Cyber Insurance Market Growth, Demand and Challenges of the Key Industry Players 2024-32
                     Global Cyber Insurance 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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A cc o r d i ng  t o  t h e  l a te s t  r e po r t  b y  I M A R C  G ro u p ,  t i t l e d  " C y b e r  I n s u r an c e  Ma r k e t :  
G l o b a l  I n d u s t r y  T r e n d s ,  S h a r e ,  S i z e ,  Gr o w th ,  O p p o r t u n i t y  a n d  F o r e c as t  2 0 2 4 -
20 3 2 , "  t h e  g l o b a l  c y b e r  i ns u r a n ce  m ar k e t  s i z e  r ea c h e d  U S $  11 . 9  B i l l i on  i n  2 0 23 .
C yb e r  i n s u r a n c e  i s  a n  i n s u r a n c e  p r o d u c t  de s i g n e d  t o  p r o t e c t  b u s i n es s e s  a ga i n s t  t he  
po t e n t i a l l y  d ev a s t a t i n g  e f f ec t s  o f  c yb e r c r i m e s ,  i n c l u d i n g  m a l w a re ,  r a n so m w a r e ,  a n d  
Report d i s t r i b u t ed  d en i a l - o f - s e r v i c e  ( D D o S )  a t t a c ks .  I t  p r e v en t s  t h e  c o mp r o m i s e  o f  n e t w o rk  
an d  se n s i t i v e  d a t a  s u c h  a s  s o c i a l  s e c u r i t y  n u m be r s ,  c r ed i t  ca r d  n u mb e r s ,  a c c o u n t  
nu m b e r s ,  d r i ve r s ’  l i ce n s e  nu m b e r s ,  a n d  h e a l th  r e c o r d s  b y  c o v e r i ng  th e  l i a b i l i t i e s  o f  t he  
Highlight and bu s i n e s s .  
C yb e r - a t t a c k s  h a r m  b u s i n e s s e s  b y  d i s r u p t i ng  bu s i n e s s e s ,  r e s u l t i ng  i n  r e g u l a t o r y  f i n e s ,  
Description l e g a l  p e n a l t i e s  a n d  a t t o r ne y  f e es ,  l o ss  o f  i n t e l l e c t u a l  p r o p e r t y ,  a nd  r e pu t a t i on a l  da m a g e .  A s  a  r e s u l t ,  c y b e r  i n s u r an c e  h a s  w i d e l y  b e en  a d o p t ed  b y  o r g a n i z a t i o n s  t o  
o f f e r  c o ve r a g e  f o r  p h y s i ca l  da m a ge  t o  h a r d w a r e  a n d  bu s i n e ss  i n c o me  l o s s .  I t  a l s o  
e f f e c t i v e l y  re d u c e s  th e  da m a ge  c au s e d  b y  a  b r ea c h  a n d  c o m p l em e n t s  t h e  o ve r a l l  c y b e r  
r i s k  m an a g e me n t  p l an .
R eq u e s t  f o r  a  P D F  sa m p l e  o f  t h i s  re p o r t :  
h t t p s : / /w w w . i ma r c g r o u p . co m / cy b e r - i ns u r a n c e - m ar k e t / r eq u e s ts a m p l e
Report Description
Global  Cyber  Insurance  Market  Trends :
The marke t  i s  p r imar i l y  d r i ven  by  the  r i s ing  impor tance  o f  cybe r  secur i t y  ac ross  the  g lobe .  Bes ides  th i s ,  t he  r i s ing  
awareness  abou t  bus iness  in te r rup t ion  (B I )  cyber  r i sks ,  coup led  w i th  the  g rowing  number  o f  manda to ry  leg is la t ion  
fo r  da ta  secur i t y  among d i f fe ren t  end-users ,  such  as  bank ing  and  hea l thca re ,  a re  p rope l l ing  the  adop t ion  o f  cyber  
insurance .  Nowadays ,  governmen t  regu la to ry  bod ies  and  law en fo rcement  agenc ies  a re  tak ing  numerous  
in i t i a t i ves  to  t i gh ten  da ta  secu r i t y  and  p ro tec t ion .  For  i ns tance ,  a  US  s ta te  assemb ly  has  in t roduced  a  b i l l  t o  
make  cybersecur i t y  i nsurance  manda to ry  to  regu la te  and  p ro tec t  t he  persona l  in fo rma t ion  o f  t he  c i t i zens .  
Moreover ,  va r ious  da ta  p r ivacy  laws ,  such  as  persona l ly  iden t i f i ab le  in fo rmat ion  (P I I ) ,  European  Un ion  (EU)  
Genera l  Da ta  Pro tec t ion  Regu la t ion  (GDPR) ,  and  the  Un i ted  S ta tes  hea l th  insu rance  por tab i l i t y  and  
accoun tab i l i t y  ac t  (H IPPA) ,  a re  in f l uenc ing  the  demand fo r  cyber  i nsurance  ac ross  the  g lobe .  In  add i t ion  to  th is ,  
inc reas ing  d ig i t i za t ion  and  the  deve lopment  o f  A I  and  b lockcha in  techno logy  a re  a l so  open ing  new g rowth  
avenues  fo r  t he  marke t .
View Repor t  TOC,  F igures  and  Tables :  h t tps: / /www. imarcgroup.com/cyber - insurance -marke t
Breakup by Component:
• Solution
• Services
 
Breakup by Insurance Type:
• Packaged
• Stand-alone
Report 
Segmentation Breakup by Organization Size:
• Small  and Medium Enterprises
• Large Enterprises
Breakup by End Use Industry:
• BFSI
• Healthcare
• IT and Telecom
• Retai l
• Others
Breakup by Region:
• North America
Report • Asia-Pacifi c
Segmentation • Europe
• Latin America
• Middle East and Afr ica
• All ianz Group
• American International Group Inc.
• AON Plc
Competitive • AXA XL
Landscape • Berkshire Hathaway Inc.
• Chubb Limited (ACE Limited)
with Key 
• Lockton Companies Inc.
Players • Munich ReGroup or Munich Reinsurance 
Company
• Lloyd's of London
• Zurich Insurance Company Limited
What was the size of the global cyber insurance 
market in 2023?
What is the expected growth rate of the global 
cyber insurance market during 2024-2032?
Key What are the key factors driving the global cyber 
insurance market?
Questions 
Answered in What has been the impact of COVID-19 on the global cyber insurance market?
the Report
What is the breakup of the global cyber insurance 
market based on the component?
What is the breakup of the global cyber insurance 
market based on the insurance type?
What is the breakup of the global cyber insurance 
market based on the organization size?
What is the breakup of the global cyber insurance 
market based on the end use industry?
Key What are the key regions in the global cyber 
insurance market?
Questions 
Answered in Who are the key players/companies in the global cyber insurance market?
the Report
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  C y b e r  I n s u r a n c e  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  C o m p o n e n t
    6 . 1     S o l u t i o n
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     S e r v i c e s
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  I n s u r a n c e  T y p e
    7 . 1     P a c k a g e d
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
       
    7 . 2     S t a n d - a l o n e
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  O r g a n i z a t i o n  S i z e
    8 . 1     S m a l l  a n d  M e d i u m  E n t e r p r i s e s
        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     L a r g e  E n t e r p r i s e s
        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
9    M a r k e t  B r e a k u p  b y  E n d  U s e  I n d u s t r y
    9 . 1     B F S I
Table of         9 . 1 . 1  M a r k e t  T r e n d s
        9 . 1 . 2  M a r k e t  F o r e c a s t
    9 . 2     H e a l t h c a r e
        9 . 2 . 1  M a r k e t  T r e n d s
Contents         9 . 2 . 2  M a r k e t  F o r e c a s t
    9 . 3     I T  a n d  T e l e c o m
        9 . 3 . 1  M a r k e t  T r e n d s
        9 . 3 . 2  M a r k e t  F o r e c a s t
    9 . 4     R e t a i l
        9 . 4 . 1  M a r k e t  T r e n d s
        9 . 4 . 2  M a r k e t  F o r e c a s t
    9 . 5     O t h e r s
        9 . 5 . 1  M a r k e t  T r e n d s
        9 . 5 . 2  M a r k e t  F o r e c a s t
1 0   M a r k e t  B r e a k u p  b y  R e g i o n
    1 0 . 1     N o r t h  A m e r i c a
        1 0 . 1 . 1  U n i t e d  S t a t e s
           1 0 . 1 . 1 . 1  M a r k e t  T r e n d s
           1 0 . 1 . 1 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. i m a rc g ro u p . c o m / c yb e r- i n s u r a n c e - m a r ke t / t o c
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