Cyber Liability Insurance Market Scope And Analysis

Report Code : TIPRE00039048
Category : Banking, Financial Services, and Insurance

No. of Pages : 150

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Cyber Liability Insurance Market Scope and Analysis Report by 2031

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Cyber Liability Insurance Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 4.67 Billion
Market Size by 2031	US$ 19.07 Billion
Global CAGR (2023 - 2031)	19.24%
Historical Data	2021-2023
Forecast period	2023-2031
Segments Covered	By Coverage First-party coverage and Third-party coverage By Enterprise Size SMEs and Large Enterprises By End user BFSI IT and ITES Retail and E-commerce Travel and Tourism Hospitality
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	AIG AmTrust Financial AXA SA Chubb GEICO Hiscox Inc Nationwide Mutual Insurance Company Progressive Casualty Insurance Company The Hartford

The "Cyber Liability Insurance Market Analysis" was carried out based on coverage, vehicle type, application, and geography. In terms of coverage, the market is segmented into first-party coverage and third-party coverage. Based on Enterprise Size, the market is segmented into SMEs and large enterprises. Based on end user, the market is segmented into BFSI, IT and ITES, retail and e-commerce, travel and tourism, hospitality, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Cyber Liability Insurance Market News and Recent Developments

Companies adopt inorganic and organic strategies such as mergers and acquisitions in the market. The cyber liability insurance market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. A few recent key market developments are listed below:

In February 2024, RT Specialty, the wholesale distribution division of Ryan Specialty, a leading international specialty insurance firm, announced the addition of Cyber Liability to its proprietary digital platform, RT Connector.

[Source: Ryan Specialty, LLC, Company Website]

In July 2023, Risk Strategies, an insurance brokerage, and risk management company, introduced its Cyber Risk Management Platform (RMP), a novel service offering focused on cyber risk management. This platform goes beyond traditional external vulnerability scans by providing clients with practical recommendations to strengthen their cyber defenses.

[Source: Risk Strategies, Company Website]

Cyber Liability Insurance Market Report Coverage & Deliverables

The market report “Cyber Liability Insurance Market Size and Forecast (2021–2031)”, provides a detailed analysis of the market covering below areas: -

Market size & forecast at global, regional, and country level for all the key market segments covered under the scope.
Market dynamics such as drivers, restraints, and key opportunities.
Key future trends.
Detailed PEST & SWOT analysis
Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
Detailed company profiles.