Cybersecurity Insurance Market by Component (Solutions and Services), Type (Standalone & Packaged), Coverage (Data Breach & Cyber Liability), Compliance Requirement, End User (Technology & Insurance) and Region - Global Forecast to 2028

Abstract
The Cybersecurity insurance market is estimated at USD 14.4 billion in 2023 and is projected to reach USD 33.4 billion by 2028, at a CAGR of 18.3% from 2023 to 2028. Cybersecurity insurance has become increasingly important for organizations due to stricter data protection and privacy regulations like GDPR in Europe and CCPA in California. These regulations place a higher responsibility on businesses to safeguard sensitive data. Cybersecurity insurance helps organizations comply with these regulations and provides financial protection in the event of non-compliance.

By end users, the insurance providers segment to hold the largest market size during the forecast period.

The increasing complexity of cyber risks due to the widespread use of connected devices emphasizes the significance of cybersecurity insurance solutions and services. This growing demand for insurance coverage has motivated providers to offer tailored cyber policies that address the unique needs of organizations. The majority of these insurance providers are based in the United States and include reputable companies such as Berkshire Hathaway, Fairfax Financial, Sompo International, Hartford, Tokio Marine, Zurich, Liberty Mutual, BCS Insurance, AXIS, CNA, Beazley, Travelers Insurance, AIG, AXA XL, and Chubb. These providers offer a diverse range of customizable cyber coverage options, ensuring organizations can find policies that align with their specific requirements. In addition, they provide round-the-clock claims filing services and valuable resources to aid in the recovery process following large-scale cyberattacks.

Based on services, the security awareness training segment is expected to register the fastest growth rate during the forecast period.

Security awareness training plays a crucial role in the emerging cybersecurity insurance market, as it helps to educate end users about the importance of this type of coverage. In August 2019, Cofense, a provider of intelligent phishing defense solutions, partnered with CNA, a property and casualty insurance company. As part of this collaboration, CNA policyholders gained access to Cofense solutions, including security awareness training.

This training was integrated into CNA's suite of cyber liability insurance products to enhance policyholders' understanding of cybersecurity risks. Another example is Zeguro, which offers a Security Training module that delivers monthly training modules, automated security training, and evaluates the cybersecurity knowledge of enterprises. This training assists employees in achieving compliance goals for regulations such as PCI-DSS, HIPAA, and GDPR.

"Asia Pacific to register the highest growth rate during the forecast period."

The Asia Pacific region, including countries like China, Japan, ANZ, and Singapore, is witnessing significant growth opportunities for the cybersecurity insurance market due to increasing security concerns and technological advancements. Asia Pacific faces higher cyber risks, with insecure interfaces, data breaches, and data losses being prominent threats. The region's rapid connectivity growth and digital transformation make it vulnerable to cyber exploitation.

The Chubb Asia Pacific SME Cyber Preparedness Report 2019 highlights SMEs' under-preparedness in managing cyber risks, while increasing regulatory developments drive the demand for cybersecurity insurance. Zurich Insurance predicts substantial market growth in Asia Pacific, with major players like AIG, Allianz, Chubb, and Zurich operating in the region.
Breakdown of primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies.

The break-up of the primaries is as follows:
•By Company Type: Tier 1 – 55%, Tier 2 – 30%, and Tier 3 – 15%
•By Designation: C-level –40%, D-level – 25%, and Others – 35%
•By Region: North America – 60%, Europe – 20%, Asia Pacific – 12%, Middle East & Africa– 6%, and Latin America– 2%.

The major players in the Cybersecurity insurance market are BitSight (US), Prevalent (US), RedSeal (US), SecurityScorecard (US), Cyber Indemnity Solutions (Australia), Cisco (US), UpGuard (US), Microsoft (US), Check Point (US), AttackIQ (US), SentinelOne (US), Broadcom (US), Accenture (Ireland), Cylance (US), FireEye (US), CyberArk (US), CYE (Israel), SecurIT360 (US), and Founder Shield (US). The insurance vendors covered in the cybersecurity insurance market are Allianz (Germany), AIG (US), Aon (UK), Arthur J. Gallagher & Co (US), Travelers Insurance (US), AXA XL (US), AXIS Capital (Bermuda), Beazley (UK), Chubb (Switzerland), CNA Financial (US), Fairfax Financial (Canada), Liberty Mutual (US), Lloyd’s of London (UK), Lockton (US), Munich Re Group (Germany), and Sompo International (Bermuda). The startup vendors covered in the cybersecurity insurance market are At-Bay (US), Cybernance (US), CyberCube (US), Coalition (US), Arceo.ai (US), Kovrr (Israel), Sayata Labs (Israel), Zeguro (US), RiskSense (US), SafeBreach (US), and Cronus Cyber Technologies (Israel). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, and product enhancements, and acquisitions to expand their footprint in the Cybersecurity insurance market.

Research Coverage
The market study covers the Cybersecurity insurance market size across different segments. It aims at estimating the market size and the growth potential across different segments, including offerings (solutions, and services), insurance coverage, insurance type, compliance requirements, end user, and region. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global Cybersecurity insurance market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market's pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
Analysis of key drivers (Surge in mandatory cybersecurity regulations and legislations to boost demand for insurance protection, High rate of recovery of financial losses to promote growth of cybersecurity insurance market, and Increase in the frequency and sophistication of cyber threats), restraints (Lack of awareness related to cybersecurity insurance and reluctance in choosing cybersecurity insurance over cybersecurity solutions, and Soaring cybersecurity insurance costs), opportunities (Exclusion of cybersecurity insurance cover from Property and Casualty (P&C) insurance, and Adoption of artificial intelligence and blockchain technology for risk analytics), and challenges (Cyber insurers grapple to gain traction despite soaring cybersecurity risks, Data privacy concerns, and Lack of understanding, technical knowledge, and absence of historical cyber data for effective underwriting) influencing the growth of the Cybersecurity insurance market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Cybersecurity insurance market. Market Development: Comprehensive information about lucrative markets – the report analyses the Cybersecurity insurance market across various regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Cybersecurity insurance market. Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like BitSight (US), Prevalent (US), RedSeal (US), SecurityScorecard (US), Cyber Indemnity Solutions (Australia), Cisco (US), UpGuard (US), Microsoft (US), Check Point (US), AttackIQ (US), SentinelOne (US), Broadcom (US), Accenture (Ireland), Cylance (US), FireEye (US), CyberArk (US), CYE (Israel), SecurIT360 (US).

Content
Table of Contents

1INTRODUCTION61
1.1STUDY OBJECTIVES61
1.2MARKET DEFINITION61
1.2.1INCLUSIONS & EXCLUSIONS61
1.3MARKET SCOPE63
1.3.1MARKET SEGMENTATION63
1.3.2REGIONAL SCOPE64
1.3.3YEARS CONSIDERED64
1.4CURRENCY CONSIDERED65
TABLE 1USD EXCHANGE RATES, 2019–202265
1.5SUMMARY OF CHANGES65
1.6STAKEHOLDERS66
2RESEARCH METHODOLOGY67
2.1RESEARCH DATA67
FIGURE 1CYBERSECURITY INSURANCE MARKET: RESEARCH DESIGN68
2.1.1SECONDARY DATA69
2.1.1.1Secondary sources69
2.1.2PRIMARY DATA70
2.1.2.1Breakup of primary profiles70
2.1.2.2Primary sources71
2.1.2.3Key industry insights72
2.2MARKET BREAKUP AND DATA TRIANGULATION73
2.3MARKET SIZE ESTIMATION74
2.3.1TOP-DOWN APPROACH74
FIGURE 2MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH74
2.3.2BOTTOM-UP APPROACH75
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH75
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY–APPROACH 1 (SUPPLY SIDE): REVENUE FROM SOLUTIONS/SERVICES OF CYBERSECURITY INSURANCE VENDORS76
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY–APPROACH 2, BOTTOM UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS, SERVICES, AND INSURANCE POLICIES OF CYBERSECURITY INSURANCE VENDORS76
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY–APPROACH 3, TOP DOWN (DEMAND SIDE): SHARE OF CYBERSECURITY INSURANCE IN OVERALL INFORMATION TECHNOLOGY MARKET77
2.4MARKET FORECAST78
TABLE 2FACTOR ANALYSIS78
2.5ASSUMPTIONS79
2.6LIMITATIONS80
2.7CYBERSECURITY INSURANCE MARKET: RECESSION IMPACT80
3EXECUTIVE SUMMARY82
3.1CYBERSECURITY INSURANCE COVERAGE82
FIGURE 7CYBERSECURITY INSURANCE MARKET SIZE, 2021–202883
FIGURE 8CYBERSECURITY INSURANCE MARKET: REGIONAL SNAPSHOT84
4PREMIUM INSIGHTS85
4.1ATTRACTIVE OPPORTUNITIES IN CYBERSECURITY INSURANCE MARKET85
FIGURE 9INCREASING CYBER AND RANSOMWARE ATTACKS TO DRIVE CYBERSECURITY INSURANCE MARKET GROWTH85
4.2NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY SOLUTION AND INSURANCE COVERAGE (2023)86
FIGURE 10CYBERSECURITY INSURANCE ANALYTICS PLATFORMS AND CYBER LIABILITY SEGMENT IN NORTH AMERICA TO ACCOUNT FOR LARGEST SHARES IN 202386
4.3EUROPE: CYBERSECURITY INSURANCE MARKET, BY SOLUTION AND INSURANCE COVERAGE (2023)86
FIGURE 11CYBERSECURITY INSURANCE ANALYTICS PLATFORMS AND CYBER LIABILITY SEGMENT IN EUROPE TO ACCOUNT FOR LARGEST SHARES IN 202386
4.4ASIA PACIFIC: CYBERSECURITY INSURANCE MARKET, BY SOLUTION AND INSURANCE COVERAGE (2023)87
FIGURE 12CYBERSECURITY INSURANCE ANALYTICS PLATFORMS AND CYBER LIABILITY SEGMENT IN APAC TO ACCOUNT FOR LARGEST SHARES IN 202387
FIGURE 13ASIA PACIFIC TO BE BEST MARKET FOR INVESTMENTS DURING FORECAST PERIOD87
5MARKET OVERVIEW AND INDUSTRY TRENDS88
5.1INTRODUCTION88
5.2MARKET DYNAMICS88
FIGURE 14DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: CYBERSECURITY INSURANCE MARKET88
5.2.1DRIVERS89
5.2.1.1Surge in mandatory cybersecurity regulations and legislations to boost demand for insurance protection89
5.2.1.2High rate of recovery of financial losses to promote cybersecurity insurance market growth89
5.2.1.3Increase in frequency and sophistication of cyber threats90
5.2.2RESTRAINTS90
5.2.2.1Lack of awareness related to cybersecurity insurance and reluctance in choosing cybersecurity insurance over cybersecurity solutions90
5.2.2.2Soaring cybersecurity insurance costs91
TABLE 3DIRECT WRITTEN PREMIUMS Y-O-Y GROWTH OF STANDALONE AND PACKAGE CYBERSECURITY INSURANCE UNDERWRITERS91
5.2.3OPPORTUNITIES91
5.2.3.1Exclusion of cybersecurity insurance cover from Property and Casualty (P&C) insurance91
5.2.3.2Adoption of artificial intelligence and blockchain technology for risk analytics92
5.2.4CHALLENGES92
5.2.4.1Cyber insurers grapple to gain traction despite soaring cybersecurity risks92
5.2.4.2Data privacy concerns92
5.2.4.3Lack of understanding, technical knowledge, and absence of historical cyber data for effective underwriting93
5.3INDUSTRY TRENDS93
5.3.1VALUE CHAIN ANALYSIS93
FIGURE 15CYBERSECURITY INSURANCE MARKET: VALUE CHAIN93
5.3.2BRIEF HISTORY OF CYBERSECURITY INSURANCE SOLUTIONS94
FIGURE 16EVOLUTION OF CYBERSECURITY INSURANCE SOLUTIONS94
5.3.2.11990s95
5.3.2.22000s95
5.3.2.32010s95
5.3.2.42020s-Present95
5.3.3ECOSYSTEM95
FIGURE 17CYBERSECURITY INSURANCE MARKET: ECOSYSTEM96
TABLE 4CYBERSECURITY INSURANCE MARKET: ECOSYSTEM96
5.3.4CYBERSECURITY INSURANCE TOOLS, FRAMEWORKS, AND TECHNIQUES98
5.3.5BUSINESS MODEL98
5.3.6PORTER’S FIVE FORCES MODEL99
TABLE 5IMPACT OF PORTER’S FIVE FORCES ON CYBERSECURITY INSURANCE MARKET99
5.3.6.1Threat of new entrants100
5.3.6.2Threat of substitutes100
5.3.6.3Bargaining power of suppliers100
5.3.6.4Bargaining power of buyers100
5.3.6.5Intensity of competitive rivalry100
5.3.7IMPACT OF CYBERSECURITY INSURANCE ON ADJACENT NICHE TECHNOLOGIES101
5.3.7.1Internet of Things (IoT) Security101
5.3.7.2Cloud Computing Security101
5.3.7.3Artificial Intelligence (AI) Security101
5.3.7.4Blockchain Security101
5.3.7.5Biometric Security101
5.3.8KEY STAKEHOLDERS AND BUYING CRITERIA102
5.3.8.1KEY STAKEHOLDERS IN BUYING PROCESS102
FIGURE 18INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USER INSURANCE PROVIDERS102
TABLE 6INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USER INSURANCE PROVIDERS (%)102
5.3.8.2BUYING CRITERIA102
FIGURE 19KEY BUYING CRITERIA FOR TOP THREE END USER INSURANCE PROVIDERS102
TABLE 7KEY BUYING CRITERIA FOR TOP THREE END USER INSURANCE PROVIDERS103
5.3.9TECHNOLOGY ANALYSIS103
5.3.9.1Adjacent technologies103
5.3.9.1.1Artificial Intelligence and Machine Learning103
5.3.9.1.2Big Data Analytics104
5.3.9.1.3Internet of Things Security104
5.3.9.1.4Blockchain104
5.3.9.1.5Cloud105
5.3.9.2Related Technologies105
5.3.9.2.1Risk Assessment105
5.3.9.2.2Threat Intelligence105
5.3.9.2.3Load Security Monitoring and Analytics105
5.3.9.2.4Data Breach Response106
5.3.10FUTURE OF CYBERSECURITY INSURANCE MARKET LANDSCAPE106
5.3.11TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES107
FIGURE 20REVENUE SHIFT IN CYBERSECURITY INSURANCE MARKET107
5.3.12BEST PRACTICES OF CYBERSECURITY INSURANCE MARKET107
5.3.13PATENT ANALYSIS108
5.3.13.1Methodology108
5.3.13.2Document type108
TABLE 8PATENTS FILED, 2020–2023108
5.3.13.3Innovation and patent applications108
FIGURE 21TOTAL NUMBER OF PATENTS GRANTED, 2020–2023108
5.3.13.4Top applicants109
FIGURE 22TOP TEN PATENT APPLICANTS, 2020–2023109
5.3.14PRICING MODEL ANALYSIS109
5.3.14.1Average selling price trends109
5.3.15CYBERSECURITY INSURANCE AVERAGE SELLING PRICE FOR SMES109
FIGURE 23CYBERSECURITY INSURANCE AVERAGE SELLING PRICE TREND IN SMES109
FIGURE 24CYBERSECURITY INSURANCE AVERAGE SELLING PRICE, BY EMPLOYEE SIZE110
5.3.16TREND OF CYBERSECURITY INSURANCE PREMIUMS110
TABLE 9CYBERSECURITY INSURANCE PREMIUM TRENDS110
5.3.17CASE STUDY ANALYSIS110
5.3.17.1SecurityScorecard helped cyber insurance provider better understand customer risk111
5.3.17.2European financial service providers leveraged BitSight for security performance management111
5.3.17.3Country Mutual Insurance Company leveraged CyberArk’s privileged security access platform112
5.3.17.4Global 500 insurance company chose Prevalent’s third-party risk management solution112
5.3.17.5AON secured financial institution’s funds and data from third-party cyber risks113
5.3.17.6Chubb’s cybersecurity insurance cover assisted SME in recovering financial losses113
5.3.18KEY CONFERENCES & EVENTS IN 2023114
5.3.18.1Cybersecurity insurance market: Detailed list of conferences & events114
5.3.19REGULATORY COMPLIANCES114
5.3.19.1Regulatory bodies, government agencies, and other organizations115
TABLE 10NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS115
TABLE 11EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS115
TABLE 12ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS116
5.3.19.2General Data Protection Regulation116
5.3.19.3Payment Card Industry-Data Security Standard117
5.3.19.4Health Insurance Portability and Accountability Act117
5.3.19.5Federal Information Security Management Act117
5.3.19.6Gramm-Leach-Bliley Act117
5.3.19.7Sarbanes-Oxley Act118
5.3.19.8International Organization for Standardization 27001118
6CYBERSECURITY INSURANCE MARKET, BY OFFERING119
6.1INTRODUCTION120
6.1.1OFFERING: CYBERSECURITY INSURANCE MARKET DRIVERS120
FIGURE 25SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD120
TABLE 13CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)121
TABLE 14CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2023–2028 (USD MILLION)121
TABLE 15OFFERING: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)121
TABLE 16OFFERING: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)121
6.2SOLUTIONS122
6.2.1CYBERSECURITY INSURANCE SOLUTIONS TO PROVIDE HIGH DATA SECURITY AND PREVENT DATA BREACHES122
FIGURE 26DISASTER RECOVERY AND BUSINESS CONTINUITY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD122
TABLE 17CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2018–2022 (USD MILLION)122
TABLE 18CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2023–2028 (USD MILLION)123
TABLE 19SOLUTIONS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)123
TABLE 20SOLUTIONS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)123
6.2.2CYBERSECURITY INSURANCE ANALYTICS PLATFORMS124
TABLE 21CYBERSECURITY INSURANCE ANALYTICS PLATFORMS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)124
TABLE 22CYBERSECURITY INSURANCE ANALYTICS PLATFORMS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)124
6.2.3DISASTER RECOVERY AND BUSINESS CONTINUITY125
TABLE 23DISASTER RECOVERY AND BUSINESS CONTINUITY: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)125
TABLE 24DISASTER RECOVERY AND BUSINESS CONTINUITY: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)125
6.2.4CYBERSECURITY SOLUTIONS125
6.2.4.1Cyber risk and vulnerability assessment126
6.2.4.2Cybersecurity resilience126
TABLE 25CYBERSECURITY SOLUTIONS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)126
TABLE 26CYBERSECURITY SOLUTIONS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)127
6.3SERVICES127
6.3.1NEED FOR PROFESSIONAL CONSULTANTS TO PROVIDE 24/7 SERVICE RESPONSE127
FIGURE 27SECURITY AWARENESS TRAINING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD127
TABLE 27CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2018–2022 (USD MILLION)128
TABLE 28CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2023–2028 (USD MILLION)128
TABLE 29SERVICES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)128
TABLE 30SERVICES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)129
6.3.2CONSULTING/ADVISORY129
TABLE 31CONSULTING/ADVISORY: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)129
TABLE 32CONSULTING/ADVISORY: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)130
6.3.3SECURITY AWARENESS TRAINING130
TABLE 33SECURITY AWARENESS TRAINING: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)130
TABLE 34SECURITY AWARENESS TRAINING: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)131
6.3.4OTHER SERVICES131
TABLE 35OTHER SERVICES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)131
TABLE 36OTHER SERVICES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)132
7CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE133
7.1INTRODUCTION134
7.1.1INSURANCE COVERAGE: CYBERSECURITY INSURANCE MARKET DRIVERS134
FIGURE 28DATA BREACH SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD134
TABLE 37CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)135
TABLE 38CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)135
TABLE 39INSURANCE COVERAGE: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)135
TABLE 40INSURANCE COVERAGE: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)135
7.2DATA BREACH136
7.2.1CYBERSECURITY INSURANCE COVERAGE TO PROTECT BUSINESSES AGAINST SECURITY AND CYBER BREACHES136
TABLE 41DATA BREACH: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)136
TABLE 42DATA BREACH: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)136
7.2.2DATA LOSS137
7.2.3DENIAL OF SERVICE AND DOWNTIME137
7.2.4RANSOMWARE ATTACKS137
7.3CYBER LIABILITY137
7.3.1CYBERSECURITY INSURANCE TO COVER CYBER LIABILITY, REDUCING DATA RECOVERY COST FROM DATA BREACHES AND CYBERATTACKS137
TABLE 43CYBER LIABILITY: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)138
TABLE 44CYBER LIABILITY: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)138
7.3.2TYPES OF CYBER LIABILITIES138
7.3.2.1Data protection and privacy costs138
7.3.2.2Non-compliance penalty139
7.3.2.3Brand and related intellectual property protection139
7.3.2.4Other cyber liability types139
7.3.3SOURCE/TARGET OF CYBER LIABILITIES139
7.3.3.1Internal139
7.3.3.2External140
8CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE141
8.1INTRODUCTION142
8.1.1INSURANCE TYPE: CYBERSECURITY INSURANCE MARKET DRIVERS142
FIGURE 29PACKAGED SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD142
TABLE 45CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)143
TABLE 46CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)143
TABLE 47INSURANCE TYPE: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)143
TABLE 48INSURANCE TYPE: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)143
8.2PACKAGED144
8.2.1PACKAGED INSURANCE TO ENHANCE DIGITAL TRANSFORMATION AND SUPPORT TRADITIONAL POLICIES144
TABLE 49PACKAGED: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)144
TABLE 50PACKAGED: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)144
8.3STANDALONE145
8.3.1STANDALONE INSURANCE TO MANAGE COMPLEX CYBER RISKS AND IMPROVE CYBER RISK PROTECTION145
TABLE 51STANDALONE: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)145
TABLE 52STANDALONE: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)145
9CYBERSECURITY INSURANCE MARKET, BY COMPLIANCE REQUIREMENT146
9.1INTRODUCTION146
9.1.1COMPLIANCE REQUIREMENT: CYBERSECURITY INSURANCE MARKET DRIVERS146
9.2HEALTHCARE COMPLIANCE146
9.3FINANCIAL SERVICES COMPLIANCE147
9.4GDPR COMPLIANCE147
9.5DATA PRIVACY COMPLIANCE147
9.6OTHER COMPLIANCES148
10CYBERSECURITY INSURANCE MARKET, BY END USER149
10.1INTRODUCTION150
10.1.1END USER: CYBERSECURITY INSURANCE MARKET DRIVERS150
FIGURE 30TECHNOLOGY PROVIDER SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD150
TABLE 53CYBERSECURITY INSURANCE MARKET, BY END USER, 2018–2022 (USD MILLION)150
TABLE 54CYBERSECURITY INSURANCE MARKET, BY END USER, 2023–2028 (USD MILLION)151
TABLE 55END USER: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)151
TABLE 56END USER: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)151
10.2TECHNOLOGY PROVIDERS152
10.2.1TECHNOLOGY PROVIDERS TO HELP INSURANCE INDUSTRY ASSESS ITS CYBERSECURITY RISKS152
FIGURE 31GOVERNMENT AGENCIES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD152
TABLE 57CYBERSECURITY INSURANCE MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)152
TABLE 58CYBERSECURITY INSURANCE MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)153
TABLE 59TECHNOLOGY PROVIDERS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)153
TABLE 60TECHNOLOGY PROVIDERS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)153
10.2.2INSURANCE COMPANIES154
10.2.3INSURANCE COMPANIES: CYBERSECURITY INSURANCE APPLICATIONS154
10.2.3.1Data Breach Protection154
10.2.3.2Business Interruption Coverage154
10.2.3.3Ransomware Protection154
TABLE 61INSURANCE COMPANIES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)155
TABLE 62INSURANCE COMPANIES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)155
10.2.4THIRD-PARTY ADMINISTRATORS (TPAS), BROKERS, AND CONSULTANCIES155
10.2.5THIRD-PARTY ADMINISTRATORS (TPAS), BROKERS, AND CONSULTANCIES: CYBERSECURITY INSURANCE APPLICATIONS156
10.2.5.1Policy Administration (TPAs)156
10.2.5.2Claim Advocacy (Brokers)156
10.2.5.3Risk Assessment and Mitigation (Consultancies)156
TABLE 63THIRD-PARTY ADMINISTRATORS, BROKERS, AND CONSULTANCIES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)156
TABLE 64THIRD-PARTY ADMINISTRATORS, BROKERS, AND CONSULTANCIES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)157
10.2.6GOVERNMENT AGENCIES157
10.2.7GOVERNMENT AGENCIES: CYBERSECURITY INSURANCE APPLICATIONS157
10.2.7.1Data Breach Protection157
10.2.7.2Business Interruption Coverage158
10.2.7.3Ransomware Protection158
TABLE 65GOVERNMENT AGENCIES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)158
TABLE 66GOVERNMENT AGENCIES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)158
10.3INSURANCE PROVIDERS159
10.3.1INSURANCE PROVIDERS TO UNDERWRITE INSURANCE POLICIES FOR IMPROVING CYBERSECURITY SYSTEMS OF ORGANIZATIONS159
FIGURE 32FINANCIAL SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD159
TABLE 67CYBERSECURITY INSURANCE MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)159
TABLE 68CYBERSECURITY INSURANCE MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)160
TABLE 69INSURANCE PROVIDERS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)160
TABLE 70INSURANCE PROVIDERS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)160
10.3.2FINANCIAL SERVICES161
10.3.3FINANCIAL SERVICES: CYBERSECURITY INSURANCE APPLICATIONS161
10.3.3.1Risk Assessment and Mitigation161
10.3.3.2Cyber Extortion Coverage161
10.3.3.3Ransomware Protection161
TABLE 71FINANCIAL SERVICES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)162
TABLE 72FINANCIAL SERVICES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)162
10.3.4IT AND ITES162
10.3.5IT AND ITES: CYBERSECURITY INSURANCE APPLICATIONS163
10.3.5.1Protection for Sensitive Client Data163
10.3.5.2Intellectual Property Protection163
10.3.5.3Comprehensive Coverage for IT Infrastructure163
TABLE 73IT AND ITES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)163
TABLE 74IT AND ITES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)163
10.3.6HEALTHCARE AND LIFE SCIENCES164
10.3.7HEALTHCARE AND LIFE SCIENCES: CYBERSECURITY INSURANCE APPLICATIONS164
10.3.7.1Protected Health Information (PHI) Data Breach Coverage164
10.3.7.2Regulatory Compliance Support164
10.3.7.3Cybersecurity Incident Response Support164
TABLE 75HEALTHCARE AND LIFE SCIENCES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)165
TABLE 76HEALTHCARE AND LIFE SCIENCES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)165
10.3.8RETAIL AND ECOMMERCE165
10.3.9RETAIL AND ECOMMERCE: CYBERSECURITY INSURANCE APPLICATIONS166
10.3.9.1Ecommerce Website Protection166
10.3.9.2Supply Chain Cyber Risk Coverage166
10.3.9.3Brand Reputation Management166
TABLE 77RETAIL AND ECOMMERCE: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)166
TABLE 78RETAIL AND ECOMMERCE: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)167
10.3.10TELECOM167
10.3.11TELECOM: CYBERSECURITY INSURANCE APPLICATIONS167
10.3.11.1Network Security Coverage167
10.3.11.2Communication Infrastructure Protection167
10.3.11.3Customer Notification and Support168
TABLE 79TELECOM: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)168
TABLE 80TELECOM: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)168
10.3.12TRAVEL, TOURISM, AND HOSPITALITY168
10.3.13TRAVEL, TOURISM, AND HOSPITALITY: CYBERSECURITY INSURANCE APPLICATIONS169
10.3.13.1Reservation System and Booking Protection169
10.3.13.2Payment Card Data Protection169
10.3.13.3Data Breach Notification Costs169
TABLE 81TRAVEL, TOURISM, AND HOSPITALITY: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)169
TABLE 82TRAVEL, TOURISM, AND HOSPITALITY: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)170
10.3.14OTHER INSURANCE PROVIDERS170
TABLE 83OTHER INSURANCE PROVIDERS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)171
TABLE 84OTHER INSURANCE PROVIDERS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)171
11CYBERSECURITY INSURANCE MARKET, BY REGION172
11.1INTRODUCTION173
FIGURE 33ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD173
TABLE 85CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)174
TABLE 86CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)174
11.2NORTH AMERICA174
11.2.1NORTH AMERICA: CYBERSECURITY INSURANCE MARKET DRIVERS174
11.2.2NORTH AMERICA: RECESSION IMPACT175
FIGURE 34NORTH AMERICA: MARKET SNAPSHOT175
TABLE 87NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY CYBER INSURANCE, 2018–2022 (USD MILLION)176
TABLE 88NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY CYBER INSURANCE, 2023–2028 (USD MILLION)176
TABLE 89NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)176
TABLE 90NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2023–2028 (USD MILLION)176
TABLE 91NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2018–2022 (USD MILLION)177
TABLE 92NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2023–2028 (USD MILLION)177
TABLE 93NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2018–2022 (USD MILLION)177
TABLE 94NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2023–2028 (USD MILLION)178
TABLE 95NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)178
TABLE 96NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)178
TABLE 97NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)178
TABLE 98NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)179
TABLE 99NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY END USER, 2018–2022 (USD MILLION)179
TABLE 100NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY END USER, 2023–2028 (USD MILLION)179
TABLE 101NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)179
TABLE 102NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)180
TABLE 103NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)180
TABLE 104NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)180
TABLE 105NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY COUNTRY, 2018–2022 (USD MILLION)181
TABLE 106NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)181
11.2.3US181
11.2.3.1Numerous laws and regulations promoting proactive incorporation of cybersecurity insurance policy cover in US to drive market181
TABLE 107US: CYBERSECURITY INSURANCE MARKET, BY CYBER INSURANCE, 2018–2022 (USD MILLION)181
TABLE 108US: CYBERSECURITY INSURANCE MARKET, BY CYBER INSURANCE, 2023–2028 (USD MILLION)182
TABLE 109US: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)182
TABLE 110US: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2023–2028 (USD MILLION)182
TABLE 111US: CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2018–2022 (USD MILLION)182
TABLE 112US: CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2023–2028 (USD MILLION)183
TABLE 113US: CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2018–2022 (USD MILLION)183
TABLE 114US: CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2023–2028 (USD MILLION)183
TABLE 115US: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)184
TABLE 116US: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)184
TABLE 117US: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)184
TABLE 118US: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)184
TABLE 119US: CYBERSECURITY INSURANCE MARKET, BY END USER, 2018–2022 (USD MILLION)185
TABLE 120US: CYBERSECURITY INSURANCE MARKET, BY END USER, 2023–2028 (USD MILLION)185
TABLE 121US: CYBERSECURITY INSURANCE MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)185
TABLE 122US: CYBERSECURITY INSURANCE MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)185
TABLE 123US: CYBERSECURITY INSURANCE MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)186
TABLE 124US: CYBERSECURITY INSURANCE MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)186
11.2.4CANADA187
11.2.4.1Presence of prominent cybersecurity insurance providers in Canada to drive market187
TABLE 125CANADA: CYBERSECURITY INSURANCE MARKET, BY CYBER INSURANCE, 2018–2022 (USD MILLION)187
TABLE 126CANADA: CYBERSECURITY INSURANCE MARKET, BY CYBER INSURANCE, 2023–2028 (USD MILLION)187
TABLE 127CANADA: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)187
TABLE 128CANADA: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2023–2028 (USD MILLION)188
TABLE 129CANADA: CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2018–2022 (USD MILLION)188
TABLE 130CANADA: CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2023–2028 (USD MILLION)188
TABLE 131CANADA: CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2018–2022 (USD MILLION)188
TABLE 132CANADA: CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2023–2028 (USD MILLION)189
TABLE 133CANADA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)189
TABLE 134CANADA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)189
TABLE 135CANADA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)189
TABLE 136CANADA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)190
TABLE 137CANADA: CYBERSECURITY INSURANCE MARKET, BY END USER, 2018–2022 (USD MILLION)190
TABLE 138CANADA: CYBERSECURITY INSURANCE MARKET, BY END USER, 2023–2028 (USD MILLION)190
TABLE 139CANADA: CYBERSECURITY INSURANCE MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)190
TABLE 140CANADA: CYBERSECURITY INSURANCE MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)191
TABLE 141CANADA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)191
TABLE 142CANADA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)191
11.3EUROPE192
11.3.1EUROPE: CYBERSECURITY INSURANCE MARKET DRIVERS192
11.3.2EUROPE: RECESSION IMPACT192
TABLE 143EUROPE: CYBERSECURITY INSURANCE MARKET, BY CYBER INSURANCE, 2018–2022 (USD MILLION)193
TABLE 144EUROPE: CYBERSECURITY INSURANCE MARKET, BY CYBER INSURANCE, 2023–2028 (USD MILLION)193
TABLE 145EUROPE: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)193
TABLE 146EUROPE: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2023–2028 (USD MILLION)193
TABLE 147EUROPE: CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2018–2022 (USD MILLION)194
TABLE 148EUROPE: CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2023–2028 (USD MILLION)194
TABLE 149EUROPE: CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2018–2022 (USD MILLION)194
TABLE 150EUROPE: CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2023–2028 (USD MILLION)195
TABLE 151EUROPE: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)195
TABLE 152EUROPE: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)195
TABLE 153EUROPE: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)195
TABLE 154EUROPE: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)196
TABLE 155EUROPE: CYBERSECURITY INSURANCE MARKET, BY END USER, 2018–2022 (USD MILLION)196
TABLE 156EUROPE: CYBERSECURITY INSURANCE MARKET, BY END USER, 2023–2028 (USD MILLION)196
TABLE 157EUROPE: CYBERSECURITY INSURANCE MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)196
TABLE 158EUROPE: CYBERSECURITY INSURANCE MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)197
TABLE 159EUROPE: CYBERSECURITY INSURANCE MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)197
TABLE 160EUROPE: CYBERSECURITY INSURANCE MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)197
TABLE 161EUROPE: CYBERSECURITY INSURANCE MARKET, BY COUNTRY, 2018–2022 (USD MILLION)198
TABLE 162EUROPE: CYBERSECURITY INSURANCE MARKET, BY COUNTRY, 2023–2028 (USD MILLION)198
11.3.3UK198
11.3.3.1Cyber insurance in UK to be comparatively affordable measure against data breaches with cyber extortion cover, recovery, and compliance costs198
TABLE 163UK: CYBERSECURITY INSURANCE MARKET, BY CYBER INSURANCE, 2018–2022 (USD MILLION)199
TABLE 164UK: CYBERSECURITY INSURANCE MARKET, BY CYBER INSURANCE, 2023–2028 (USD MILLION)199
TABLE 165UK: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)199
TABLE 166UK: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2023–2028 (USD MILLION)199
TABLE 167UK: CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2018–2022 (USD MILLION)200
TABLE 168UK: CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2023–2028 (USD MILLION)200
TABLE 169UK: CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2018–2022 (USD MILLION)200
TABLE 170UK: CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2023–2028 (USD MILLION)201
TABLE 171UK: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)201
TABLE 172UK: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)201
TABLE 173UK: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)201
TABLE 174UK: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)202
TABLE 175UK: CYBERSECURITY INSURANCE MARKET, BY END USER, 2018–2022 (USD MILLION)202
TABLE 176UK: CYBERSECURITY INSURANCE MARKET, BY END USER, 2023–2028 (USD MILLION)202
TABLE 177UK: CYBERSECURITY INSURANCE MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)202
TABLE 178UK: CYBERSECURITY INSURANCE MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)203
TABLE 179UK: CYBERSECURITY INSURANCE MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)203
TABLE 180UK: CYBERSECURITY INSURANCE MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)203
11.3.4GERMANY204