Press Release

Visiongain Ltd.

Cyber Insurance Market Report Up to 2031

October 19th, 2021 12:00 AM

Visiongain has published a new report entitled the Cyber Insurance Market from 2021-2031. It includes profiles of Cyber Insurance and Forecasts Market Segment by Type (Standalone Insurance, Packaged Insurance) Market Segment by Cyber Event (Data-Malicious Breach, Unauthorized/Unintentional Disclosure, Physical Damage, Website Disruption, Phishing/Spoofing, Skimming/Tampering) Market Segment by Coverage (Data Breach, Data Loss, Denial of Service/Down-time, Ransom ware Attacks, Other Coverage) Market Segment by Liability (Data Protection and Cyber Liability, Media Liability, Wrongful Data Collection, Infringement/Defamatory Content, Violation of Notification Obligations, Other Liability) Market Segment by End-User (Financial Institutions, IT and ITES, Telecom Industry, Energy & Utilities, Media & Entertainment, Other End-User) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.

Cyber risk is far more than a data breach, as traditional insurance companies quickly understand. Hackers and/or system failures can cause physical damage, accidents, and theft, and digital technology has introduced a wide range of unexpected hazards that undermine existing insurance coverage. As a result of this development, cyber insurers can gain market share from established competitors.

Download Exclusive Sample of Report @

How has COVID-19 had a significant negative impact on the Cyber Insurance Market?

Increased dangers and remote work caused by the corona virus epidemic make numerous organizations more vulnerable to cybercrime assaults. The change in the risk equation will increase cyber insurers’ examination of the security arrangements of policyholders. More monitoring could lead to higher insurance premiums or even company denials. Cyber risks potential was heightened by the COVID-19 outbreak. Phishing attempts continue to increase as bad actors are using COVID-related attractions to exploit consumers’ anxieties and their quest for pandemic information. Simultaneously, a remote work force might extend the attack surface of the organization utilizing less secure home networks and personal devices. This increases the probability of cyber-crimes being used by people from home to hack their credentials with phishing emails and other severe distress. In addition, insurers are becoming more proactive and inform policy holders to new exposures and network vulnerability that can cause a violation – before the cyber threat becomes devastating and causing significant financial losses.

How this Report will benefit you?

Visiongain’s 577+ page report provides 381 tables and 356 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global cyber insurance market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Cyber Insurance. Get the financial analysis of the overall market and different segments including type, coverage, liability, end-user and capture higher market share? We believe that high opportunity remains in this fast-growing cyber insurance market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits soon. Moreover, the report would help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximize the productivity of the company.

What are the current market drivers?

Reinsurance plays a vital role in enabling an insurance market to grow

Reinsurance plays a vital role in enabling an insurance market to grow, particularly if insurers must cope with a new and unrecognized risk such as cyber risk. Global cyber reinsurance market is estimated to be worth $525m. Most insurers (95%) buy proportional quota share reinsurance contracts, which are typical on immature markets, but due to intense competition non-proportional (Excess-of-Loss) structures are emerging. The portion of retained cyber risk in XL contracts varies across insurance companies.

Cyber Insurance Sector Is Undergoing Several Waves of Development to Expand from Digital Assets to Encompass Physical Asset

Technology introduces a new set of hazards to both tangible and intangible assets, many of which are not covered by existing insurance policies, leaving businesses of all sizes vulnerable to cyber threats. Cyber insurance, as it has been described in the past, has primarily focused on digital assets such as customer data. Many traditional insurance lines, such as home, property, energy, and aviation, are migrating to cyber insurance by proxy as the magnitude, frequency, and effect of cyber catastrophes grows. Interviews with industry experts back up this trend, predicting that the cyber insurance industry will extend from digital assets to include physical assets, as well as other asset classes including reputation, intellectual property, and business disruption, in numerous waves.

Where are the market opportunities?

Moving from risk Indemnification to Holistic Protection

Cyber resilience strategies must be solid and constantly evolving for major corporations and SMEs alike to protect themselves against an ever-changing risk landscape. Insurers, in opinion, now have the chance to provide innovative and distinctive offerings that take a comprehensive approach to their clients’ cyber security needs. Insurers may boost the value of their cyber security products by expanding services and mindsets beyond risk indemnification, decreasing the threat of cyber assaults, and speeding up the recovery process. They also have a significant chance to differentiate, establish a competitive edge, and develop their business by doing so, while also enhancing consumer connection and engagement.

Get Detailed TOC @

Transitioning from cyber to intangible asset insurance to cover non-cyber perils

Some market participants believe cyber insurance is inextricably linked to intangible asset insurance in general. As a result, harm to intangible assets with noncyber risks, which is rarely covered by traditional insurance, could be a natural future evolution of cyber insurance. Insurers would need to create new capabilities, have a better grasp of non-cyber hazards, and make use of their crisis management services to compete in this area. This could be a difficult task, but the rewards could be substantial.

Competitive Landscape

The major players operating in the cyber insurance market are Allianz SE Financial Services Company, American International Group, Inc, Aon Insurance Company, Aspen Insurance Holdings Limited, AXA SA, AXIS Capital Holding Limited Company, Beazley PLC, Berkshire Hathaway Inc, Chubb Ltd, CNA Financial Insurance Company, Hartford Insurance Group, Legal & General Financial services, Lloyd’s of London Insurance Company, Lockton Companies, Muenchener Rueckvrschrng Gslchft AG, W. R. Berkley Insurance Group, Zurich Insurance Group, Markel Corporation, Alleghany Corporation, BCS Financial Corporation, These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.

In this report tells you TODAY how the cyber insurance market will develop in the next 10 years, and in-line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.

To access the data contained in this document please email

Information found nowhere else
with our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the Cyber Insurance Market and leading companies. You will find data, trends, and predictions.

Find more Visiongain’s research reports of Insurance Sector click on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help:

About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports mean that you can have a bespoke piece of market intelligence customized to your very own business needs.


Catherine Walker
PR at Visiongain Inc.
Tel: + 44 0207 336 6100
USA Tel: + 1 718 682 4567
EU Tel: + 353 1 695 0006
Toll Free: 00-1-646-396-5129
Follow Us: LinkedIn | Twitter

SOURCE Visiongain Limited.

Press Release

  • Recent
  • Popular
  • Comments
  • Laboratory Robotics Market scope and overview, CAGR, volume and value 2021-2027

    Learn More
  • Telepharmacy Market Overview with Detailed Analysis, Competitive landscape Forecast to 2027

    Learn More
  • Closed System Drug Transfer Device Market Companies, Trends, Growth Factors and Global Industry Overlook during Forecast Period

    Learn More
  • Fluid Management Systems Market Growth, Sales Revenue, Competitive Landscape and Industry Expansion Strategies 2028

    Learn More
  • IBM Watson Services Market 2021-2028: Industry Analysis and Forecast

    Learn More
  • Lithium-Ion Battery Cathode Market Regional Analysis, Competitive Landscape and Forecast to 2028

    Learn More
  • Laboratory Robotics Market scope and overview, CAGR, volume and value 2021-2027

    Learn More
  • Visiongain Publishes Directed Energy Weapons (DEW) Market Report 2021-2031

    Learn More