insurance Co. Ltd (Switzerland), are some of the key players in the Cyber Insurance market with American International Group, Inc. holding the substantial market share because of its better global presence at an operational level. Growth strategies such as acquisition, merger, and expansion of the business network were few techniques adopted by most of Tier 1 and Tier 2 service providers in recent years.

Drivers:

             Number of cyber attacks is surging

             Mandatory Legislation Regarding Cyber Security

Restraints:

             Lack of Historical Data

Opportunities:

             Increase focus on claim and risk management capabilities

Challenges:

             Lack of cyber-security incident data in support of risk assessment

The Financial Institution segment is expected to hold the highest market share during the forecast period. The Financial institute holds the largest share because it includes banking and investment companies who have the high risk of cyber-attacks.

On the other hand, Large Scale Enterprises market for Cyber Insurance is expected to grow at the highest CAGR during the year 2018-2023. Large-scale enterprises hold the largest market share because enterprise risk transfer is more as compared to small-medium enterprises.

Key Benefits for Stakeholders

Cyber Insurance service providers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies

By Company Size

Small-Medium Scale Enterprise ($2.5 Million to $1 Billion)

Large Scale Enterprise ($1.1 Billion and above)

By Type

First-Party Coverage

Third-Party Coverage

By End-User Industry

Financial Institutes

Retail

Healthcare        

Professional and Business services

Manufacturing

Information Technology and services

Others

By Region

North America

Europe

Asia-Pacific

LAMEA

Key Market Players

American International Group, Inc.

Chubb Limited

XL Group Limited

Beazley PLC

Allianz Group

Zurich Insurance Group

Munich Re Group

(A brief overview of another 13 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1. Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2. Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3. To avoid bias, we filter the collected data collected from authenticated sources.
  4. GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5. Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6. Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1 Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

             2.1.1.1. Key Data from Secondary Research

       2.1.2. Primary Research

             2.1.2.1. Key Data from Primary Research

             2.1.2.2. Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottoms-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Revenue Process

2.3. Data Triangulation 

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.8. Patent & Standards

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Cyber Insurance Market, By Company Size

6.1 Small-Medium Scale Enterprise ($2.5 Million to $1 Billion)

      6.1.1 Very Small ($2.5 Million to $99 Million)  

      6.1.2 Small ($100 Million to $499 Million)

      6.1.3 Medium ($500 Million to $1 Billion)

6.2 Large Scale Enterprise ($1.1 Billion and above)

7. Cyber Insurance Market, By Type of Coverages

7.1 First-Party Coverage

7.2 Third-Party Coverage

8. Cyber Insurance Market, By Vertical Industry

8.1 Financial Institutes

      8.1.1 Commercial Banking

      8.1.2 Investment Banking

8.2 Retail

8.3 Healthcare  

      8.3.1 Hospitality

      8.3.2 Nursing Homes

8.4 Professional and Business Services

8.5 Manufacturing                                              

      8.5.1 Electronic, Computer, Electrical, and Appliances              

8.6 Information Technology and services 

8.7 Others

9. Geographical Analysis

9.1. Introduction

9.2. North America

       9.2.1. U.S.

       9.2.2. Canada

       9.2.3. Mexico

9.3. Europe

       9.3.1. U.K.

       9.3.2. Germany

       9.3.3. Russia

       9.3.4. RoE

9.4. Asia Pacific

       9.4.1. South Korea

       9.4.2. China

       9.4.3. Japan

       9.4.4. RoAPAC

9.5. RoW

       9.5.1. Latin America

       9.5.2. Middle East and Africa

10. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

10.1 American International Group, Inc.

10.2 Chubb Limited

10.3 XL Group Limited

10.4 Beazley PLC

10.5 Allianz Group

10.6 Zurich Insurance Group

10.7 Munich Re Group

10.8 Berkshire Hathaway, Inc.

10.9 Aon Plc

(A brief overview of another 13 companies is also provided) 

11. Competitive Analysis

11.1. Introduction

11.2. Market Positioning of Key Players

11.3 Competitive Strategies Adopted by Leading Players

        11.3.1. Investments & Expansions

        11.3.2. New Product Launches

        11.3.3. Mergers & Acquisitions

        11.3.4. Agreements, Joint Ventures, and Partnerships

12. Appendix

12.1. Questionnaire

12.2. Available Customizations 

12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

Summary

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