Cybersecurity Insurance Market

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

Report Code: TC 7758 Jul, 2023, by marketsandmarkets.com

[373 Pages Report] The cybersecurity insurance market size is projected to grow from USD 10.3 billion in 2023 to USD 17.6 billion by 2028, at a CAGR of 11.4% during the forecast period. As digital transformation advances, the expanded use of digital technologies and emerging tech increases the vulnerability to cyber threats. Cybersecurity insurance assists organizations in managing and mitigating these risks.

Cybersecurity Insurance Market

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Cybersecurity Insurance Market

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Cybersecurity Insurance Market Dynamics

Driver: Increase in frequency and sophistication of cyber threats

Instances of massive cyberattacks are on the rise globally, causing substantial financial losses for individuals, enterprises, and governments. Cybercriminals target various IT infrastructure, aiming for political, financial, reputational, or radical interests. Ransomwares like WannaCry, Petya, NotPetya, and BadRabbit have affected organizations extensively. For instance, the SamSam ransomware attack disrupted municipal services in Atlanta, demanding a ransom of around USD 50,000. Cyber threats hamper business productivity and necessitate safeguarding critical IT infrastructure and data. Enterprises are increasingly investing in cybersecurity products and services to mitigate the risk of data breaches. As cyberattacks become more sophisticated, organizations worldwide turn to cybersecurity insurance to counteract the financial impact of swarm cyberattack losses.

Restraint: Lack of awareness related to cybersecurity insurance and reluctance in choosing cybersecurity insurance over cybersecurity solutions

With the increasing awareness of security risks and the rise in cyberattacks, governments and organizations are increasing their cybersecurity expenditure. However, many enterprises neglect cybersecurity insurance, which can help combat financial losses. The annual cost of cybercrime is estimated to reach USD 1.5 trillion, with only a small fraction covered by insurance companies. The lack of clarity and awareness about cybersecurity insurance hinders market growth, with some enterprises mistaking it for Errors and Omissions insurance. Enterprises globally should realize that the financial damage from a security incident can surpass the initial investment in cybersecurity insurance.

Opportunity: Exclusion of cybersecurity insurance cover from Property and Casualty (P&C) insurance

With the rise in social media usage and IoT, the risks of cyberattacks are growing massively. In the past, casualty policies only insured against third-party damage to only tangible computer property. However, with the proliferation of digital devices and advancements in new technologies, casualty insurers have realized that the rise of cyber exposures has also soared. The regulatory pressure from the EU GDPR and the Prudential Regulatory Authority (PRA) is also persuading insurers to manage cyber risks with a dedicated cybersecurity insurance policy. Insurers and regulators are concentrating on developing standalone cybersecurity insurance policies for better clarity and eliminating the ‘silent cyber’ claims. Hence, insurers are looking forward to adopting the usage of exclusive cybersecurity insurance policies to prevent unintended exposure from unclear cyber cover.

Challenge: Data privacy concerns

Data privacy concerns about how critical enterprise data or personal information to be used or misused is a barrier to adopting cybersecurity insurance. The global spread of COVID-19 has generated many questions about data protection, privacy, security, and compliance. Due to COVID-19, companies and organizations are reviewing their privacy policies to ensure the appropriate disclosure of Personally Identifiable Information (PII) to government agencies and cyber insurers to ensure data privacy. Some enterprises hesitate to reveal reliable information related to environmental risk exposures, making it burdensome for insurers to guide effective cybersecurity insurance policies. Insureds are reluctant to share information with insurers due to the fear of disclosure risks. Enterprises are wary of revealing cyber incident data as they feel that the exposed data could further intensify attacks and expose it to regulatory fines or legal fees.

Cybersecurity insurance
Market Ecosystem

Prominent companies in this market include well-established, financially stable providers of cybersecurity insurance solutions and services. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market include CyberCube, BitSight Technologies, and SecurityScorecard.

Cybersecurity Insurance Market

By insurance coverage, the cyber liability segment expected to hold a larger market size during the forecast period

Cyber risk insurance or cyber liability insurance helps organizations recover from the financial costs associated with data breaches, viruses, and other cyber-attacks. This insurance covers expenses incurred by the organization itself (first-party claims) and expenses arising from claims made by external parties (third-party claims). The policy reimburses various costs such as investigation expenses, business losses, legal proceedings, extortion, privacy issues, and notifications. Due to the increasing sophistication of cyber-attacks and stricter regulations, businesses are encouraged to adopt cybersecurity insurance solutions proactively. By offering both first-party and third-party coverage, cyber liability insurance policies can help insurers mitigate the negative consequences of a security breach, which could otherwise lead to significant business losses. Key vendors in the cybersecurity insurance market include Allianz Group, AIG, Chubb, Aon, Zurich, AXA, and Berkshire Hathaway, among others.

By solution, cybersecurity insurance analytics platform is expected to register higher CAGR during forecast period

Analytics platforms for cybersecurity insurance provide valuable insights into security risks and targeted attacks, offering actionable intelligence. These platforms cater to insurance brokers, insurers, reinsurance brokers, and reinsurers, providing them with a comprehensive view of enterprise risk profiles. CyberCube, a leading cyber risk analytics platform, has partnered with major insurance industry players, including Aon, Chubb, Hiscox, CNA, Woodruff Sawyer, and Munich RE. These collaborations empower insurance companies with data-driven risk assessment solutions. In 2019, CyberCube collaborated with Aon to deliver their insurance clients an effective cybersecurity insurance analytics platform for improved risk management and exposure measurement. The growing impact of cyber threats has led insurance companies to adopt data risk and analytics platforms more extensively. Arceo.ai, for example, offers a range of tools to assist brokers and underwriters in covering cyber risks. Verisk, a data analytics provider, introduced the Cyber Underwriting Report in 2020, utilizing AI modeling and ML capabilities to help insurers underwrite cyber policies based on data from 100,000 cyberattacks. Other companies such as Corax, and Cytegic also provide AI-based risk management solutions to insurance providers.

Based on region, North America is expected to hold the largest market size during the forecast

North America dominates the global cybersecurity insurance market, with the US and Canada leading the way. This region benefits from advanced infrastructure and widespread adoption of cyber technology. It is expected to hold the largest market share in terms of size. The US, in particular, presents significant opportunities for cybersecurity insurance solution providers due to strict regulations and a diverse range of industries. Cyberattacks have a substantial financial impact on enterprises of all sizes, including critical industries. According to a report by Emsisoft featured in The New York Times, 205,280 organizations in North America fell victim to ransomware attacks in 2019. With the increasing frequency of attacks and the rise of Bring Your Own Device (BYOD), especially in the context of the COVID-19 pandemic, US and Canadian enterprises are recognizing the importance of securing their data and mitigating financial losses through cybersecurity insurance policies.

Cybersecurity Insurance Market Size, and Share

Market Players:

The major vendors in this market include 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), Trellix (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), Coalition (US), Resilience (US), Kovrr (Israel), Sayata Labs (Israel), Zeguro (US), Ivanti (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.

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Scope of the Report

Report Metrics

Details

Market size available for years

2018-2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD) Million/Billion

Segments covered

By Offering, Insurance coverage, Insurance type, Compliance Requirements, End user, and Region

Region covered

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America

Companies covered

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), Trellix (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), Coalition (US), Resilience (US), Kovrr (Israel), Sayata Labs (Israel), Zeguro (US), Ivanti (US), SafeBreach (US), and Cronus Cyber Technologies (Israel).

This research report categorizes the cybersecurity insurance market to forecast revenues and analyze trends in each of the following submarkets:

Based on offering:
  • Solution
    • Cybersecurity insurance analytics platform
    • Disaster recovery and business continuity
    • Cybersecurity solution
      • Cyber risk and vulnerability assessment
      • Cybersecurity resilience
  • Service
    • Consulting/ Advisory
    • Security awareness training
    • Others (infrastructure services, implementation, and support and maintenance)
Based on insurance coverage:
  • Data breach
    • Data loss
    • Denial of service and down-time
    • Ransomware attacks
    • Others (third party data, business disruption, and social engineering)
  • Cyber liability
    • Type
      • Data protection and privacy costs
      • Non-compliance penalty
      • Brand and related intellectual property protection
      • Others (human error, systems failure, controls framework, Inadequate IT security measures, and non-security related IT)
    • Source/ Target
      • Internal
      • External
Compliance Requirements:
  • Healthcare Compliance
  • Financial Services Compliance
  • GDPR Compliance
  • Data Privacy Compliance
  • Other Compliances
Based on the insurance type:
  • Packaged
  • Stand-alone
Based on the end user:
  • Technology provider
    • Insurance companies
    • Third-party administrators, brokers, and consultancies
    • Government agencies
  • Insurance provider
    • Financial services
    • IT and ITES
    • Healthcare and life science
    • Retail and ecommerce
    • Telecom
    • Travel, tourism, and hospitality
    • Others (Education, Manufacturing, Energy and Utilities, and Government)
By Region:
  • North America
    • United States (US)
    • Canada
  • Europe
    • United Kingdom (UK)
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia and New Zealand
    • Southeast Asia
    • Rest of Asia Pacific
  • Middle East and Africa
    • UAE
    • KSA
    • South Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In May 2022, Microsoft developed Defender to support security systems of SMEs and reduce cyber risk. The solution provides end-point security, which includes Endpoint Detection and Response (EDR).
  • In April 2022, AttackIQ entered into partnership with Vectra, an AI based threat detection and response platform. This integration enabled customers to use AttackIQ’s PCAP and Vectra AI Platform to check efficacy.
  • In November 2021, BitSight and Marsh McLennan collaborated to improve cybersecurity performance and efficiency of the organization and help to reduce cyber risk. The Cyber Risk Analytics Center offered by Marsh McLenna leverage the capabilities of BitSight rating, data which help client to monitor their cyber security system performance.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 58)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATES, 2019–2022
    1.5 SUMMARY OF CHANGES 
    1.6 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 64)
    2.1 RESEARCH DATA 
           FIGURE 1 CYBERSECURITY INSURANCE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakup of primary profiles
                    2.1.2.2 Primary sources
                    2.1.2.3 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION 
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 TOP-DOWN APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY–APPROACH 1 (SUPPLY SIDE): REVENUE FROM SOLUTIONS/SERVICES OF CYBERSECURITY INSURANCE VENDORS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY–APPROACH 2, BOTTOM UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS, SERVICES, AND INSURANCE POLICIES OF CYBERSECURITY INSURANCE VENDORS
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY–APPROACH 3, TOP DOWN (DEMAND SIDE): SHARE OF CYBERSECURITY INSURANCE IN OVERALL INFORMATION TECHNOLOGY MARKET
    2.4 MARKET FORECAST 
           TABLE 2 FACTOR ANALYSIS
    2.5 ASSUMPTIONS 
    2.6 LIMITATIONS 
    2.7 CYBERSECURITY INSURANCE MARKET: RECESSION IMPACT 
 
3 EXECUTIVE SUMMARY (Page No. - 78)
    3.1 CYBERSECURITY INSURANCE COVERAGE 
           FIGURE 7 CYBERSECURITY INSURANCE MARKET SIZE, 2021–2028
           FIGURE 8 MARKET: REGIONAL SNAPSHOT
 
4 PREMIUM INSIGHTS (Page No. - 81)
    4.1 ATTRACTIVE OPPORTUNITIES IN CYBERSECURITY INSURANCE MARKET 
           FIGURE 9 INCREASING CYBER AND RANSOMWARE ATTACKS TO DRIVE MARKET GROWTH
    4.2 NORTH AMERICA: MARKET, BY SOLUTION AND INSURANCE COVERAGE (2023) 
           FIGURE 10 CYBERSECURITY INSURANCE ANALYTICS PLATFORMS AND CYBER LIABILITY SEGMENT IN NORTH AMERICA TO ACCOUNT FOR LARGEST SHARES IN 2023
    4.3 EUROPE: MARKET, BY SOLUTION AND INSURANCE COVERAGE (2023) 
           FIGURE 11 CYBERSECURITY INSURANCE ANALYTICS PLATFORMS AND CYBER LIABILITY SEGMENT IN EUROPE TO ACCOUNT FOR LARGEST SHARES IN 2023
    4.4 ASIA PACIFIC: MARKET, BY SOLUTION AND INSURANCE COVERAGE (2023) 
           FIGURE 12 CYBERSECURITY INSURANCE ANALYTICS PLATFORMS AND CYBER LIABILITY SEGMENT IN APAC TO ACCOUNT FOR LARGEST SHARES IN 2023
           FIGURE 13 ASIA PACIFIC TO BE BEST MARKET FOR INVESTMENTS DURING FORECAST PERIOD
 
5 CYBERSECURITY INSURANCE MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 84)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: CYBERSECURITY INSURANCE MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Surge in mandatory cybersecurity regulations and legislations to boost demand for insurance protection
                    5.2.1.2 High rate of recovery of financial losses to promote cybersecurity insurance market growth
                    5.2.1.3 Increase in frequency and sophistication of cyber threats
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of awareness related to cybersecurity insurance and reluctance in choosing cybersecurity insurance over cybersecurity solutions
                    5.2.2.2 Soaring cybersecurity insurance costs
                               TABLE 3 DIRECT WRITTEN PREMIUMS Y-O-Y GROWTH OF STANDALONE AND PACKAGE CYBERSECURITY INSURANCE UNDERWRITERS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Exclusion of cybersecurity insurance cover from Property and Casualty (P&C) insurance
                    5.2.3.2 Adoption of artificial intelligence and blockchain technology for risk analytics
           5.2.4 CHALLENGES
                    5.2.4.1 Cyber insurers grapple to gain traction despite soaring cybersecurity risks
                    5.2.4.2 Data privacy concerns
                    5.2.4.3 Lack of understanding, technical knowledge, and absence of historical cyber data for effective underwriting
    5.3 INDUSTRY TRENDS 
           5.3.1 VALUE CHAIN ANALYSIS
                    FIGURE 15 CYBERSECURITY INSURANCE MARKET: VALUE CHAIN
           5.3.2 BRIEF HISTORY OF CYBERSECURITY INSURANCE SOLUTIONS
                    FIGURE 16 EVOLUTION OF CYBERSECURITY INSURANCE SOLUTIONS
                    5.3.2.1 1990s
                    5.3.2.2 2000s
                    5.3.2.3 2010s
                    5.3.2.4 2020s-Present
           5.3.3 ECOSYSTEM
                    FIGURE 17 CYBERSECURITY INSURANCE MARKET: ECOSYSTEM
                    TABLE 4 MARKET: ECOSYSTEM
           5.3.4 CYBERSECURITY INSURANCE TOOLS, FRAMEWORKS, AND TECHNIQUES
           5.3.5 BUSINESS MODEL
           5.3.6 PORTER’S FIVE FORCES MODEL
                    TABLE 5 IMPACT OF PORTER’S FIVE FORCES ON CYBERSECURITY INSURANCE MARKET
                    5.3.6.1 Threat of new entrants
                    5.3.6.2 Threat of substitutes
                    5.3.6.3 Bargaining power of suppliers
                    5.3.6.4 Bargaining power of buyers
                    5.3.6.5 Intensity of competitive rivalry
           5.3.7 IMPACT OF CYBERSECURITY INSURANCE ON ADJACENT NICHE TECHNOLOGIES
                    5.3.7.1 Internet of Things (IoT) Security
                    5.3.7.2 Cloud Computing Security
                    5.3.7.3 Artificial Intelligence (AI) Security
                    5.3.7.4 Blockchain Security
                    5.3.7.5 Biometric Security
           5.3.8 KEY STAKEHOLDERS AND BUYING CRITERIA
                    5.3.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
                               FIGURE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USER INSURANCE PROVIDERS
                               TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USER INSURANCE PROVIDERS (%)
                    5.3.8.2 BUYING CRITERIA
                               FIGURE 19 KEY BUYING CRITERIA FOR TOP THREE END USER INSURANCE PROVIDERS
                               TABLE 7 KEY BUYING CRITERIA FOR TOP THREE END USER INSURANCE PROVIDERS
           5.3.9 TECHNOLOGY ANALYSIS
                    5.3.9.1 Adjacent technologies
                               5.3.9.1.1 Artificial Intelligence and Machine Learning
                               5.3.9.1.2 Big Data Analytics
                               5.3.9.1.3 Internet of Things Security
                               5.3.9.1.4 Blockchain
                               5.3.9.1.5 Cloud
                    5.3.9.2 Related Technologies
                               5.3.9.2.1 Risk Assessment
                               5.3.9.2.2 Threat Intelligence
                               5.3.9.2.3 Load Security Monitoring and Analytics
                               5.3.9.2.4 Data Breach Response
           5.3.10 FUTURE OF CYBERSECURITY INSURANCE MARKET LANDSCAPE
           5.3.11 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
                    FIGURE 20 REVENUE SHIFT IN MARKET
           5.3.12 BEST PRACTICES OF MARKET
           5.3.13 PATENT ANALYSIS
                    5.3.13.1 Methodology
                    5.3.13.2 Document type
                               TABLE 8 PATENTS FILED, 2020–2023
                    5.3.13.3 Innovation and patent applications
                               FIGURE 21 TOTAL NUMBER OF PATENTS GRANTED, 2020–2023
                    5.3.13.4 Top applicants
                               FIGURE 22 TOP TEN PATENT APPLICANTS, 2020–2023
           5.3.14 PRICING MODEL ANALYSIS
                    5.3.14.1 Average selling price trends
           5.3.15 CYBERSECURITY INSURANCE AVERAGE SELLING PRICE FOR SMES
                    FIGURE 23 CYBERSECURITY INSURANCE AVERAGE SELLING PRICE TREND IN SMES
                    FIGURE 24 CYBERSECURITY INSURANCE AVERAGE SELLING PRICE, BY EMPLOYEE SIZE
           5.3.16 TREND OF CYBERSECURITY INSURANCE PREMIUMS
                    TABLE 9 CYBERSECURITY INSURANCE PREMIUM TRENDS
           5.3.17 CASE STUDY ANALYSIS
                    5.3.17.1 SecurityScorecard helped cyber insurance provider better understand customer risk
                    5.3.17.2 European financial service providers leveraged BitSight for security performance management
                    5.3.17.3 Country Mutual Insurance Company leveraged CyberArk’s privileged security access platform
                    5.3.17.4 Global 500 insurance company chose Prevalent’s third-party risk management solution
                    5.3.17.5 AON secured financial institution’s funds and data from third-party cyber risks
                    5.3.17.6 Chubb’s cybersecurity insurance cover assisted SME in recovering financial losses
           5.3.18 KEY CONFERENCES & EVENTS IN 2023
                    5.3.18.1 Cybersecurity insurance market: Detailed list of conferences & events
           5.3.19 REGULATORY COMPLIANCES
                    5.3.19.1 Regulatory bodies, government agencies, and other organizations
                               TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                               TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                               TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    5.3.19.2 General Data Protection Regulation
                    5.3.19.3 Payment Card Industry-Data Security Standard
                    5.3.19.4 Health Insurance Portability and Accountability Act
                    5.3.19.5 Federal Information Security Management Act
                    5.3.19.6 Gramm-Leach-Bliley Act
                    5.3.19.7 Sarbanes-Oxley Act
                    5.3.19.8 International Organization for Standardization 27001
 
6 CYBERSECURITY INSURANCE MARKET, BY OFFERING (Page No. - 115)
    6.1 INTRODUCTION 
           6.1.1 OFFERING: CYBERSECURITY INSURANCE MARKET DRIVERS
                    FIGURE 25 SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
                    TABLE 13 MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                    TABLE 14 MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                    TABLE 15 OFFERING: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 16 OFFERING: MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.2 SOLUTIONS 
           6.2.1 CYBERSECURITY INSURANCE SOLUTIONS TO PROVIDE HIGH DATA SECURITY AND PREVENT DATA BREACHES
                    FIGURE 26 DISASTER RECOVERY AND BUSINESS CONTINUITY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 17 MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                    TABLE 18CYBERSECURITY INSURANCE MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                    TABLE 19 SOLUTIONS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 20 SOLUTIONS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.2.2 CYBERSECURITY INSURANCE ANALYTICS PLATFORMS
                    TABLE 21 CYBERSECURITY INSURANCE ANALYTICS PLATFORMS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 22 CYBERSECURITY INSURANCE ANALYTICS PLATFORMS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.2.3 DISASTER RECOVERY AND BUSINESS CONTINUITY
                    TABLE 23 DISASTER RECOVERY AND BUSINESS CONTINUITY: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 24 DISASTER RECOVERY AND BUSINESS CONTINUITY: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.2.4 CYBERSECURITY SOLUTIONS
                    6.2.4.1 Cyber risk and vulnerability assessment
                    6.2.4.2 Cybersecurity resilience
                               TABLE 25 CYBERSECURITY SOLUTIONS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                               TABLE 26 CYBERSECURITY SOLUTIONS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    6.3 SERVICES 
           6.3.1 NEED FOR PROFESSIONAL CONSULTANTS TO PROVIDE 24/7 SERVICE RESPONSE
                    FIGURE 27 SECURITY AWARENESS TRAINING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 27 CYBERSECURITY INSURANCE MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                    TABLE 28 MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                    TABLE 29 SERVICES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 30 SERVICES: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.3.2 CONSULTING/ADVISORY
                    TABLE 31 CONSULTING/ADVISORY: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 32 CONSULTING/ADVISORY: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.3.3 SECURITY AWARENESS TRAINING
                    TABLE 33 SECURITY AWARENESS TRAINING: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 34 SECURITY AWARENESS TRAINING: MARKET, BY REGION, 2023–2028 (USD MILLION)
           6.3.4 OTHER SERVICES
                    TABLE 35 OTHER SERVICES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 36 OTHER SERVICES: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
7 CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE (Page No. - 129)
    7.1 INTRODUCTION 
           7.1.1 INSURANCE COVERAGE: MARKET DRIVERS
                    FIGURE 28 DATA BREACH SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
                    TABLE 37 MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                    TABLE 38 MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                    TABLE 39 INSURANCE COVERAGE: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 40 INSURANCE COVERAGE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.2 DATA BREACH 
           7.2.1 CYBERSECURITY INSURANCE COVERAGE TO PROTECT BUSINESSES AGAINST SECURITY AND CYBER BREACHES
                    TABLE 41 DATA BREACH: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 42 DATA BREACH: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.2.2 DATA LOSS
           7.2.3 DENIAL OF SERVICE AND DOWNTIME
           7.2.4 RANSOMWARE ATTACKS
    7.3 CYBER LIABILITY 
           7.3.1 CYBERSECURITY INSURANCE TO COVER CYBER LIABILITY, REDUCING DATA RECOVERY COST FROM DATA BREACHES AND CYBERATTACKS
                    TABLE 43 CYBER LIABILITY: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 44 CYBER LIABILITY: MARKET, BY REGION, 2023–2028 (USD MILLION)
           7.3.2 TYPES OF CYBER LIABILITIES
                    7.3.2.1 Data protection and privacy costs
                    7.3.2.2 Non-compliance penalty
                    7.3.2.3 Brand and related intellectual property protection
                    7.3.2.4 Other cyber liability types
           7.3.3 SOURCE/TARGET OF CYBER LIABILITIES
                    7.3.3.1 Internal
                    7.3.3.2 External
 
8 CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE (Page No. - 137)
    8.1 INTRODUCTION 
           8.1.1 INSURANCE TYPE: MARKET DRIVERS
                    FIGURE 29 PACKAGED SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
                    TABLE 45 MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                    TABLE 46 MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                    TABLE 47 INSURANCE TYPE: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 48 INSURANCE TYPE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.2 PACKAGED 
           8.2.1 PACKAGED INSURANCE TO ENHANCE DIGITAL TRANSFORMATION AND SUPPORT TRADITIONAL POLICIES
                    TABLE 49 PACKAGED: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 50 PACKAGED: MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 STANDALONE 
           8.3.1 STANDALONE INSURANCE TO MANAGE COMPLEX CYBER RISKS AND IMPROVE CYBER RISK PROTECTION
                    TABLE 51 STANDALONE: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 52 STANDALONE: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 CYBERSECURITY INSURANCE MARKET, BY COMPLIANCE REQUIREMENT (Page No. - 142)
    9.1 INTRODUCTION 
           9.1.1 COMPLIANCE REQUIREMENT: MARKET DRIVERS
    9.2 HEALTHCARE COMPLIANCE 
    9.3 FINANCIAL SERVICES COMPLIANCE 
    9.4 GDPR COMPLIANCE 
    9.5 DATA PRIVACY COMPLIANCE 
    9.6 OTHER COMPLIANCES 
 
10 CYBERSECURITY INSURANCE MARKET, BY END USER (Page No. - 145)
     10.1 INTRODUCTION 
             10.1.1 END USER: MARKET DRIVERS
                       FIGURE 30 TECHNOLOGY PROVIDER SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
                       TABLE 53 MARKET, BY END USER, 2018–2022 (USD MILLION)
                       TABLE 54 MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 55 END USER: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 56 END USER: MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 TECHNOLOGY PROVIDERS 
             10.2.1 TECHNOLOGY PROVIDERS TO HELP INSURANCE INDUSTRY ASSESS ITS CYBERSECURITY RISKS
                       FIGURE 31 GOVERNMENT AGENCIES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                       TABLE 57 MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 58 MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 59 TECHNOLOGY PROVIDERS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 60 TECHNOLOGY PROVIDERS: CYBERSECURITY INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)
             10.2.2 INSURANCE COMPANIES
             10.2.3 INSURANCE COMPANIES: CYBERSECURITY INSURANCE APPLICATIONS
                       10.2.3.1 Data Breach Protection
                       10.2.3.2 Business Interruption Coverage
                       10.2.3.3 Ransomware Protection
                                   TABLE 61 INSURANCE COMPANIES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 62 INSURANCE COMPANIES: MARKET, BY REGION, 2023–2028 (USD MILLION)
             10.2.4 THIRD-PARTY ADMINISTRATORS (TPAS), BROKERS, AND CONSULTANCIES
             10.2.5 THIRD-PARTY ADMINISTRATORS (TPAS), BROKERS, AND CONSULTANCIES: CYBERSECURITY INSURANCE APPLICATIONS
                       10.2.5.1 Policy Administration (TPAs)
                       10.2.5.2 Claim Advocacy (Brokers)
                       10.2.5.3 Risk Assessment and Mitigation (Consultancies)
                                   TABLE 63 THIRD-PARTY ADMINISTRATORS, BROKERS, AND CONSULTANCIES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 64 THIRD-PARTY ADMINISTRATORS, BROKERS, AND CONSULTANCIES: MARKET, BY REGION, 2023–2028 (USD MILLION)
             10.2.6 GOVERNMENT AGENCIES
             10.2.7 GOVERNMENT AGENCIES: CYBERSECURITY INSURANCE APPLICATIONS
                       10.2.7.1 Data Breach Protection
                       10.2.7.2 Business Interruption Coverage
                       10.2.7.3 Ransomware Protection
                                   TABLE 65 GOVERNMENT AGENCIES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 66 GOVERNMENT AGENCIES: MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.3 INSURANCE PROVIDERS 
             10.3.1 INSURANCE PROVIDERS TO UNDERWRITE INSURANCE POLICIES FOR IMPROVING CYBERSECURITY SYSTEMS OF ORGANIZATIONS
                       FIGURE 32 FINANCIAL SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                       TABLE 67 MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 68 MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 69 INSURANCE PROVIDERS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                       TABLE 70 INSURANCE PROVIDERS: MARKET, BY REGION, 2023–2028 (USD MILLION)
             10.3.2 FINANCIAL SERVICES
             10.3.3 FINANCIAL SERVICES: CYBERSECURITY INSURANCE APPLICATIONS
                       10.3.3.1 Risk Assessment and Mitigation
                       10.3.3.2 Cyber Extortion Coverage
                       10.3.3.3 Ransomware Protection
                                   TABLE 71 FINANCIAL SERVICES: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 72 FINANCIAL SERVICES: MARKET, BY REGION, 2023–2028 (USD MILLION)
             10.3.4 IT AND ITES
             10.3.5 IT AND ITES: CYBERSECURITY INSURANCE APPLICATIONS
                       10.3.5.1 Protection for Sensitive Client Data
                       10.3.5.2 Intellectual Property Protection
                       10.3.5.3 Comprehensive Coverage for IT Infrastructure
                                   TABLE 73 IT AND ITES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 74 IT AND ITES: MARKET, BY REGION, 2023–2028 (USD MILLION)
             10.3.6 HEALTHCARE AND LIFE SCIENCES
             10.3.7 HEALTHCARE AND LIFE SCIENCES: CYBERSECURITY INSURANCE APPLICATIONS
                       10.3.7.1 Protected Health Information (PHI) Data Breach Coverage
                       10.3.7.2 Regulatory Compliance Support
                       10.3.7.3 Cybersecurity Incident Response Support
                                   TABLE 75 HEALTHCARE AND LIFE SCIENCES: MARKET, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 76 HEALTHCARE AND LIFE SCIENCES: MARKET, BY REGION, 2023–2028 (USD MILLION)
             10.3.8 RETAIL AND ECOMMERCE
             10.3.9 RETAIL AND ECOMMERCE: CYBERSECURITY INSURANCE APPLICATIONS
                       10.3.9.1 Ecommerce Website Protection
                       10.3.9.2 Supply Chain Cyber Risk Coverage
                       10.3.9.3 Brand Reputation Management
                                   TABLE 77 RETAIL AND ECOMMERCE: CYBERSECURITY INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 78 RETAIL AND ECOMMERCE: MARKET, BY REGION, 2023–2028 (USD MILLION)
             10.3.10 TELECOM
             10.3.11 TELECOM: CYBERSECURITY INSURANCE APPLICATIONS
                                  10.3.11.1 Network Security Coverage
                                  10.3.11.2 Communication Infrastructure Protection
                                  10.3.11.3 Customer Notification and Support
                                   TABLE 79 TELECOM: MARKET, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 80 TELECOM: MARKET, BY REGION, 2023–2028 (USD MILLION)
              10.3.12 TRAVEL, TOURISM, AND HOSPITALITY
              10.3.13 TRAVEL, TOURISM, AND HOSPITALITY: CYBERSECURITY INSURANCE APPLICATIONS
                                  10.3.13.1 Reservation System and Booking Protection
                                  10.3.13.2 Payment Card Data Protection
                                  10.3.13.3 Data Breach Notification Costs
                                   TABLE 81 TRAVEL, TOURISM, AND HOSPITALITY: MARKET, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 82 TRAVEL, TOURISM, AND HOSPITALITY: MARKET, BY REGION, 2023–2028 (USD MILLION)
              10.3.14 OTHER INSURANCE PROVIDERS
                                   TABLE 83 OTHER INSURANCE PROVIDERS: MARKET, BY REGION, 2018–2022 (USD MILLION)
                                   TABLE 84 OTHER INSURANCE PROVIDERS: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
11 CYBERSECURITY INSURANCE MARKET, BY REGION (Page No. - 168)
     11.1 INTRODUCTION 
               FIGURE 33 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
               TABLE 85 MARKET, BY REGION, 2018–2022 (USD MILLION)
               TABLE 86 MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.2 NORTH AMERICA 
             11.2.1 NORTH AMERICA: CYBERSECURITY INSURANCE MARKET DRIVERS
             11.2.2 NORTH AMERICA: RECESSION IMPACT
                       FIGURE 34 NORTH AMERICA: MARKET SNAPSHOT
                       TABLE 87 NORTH AMERICA: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 88 NORTH AMERICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 89 NORTH AMERICA: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                       TABLE 90 NORTH AMERICA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 91 NORTH AMERICA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 92 NORTH AMERICA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 93 NORTH AMERICA: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                       TABLE 94 NORTH AMERICA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                       TABLE 95 NORTH AMERICA: MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                       TABLE 96 NORTH AMERICA: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                       TABLE 97 NORTH AMERICA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                       TABLE 98 NORTH AMERICA: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 99 NORTH AMERICA: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 100 NORTH AMERICA: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 101 NORTH AMERICA: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 102 NORTH AMERICA: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 103 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 104 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             11.2.3 US
                       11.2.3.1 Numerous laws and regulations promoting proactive incorporation of cybersecurity insurance policy cover in US to drive market
                                   TABLE 105 US: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 106 US: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 107 US: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                                   TABLE 108 US: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 109 US: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                                   TABLE 110 US: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                                   TABLE 111 US: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                                   TABLE 112 US: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                                   TABLE 113 US: MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 114 US: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                                   TABLE 115 US: MARKET, BY END USER, 2018–2022 (USD MILLION)
                                   TABLE 116 US: MARKET, BY END USER, 2023–2028 (USD MILLION)
                                   TABLE 117 US: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 118 US: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                                   TABLE 119 US: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 120 US: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
             11.2.4 CANADA
                       11.2.4.1 Presence of prominent cybersecurity insurance providers in Canada to drive market
                                   TABLE 121 CANADA: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 122 CANADA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 123 CANADA: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                                   TABLE 124 CANADA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 125 CANADA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                                   TABLE 126 CANADA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                                   TABLE 127 CANADA: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                                   TABLE 128 CANADA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                                   TABLE 129 CANADA: MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 130 CANADA: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                                   TABLE 131 CANADA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                                   TABLE 132 CANADA: MARKET, BY END USER, 2023–2028 (USD MILLION)
                                   TABLE 133 CANADA: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 134 CANADA: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                                   TABLE 135 CANADA: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 136 CANADA: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
     11.3 EUROPE 
             11.3.1 EUROPE: CYBERSECURITY INSURANCE MARKET DRIVERS
             11.3.2 EUROPE: RECESSION IMPACT
                       TABLE 137 EUROPE: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 138 EUROPE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 139 EUROPE: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                       TABLE 140 EUROPE: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 141 EUROPE: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 142 EUROPE: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 143 EUROPE: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                       TABLE 144 EUROPE: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                       TABLE 145 EUROPE: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                       TABLE 146 EUROPE: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                       TABLE 147 EUROPE: MARKET, BY END USER, 2018–2022 (USD MILLION)
                       TABLE 148 EUROPE: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 149 EUROPE: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 150 EUROPE: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 151 EUROPE: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 152 EUROPE: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 153 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 154 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             11.3.3 UK
                       11.3.3.1 Cyber insurance in UK to be comparatively affordable measure against data breaches with cyber extortion cover, recovery, and compliance costs
                                   TABLE 155 UK: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 156 UK: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 157 UK: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                                   TABLE 158 UK: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 159 UK: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                                   TABLE 160 UK: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                                   TABLE 161 UK: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                                   TABLE 162 UK: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                                   TABLE 163 UK: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 164 UK: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                                   TABLE 165 UK: MARKET, BY END USER, 2018–2022 (USD MILLION)
                                   TABLE 166 UK: MARKET, BY END USER, 2023–2028 (USD MILLION)
                                   TABLE 167 UK: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 168 UK: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                                   TABLE 169 UK: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 170 UK: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
             11.3.4 GERMANY
                       11.3.4.1 Increasing instances of cybercrimes to drive market growth in Germany
                                   TABLE 171 GERMANY: CYBERSECURITY INSURANC E MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 172 GERMANY: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 173 GERMANY: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                                   TABLE 174 GERMANY: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 175 GERMANY: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                                   TABLE 176 GERMANY: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                                   TABLE 177 GERMANY: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                                   TABLE 178 GERMANY: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                                   TABLE 179 GERMANY:CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 180 GERMANY: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                                   TABLE 181 GERMANY: MARKET, BY END USER, 2018–2022 (USD MILLION)
                                   TABLE 182 GERMANY: MARKET, BY END USER, 2023–2028 (USD MILLION)
                                   TABLE 183 GERMANY: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 184 GERMANY: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                                   TABLE 185 GERMANY: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 186 GERMANY: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
             11.3.5 FRANCE
                       11.3.5.1 Alarming cyber-attack rates and ransomware insurance coverage gaps in France to fuel demand for cybersecurity insurance
                                   TABLE 187 FRANCE: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 188 FRANCE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 189 FRANCE: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                                   TABLE 190 FRANCE: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 191 FRANCE: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                                   TABLE 192 FRANCE: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                                   TABLE 193 FRANCE: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                                   TABLE 194 FRANCE: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                                   TABLE 195 FRANCE: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 196 FRANCE: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                                   TABLE 197 FRANCE: MARKET, BY END USER, 2018–2022 (USD MILLION)
                                   TABLE 198 FRANCE: MARKET, BY END USER, 2023–2028 (USD MILLION)
                                   TABLE 199 FRANCE: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 200 FRANCE: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                                   TABLE 201 FRANCE: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 202 FRANCE: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
             11.3.6 SPAIN
                       11.3.6.1 Rising cybersecurity incidents in Spain amidst 5G transition to drive market growth
             11.3.7 ITALY
                       11.3.7.1 Ransomware surges and growing adoption of cybersecurity insurance in Italy to drive market growth
             11.3.8 REST OF EUROPE
                       TABLE 203 REST OF EUROPE: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 204 REST OF EUROPE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 205 REST OF EUROPE: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                       TABLE 206 REST OF EUROPE: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 207 REST OF EUROPE: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 208 REST OF EUROPE: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 209 REST OF EUROPE: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                       TABLE 210 REST OF EUROPE: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                       TABLE 211 REST OF EUROPE: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                       TABLE 212 REST OF EUROPE: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                       TABLE 213 REST OF EUROPE: MARKET, BY END USER, 2018–2022 (USD MILLION)
                       TABLE 214 REST OF EUROPE: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 215 REST OF EUROPE: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 216 REST OF EUROPE: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 217 REST OF EUROPE: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 218 REST OF EUROPE: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
     11.4 ASIA PACIFIC 
             11.4.1 ASIA PACIFIC: CYBERSECURITY INSURANCE MARKET DRIVERS
             11.4.2 ASIA PACIFIC: RECESSION IMPACT
                       FIGURE 35 ASIA PACIFIC: MARKET SNAPSHOT
                       TABLE 219 ASIA PACIFIC: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 220 ASIA PACIFIC: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 221 ASIA PACIFIC: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                       TABLE 222 ASIA PACIFIC: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 223 ASIA PACIFIC: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 224 ASIA PACIFIC: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 225 ASIA PACIFIC: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                       TABLE 226 ASIA PACIFIC: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                       TABLE 227 ASIA PACIFIC: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                       TABLE 228 ASIA PACIFIC: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                       TABLE 229 ASIA PACIFIC: MARKET, BY END USER, 2018–2022 (USD MILLION)
                       TABLE 230 ASIA PACIFIC: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 231 ASIA PACIFIC: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 232 ASIA PACIFIC: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 233 ASIA PACIFIC: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 234 ASIA PACIFIC: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 235 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 236 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             11.4.3 AUSTRALIA & NEW ZEALAND
                       11.4.3.1 Enforcement of Notifiable Data Breach Scheme and Australian Prudential Regulatory Authority to help enterprises improve their business resiliency toward risks
                                   TABLE 237 ANZ: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 238 ANZ: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 239 ANZ: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                                   TABLE 240 ANZ: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 241 ANZ: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                                   TABLE 242 ANZ: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                                   TABLE 243 ANZ: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                                   TABLE 244 ANZ: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                                   TABLE 245 ANZ: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 246 ANZ: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                                   TABLE 247 ANZ: MARKET, BY END USER, 2018–2022 (USD MILLION)
                                   TABLE 248 ANZ: MARKET, BY END USER, 2023–2028 (USD MILLION)
                                   TABLE 249 ANZ: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 250 ANZ: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                                   TABLE 251 ANZ: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 252 ANZ: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
             11.4.4 CHINA
                       11.4.4.1 Increasing investments in advanced technologies and ascending rates of cybercrimes to drive growth in China
                                   TABLE 253 CHINA: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 254 CHINA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 255 CHINA: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                                   TABLE 256 CHINA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 257 CHINA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                                   TABLE 258 CHINA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                                   TABLE 259 CHINA: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                                   TABLE 260 CHINA: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                                   TABLE 261 CHINA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 262 CHINA: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                                   TABLE 263 CHINA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                                   TABLE 264 CHINA: MARKET, BY END USER, 2023–2028 (USD MILLION)
                                   TABLE 265 CHINA: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 266 CHINA: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                                   TABLE 267 CHINA: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 268 CHINA: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
             11.4.5 JAPAN
                       11.4.5.1 Growing security breaches across various verticals to present opportunities for Japanese MARKET
                                   TABLE 269 JAPAN: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 270 JAPAN: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 271 JAPAN: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                                   TABLE 272 JAPAN: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 273 JAPAN: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                                   TABLE 274 JAPAN: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                                   TABLE 275 JAPAN: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                                   TABLE 276 JAPAN: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                                   TABLE 277 JAPAN: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 278 JAPAN: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                                   TABLE 279 JAPAN: MARKET, BY END USER, 2018–2022 (USD MILLION)
                                   TABLE 280 JAPAN: MARKET, BY END USER, 2023–2028 (USD MILLION)
                                   TABLE 281 JAPAN: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 282 JAPAN: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                                   TABLE 283 JAPAN: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 284 JAPAN: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
                                   11.4.6 SOUTHEAST ASIA
                                   11.4.6.1 Growth prospects in Southeast Asia's evolving cybersecurity landscape to drive MARKET in region
             11.4.7 INDIA
                       11.4.7.1 Rising cybersecurity risks to accelerate cyber insurance adoption in India
             11.4.8 REST OF ASIA PACIFIC
                       TABLE 285 REST OF ASIA PACIFIC: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 286 REST OF ASIA PACIFIC: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 287 REST OF ASIA PACIFIC: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                       TABLE 288 REST OF ASIA PACIFIC: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 289 REST OF ASIA PACIFIC: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 290 REST OF ASIA PACIFIC: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 291 REST OF ASIA PACIFIC: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                       TABLE 292 REST OF ASIA PACIFIC: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                       TABLE 293 REST OF ASIA PACIFIC: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                       TABLE 294 REST OF ASIA PACIFIC: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                       TABLE 295 REST OF ASIA PACIFIC: MARKET, BY END USER, 2018–2022 (USD MILLION)
                       TABLE 296 REST OF ASIA PACIFIC: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 297 REST OF ASIA PACIFIC: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 298 REST OF ASIA PACIFIC: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 299 REST OF ASIA PACIFIC: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 300 REST OF ASIA PACIFIC: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
     11.5 MIDDLE EAST & AFRICA 
             11.5.1 MIDDLE EAST & AFRICA: CYBERSECURITY INSURANCE MARKET DRIVERS
             11.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
                       TABLE 301 MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 302 MIDDLE EAST & AFRICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 303 MIDDLE EAST & AFRICA: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                       TABLE 304 MIDDLE EAST & AFRICA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 305 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 306 MIDDLE EAST & AFRICA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 307 MIDDLE EAST & AFRICA: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                       TABLE 308 MIDDLE EAST & AFRICA: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                       TABLE 309 MIDDLE EAST & AFRICA: MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                       TABLE 310 MIDDLE EAST & AFRICA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                       TABLE 311 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                       TABLE 312 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 313 MIDDLE EAST & AFRICA: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 314 MIDDLE EAST & AFRICA: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 315 MIDDLE EAST & AFRICA: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 316 MIDDLE EAST & AFRICA: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 317 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 318 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             11.5.3 KSA
                       11.5.3.1 Growing awareness to lead to increase in inquiries and adoption of cyber insurance policies among organizations
                                   TABLE 319 KSA: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 320 KSA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 321 KSA: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                                   TABLE 322 KSA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 323 KSA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                                   TABLE 324 KSA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                                   TABLE 325 KSA: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                                   TABLE 326 KSA: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                                   TABLE 327 KSA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 328 KSA: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                                   TABLE 329 KSA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                                   TABLE 330 KSA: MARKET, BY END USER, 2023–2028 (USD MILLION)
                                   TABLE 331 KSA: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 332 KSA: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                                   TABLE 333 KSA: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 334 KSA: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
             11.5.4 UAE
                       11.5.4.1 Increasing adoption of advanced technologies and fast development in UAE to be major factors driving adoption of cybersecurity insurance
                                   TABLE 335 UAE: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 336 UAE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 337 UAE: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                                   TABLE 338 UAE: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 339 UAE: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                                   TABLE 340 UAE: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                                   TABLE 341 UAE: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                                   TABLE 342 UAE: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                                   TABLE 343 UAE: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 344 UAE: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                                   TABLE 345 UAE: MARKET, BY END USER, 2018–2022 (USD MILLION)
                                   TABLE 346 UAE: MARKET, BY END USER, 2023–2028 (USD MILLION)
                                   TABLE 347 UAE: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 348 UAE: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                                   TABLE 349 UAE: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 350 UAE: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
             11.5.5 SOUTH AFRICA
                       11.5.5.1 Companies becoming potential targets for cybercriminals due to increased mobile and internet penetration to drive growth
             11.5.6 REST OF MIDDLE EAST & AFRICA
     11.6 LATIN AMERICA 
             11.6.1 LATIN AMERICA: CYBERSECURITY INSURANCE MARKET DRIVERS
             11.6.2 LATIN AMERICA: RECESSION IMPACT
                       TABLE 351 LATIN AMERICA: MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 352 LATIN AMERICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 353 LATIN AMERICA: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                       TABLE 354 LATIN AMERICA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 355 LATIN AMERICA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 356 LATIN AMERICA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 357 LATIN AMERICA: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                       TABLE 358 LATIN AMERICA: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                       TABLE 359 LATIN AMERICA: MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                       TABLE 360 LATIN AMERICA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                       TABLE 361 LATIN AMERICA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                       TABLE 362 LATIN AMERICA: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 363 LATIN AMERICA: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 364 LATIN AMERICA: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 365 LATIN AMERICA: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 366 LATIN AMERICA: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 367 LATIN AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 368 LATIN AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             11.6.3 BRAZIL
                       11.6.3.1 Increased automation and digitalization in businesses and fear of severe penalties to lead to market growth in Brazil
                                   TABLE 369 BRAZIL: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 370 BRAZIL: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 371 BRAZIL: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                                   TABLE 372 BRAZIL: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 373 BRAZIL: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                                   TABLE 374 BRAZIL: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                                   TABLE 375 BRAZIL: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                                   TABLE 376 BRAZIL: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                                   TABLE 377 BRAZIL: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 378 BRAZIL: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                                   TABLE 379 BRAZIL: MARKET, BY END USER, 2018–2022 (USD MILLION)
                                   TABLE 380 BRAZIL: MARKET, BY END USER, 2023–2028 (USD MILLION)
                                   TABLE 381 BRAZIL: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 382 BRAZIL: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                                   TABLE 383 BRAZIL: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 384 BRAZIL: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
             11.6.4 MEXICO
                       11.6.4.1 Data protection regulations expected to hold great scope for market growth in Mexico
                                   TABLE 385 MEXICO: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                                   TABLE 386 MEXICO: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                                   TABLE 387 MEXICO: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                                   TABLE 388 MEXICO: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                                   TABLE 389 MEXICO: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                                   TABLE 390 MEXICO: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                                   TABLE 391 MEXICO: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                                   TABLE 392 MEXICO: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                                   TABLE 393 MEXICO: MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                                   TABLE 394 MEXICO: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                                   TABLE 395 MEXICO: MARKET, BY END USER, 2018–2022 (USD MILLION)
                                   TABLE 396 MEXICO: MARKET, BY END USER, 2023–2028 (USD MILLION)
                                   TABLE 397 MEXICO: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 398 MEXICO: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                                   TABLE 399 MEXICO: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                                   TABLE 400 MEXICO: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
             11.6.5 REST OF LATIN AMERICA
                       TABLE 401 REST OF LATIN AMERICA: CYBERSECURITY INSURANCE MARKET, BY OFFERING, 2018–2022 (USD MILLION)
                       TABLE 402 REST OF LATIN AMERICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                       TABLE 403 REST OF LATIN AMERICA: MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
                       TABLE 404 REST OF LATIN AMERICA: MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
                       TABLE 405 REST OF LATIN AMERICA: MARKET, BY SERVICE, 2018–2022 (USD MILLION)
                       TABLE 406 REST OF LATIN AMERICA: MARKET, BY SERVICE, 2023–2028 (USD MILLION)
                       TABLE 407 REST OF LATIN AMERICA: MARKET, BY INSURANCE COVERAGE, 2018–2022 (USD MILLION)
                       TABLE 408 REST OF LATIN AMERICA: MARKET, BY INSURANCE COVERAGE, 2023–2028 (USD MILLION)
                       TABLE 409 REST OF LATIN AMERICA: CYBERSECURITY INSURANCE MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)
                       TABLE 410 REST OF LATIN AMERICA: MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)
                       TABLE 411 REST OF LATIN AMERICA: MARKET, BY END USER, 2018–2022 (USD MILLION)
                       TABLE 412 REST OF LATIN AMERICA: MARKET, BY END USER, 2023–2028 (USD MILLION)
                       TABLE 413 REST OF LATIN AMERICA: MARKET, BY TECHNOLOGY PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 414 REST OF LATIN AMERICA: MARKET, BY TECHNOLOGY PROVIDER, 2023–2028 (USD MILLION)
                       TABLE 415 REST OF LATIN AMERICA: MARKET, BY INSURANCE PROVIDER, 2018–2022 (USD MILLION)
                       TABLE 416 REST OF LATIN AMERICA: MARKET, BY INSURANCE PROVIDER, 2023–2028 (USD MILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 276)
     12.1 INTRODUCTION 
     12.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             12.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY CYBERSECURITY INSURANCE TECHNOLOGY VENDORS
     12.3 CYBERSECURITY INSURANCE MARKET SHARE ANALYSIS OF TOP MARKET PLAYERS 
               TABLE 417 MARKET: DEGREE OF COMPETITION
     12.4 HISTORIC REVENUE ANALYSIS 
               FIGURE 36 HISTORIC THREE-YEAR REVENUE ANALYSIS OF LEADING CYBERSECURITY INSURANCE PROVIDERS, 2020–2022 (USD MILLION)
     12.5 COMPANY EVALUATION QUADRANT 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                       FIGURE 37 CYBERSECURITY INSURANCE MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022
     12.6 STARTUP/SME EVALUATION MATRIX, 2022 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
                       FIGURE 38 CYBERSECURITY INSURANCE MARKET (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2022
     12.7 RANKING OF KEY TECHNOLOGY PLAYERS IN MARKET, 2022 
               FIGURE 39 RANKING OF KEY TECHNOLOGY PLAYERS, 2022
     12.8 RANKING OF KEY INSURANCE PROVIDERS IN MARKET, 2022 
               FIGURE 40 RANKING OF CYBERSECURITY INSURANCE PROVIDERS, 2022
     12.9 COMPETITIVE BENCHMARKING 
               TABLE 418 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
               TABLE 419 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
               TABLE 420 MARKET: COMPETITIVE BENCHMARKING OF MAJOR PLAYERS
     12.1 COMPETITIVE SCENARIO 
               12.10.1 PRODUCT LAUNCHES
                                   TABLE 421 PRODUCT LAUNCHES, 2019–2022
               12.10.2 DEALS
                                   TABLE 422 DEALS, 2020–2022
               12.10.3 OTHERS
                                   TABLE 423 OTHERS, 2021
 
13 COMPANY PROFILES (Page No. - 293)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
     13.1 INTRODUCTION 
     13.2 TECHNOLOGY PROVIDERS 
             13.2.1 BITSIGHT
                       TABLE 424 BITSIGHT: BUSINESS OVERVIEW
                       TABLE 425 BITSIGHT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 426 BITSIGHT: PRODUCT LAUNCHES
                       TABLE 427 BITSIGHT: DEALS
             13.2.2 PREVALENT
                       TABLE 428 PREVALENT: BUSINESS OVERVIEW
                       TABLE 429 PREVALENT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 430 PREVALENT: PRODUCT LAUNCHES
                       TABLE 431 PREVALENT: DEALS
             13.2.3 REDSEAL
                       TABLE 432 REDSEAL: BUSINESS OVERVIEW
                       TABLE 433 REDSEAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 434 REDSEAL: PRODUCT LAUNCHES
             13.2.4 SECURITYSCORECARD
                       TABLE 435 SECURITYSCORECARD: BUSINESS OVERVIEW
                       TABLE 436 SECURITYSCORECARD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 437 SECURITYSCORECARD: PRODUCT LAUNCHES
                       TABLE 438 SECURITYSCORECARD: DEALS
             13.2.5 CYBER INDEMNITY SOLUTIONS
                       TABLE 439 CYBER INDEMNITY SOLUTIONS: BUSINESS OVERVIEW
                       TABLE 440 CYBER INDEMNITY SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.6 CISCO
                       TABLE 441 CISCO: BUSINESS OVERVIEW
                       FIGURE 41 CISCO: COMPANY SNAPSHOT
                       TABLE 442 CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 443 CISCO: DEALS
                       TABLE 444 CISCO: OTHERS
             13.2.7 UPGUARD
                       TABLE 445 UPGUARD: BUSINESS OVERVIEW
                       TABLE 446 UPGUARD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 447 UPGUARD: PRODUCT LAUNCHES
             13.2.8 MICROSOFT
                       TABLE 448 MICROSOFT: BUSINESS OVERVIEW
                       FIGURE 42 MICROSOFT: COMPANY SNAPSHOT
                       TABLE 449 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 450 MICROSOFT: PRODUCT LAUNCHES
                       TABLE 451 MICROSOFT: DEALS
             13.2.9 CHECK POINT
                       TABLE 452 CHECK POINT: BUSINESS OVERVIEW
                       FIGURE 43 CHECK POINT: COMPANY SNAPSHOT
                       TABLE 453 CHECK POINT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 454 CHECK POINT: DEALS
             13.2.10 ATTACKIQ
                                   TABLE 455 ATTACKIQ: BUSINESS OVERVIEW
                                   TABLE 456 ATTACKIQ: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                                   TABLE 457 ATTACKIQ: PRODUCT LAUNCHES
                                   TABLE 458 ATTACKIQ: DEALS
             13.2.11 SENTINELONE
             13.2.12 BROADCOM
             13.2.13 ACCENTURE
             13.2.14 CYLANCE
             13.2.15 TRELLIX
             13.2.16 CYBERARK
             13.2.17 CYE
             13.2.18 SECURIT360
             13.2.19 FOUNDER SHIELD
     13.3 INSURANCE PROVIDERS 
             13.3.1 CHUBB
             13.3.2 AXA XL
             13.3.3 AIG
             13.3.4 TRAVELERS
             13.3.5 BEAZLEY
             13.3.6 ALLIANZ
             13.3.7 AON
             13.3.8 ARTHUR J. GALLAGHER
             13.3.9 AXIS CAPITAL
             13.3.10 CNA
             13.3.11 FAIRFAX
             13.3.12 LIBERTY MUTUAL HOLDING
             13.3.13 LLOYD’S OF LONDON
             13.3.14 LOCKTON
             13.3.15 MUNICH RE
             13.3.16 SOMPO INTERNATIONAL
     13.4 STARTUPS/SMES 
             13.4.1 AT-BAY
             13.4.2 CYBERNANCE
             13.4.3 COALITION
             13.4.4 RESILIENCE
             13.4.5 KOVRR
             13.4.6 SAYATA LABS
             13.4.7 ZEGURO
             13.4.8 IVANTI
             13.4.9 SAFEBREACH
             13.4.10 CRONUS CYBER TECHNOLOGIES
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
 
14 ADJACENT AND RELATED MARKETS (Page No. - 354)
     14.1 INTRODUCTION 
             14.1.1 LIMITATIONS
     14.2 CYBERSECURITY MARKET– GLOBAL FORECAST TO 2027 
             14.2.1 MARKET DEFINITION
             14.2.2 MARKET OVERVIEW
                       14.2.2.1 Cybersecurity market, by component
                                   TABLE 459 CYBERSECURITY MARKET, BY COMPONENT, 2016–2021 (USD MILLION)
                                   TABLE 460 CYBERSECURITY MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                       14.2.2.2 Cybersecurity market, by software
                                   TABLE 461 CYBERSECURITY MARKET, BY SOFTWARE, 2016–2021 (USD MILLION)
                                   TABLE 462 CYBERSECURITY MARKET, BY SOFTWARE, 2022–2027 (USD MILLION)
                       14.2.2.3 Cybersecurity market, by service
                                   TABLE 463 CYBERSECURITY MARKET, BY SERVICE, 2016–2021 (USD MILLION)
                                   TABLE 464 CYBERSECURITY MARKET, BY SERVICE, 2022–2027 (USD MILLION)
                       14.2.2.4 Cybersecurity market, by security type
                                   TABLE 465 CYBERSECURITY MARKET, BY SECURITY TYPE, 2016–2021 (USD MILLION)
                                   TABLE 466 CYBERSECURITY MARKET, BY SECURITY TYPE, 2022–2027 (USD MILLION)
                       14.2.2.5 Cybersecurity market, by vertical
                                   TABLE 467 CYBERSECURITY MARKET, BY VERTICAL, 2016–2021 (USD MILLION)
                                   TABLE 468 CYBERSECURITY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                       14.2.2.6 Cybersecurity market, by region
                                   TABLE 469 CYBERSECURITY MARKET, BY REGION, 2016–2021 (USD MILLION)
                                   TABLE 470 CYBERSECURITY MARKET, BY REGION, 2022–2027 (USD MILLION)
     14.3 DIGITAL INSURANCE PLATFORM MARKET 
             14.3.1 INTRODUCTION
             14.3.2 DIGITAL INSURANCE PLATFORM MARKET, BY COMPONENT
                       TABLE 471 DIGITAL INSURANCE PLATFORM MARKET, BY COMPONENT, 2016–2023 (USD BILLION)
             14.3.3 DIGITAL INSURANCE PLATFORM MARKET, BY END USER
                       TABLE 472 DIGITAL INSURANCE PLATFORM MARKET, BY END USER, 2016–2023 (USD BILLION)
     14.4 INSURANCE ANALYTICS MARKET 
             14.4.1 INTRODUCTION
             14.4.2 INSURANCE ANALYTICS MARKET, BY COMPONENT
                       TABLE 473 INSURANCE ANALYTICS MARKET, BY COMPONENT, 2016–2019 (USD MILLION)
                       TABLE 474 INSURANCE ANALYTICS MARKET, BY COMPONENT, 2020–2026 (USD MILLION)
             14.4.3 INSURANCE ANALYTICS MARKET, BY END USER
                       TABLE 475 INSURANCE ANALYTICS MARKET, BY END USER, 2016–2019 (USD MILLION)
                       TABLE 476 INSURANCE ANALYTICS MARKET, BY END USER, 2020–2026 (USD MILLION)
 
15 APPENDIX (Page No. - 365)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 

The research study for the cybersecurity insurance market involves extensive secondary sources, directories, and databases, such as D&B Hoovers and Bloomberg BusinessWeek to identify and collect information useful for a technical, market-oriented, and commercial study of the cybersecurity insurance market. The study involved four major activities in estimating the current size of the cybersecurity insurance market. Exhaustive secondary research was done to collect information on the cybersecurity insurance industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market break-up and data triangulation procedures were used to estimate the size of the segments and sub-segments of the market.

Secondary Research

In the secondary research process, various sources were used to identify and collect information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. Data was also collected from Information Systems Security Association (ISSA), Information Security Forum (ISF), European Cyber Security Organization (ECSO), European Union Agency for Cybersecurity (ENISA), UK Cyber Security Association (UKCSA), Association of Information Security Professionals (AISP), Japan Network Security Association (JNSA), National Association of Software and Services Companies (NASSCOM), Professional Information Security Association (PISA), Australian Information Security Association (AISA), Information Systems Security Association (ISSA), National Cyber Security Authority (NCA), American Risk and Insurance Association (ARIA), American Association of Insurance Services (AAIS), Cybersecurity insurance Association, European Insurance and Occupational Pensions Authority (EIOPA), ASEAN Insurance Council (AIC), DIFC Insurance Association NPIO, Association of Insurance Supervisors in Latin America (ASSAL), and OECD. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The cybersecurity insurance market comprises several stakeholders: service providers, solution vendors, system integrators, technology partners, consulting firms, research organizations, Managed Service Providers (MSPs), government agencies, financial bodies, resellers and distributors, enterprise users, and technology providers. The supply side includes cybersecurity insurance solutions providers. Various primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary interviews were conducted to gather insights, such as market statistics, data of revenue collected from the products and services, market break-ups, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, deployment, and region. The demand side of the market consists of financial institutions, investors, and insurance companies. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), and Chief Strategy Officers (CSOs), and installation teams of governments/end users using cybersecurity insurance solutions were interviewed to understand the buyer’s perspective.

Cybersecurity Insurance Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Multiple approaches were adopted to estimate and forecast the Cybersecurity insurance market. The first approach involves estimating the market size by summating companies’ revenue generated through Cybersecurity insurance solutions. In this approach for market estimation, we identified the key companies offering Cybersecurity insurance by offerings: solutions, and services.

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Cybersecurity insurance market. These methods were extensively used to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
  • All percentage shares, splits, and break-ups have been determined using secondary sources and verified through primary sources.

Cybersecurity insurance Market Size: Bottom-Up Approach

Cybersecurity Insurance Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size, the cybersecurity insurance market was divided into several segments and subsegments. The data triangulation procedures were used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with data triangulation and market breakdown, the market size was validated by the top-down and bottom-up approaches.

Market Definition

The cybersecurity insurance market refers to the sector within the insurance industry that provides coverage and financial protection against cyber risks and losses resulting from cyber incidents. It encompasses insurance policies specifically designed to address the financial impact of data breaches, cyberattacks, ransomware, business interruption, legal liabilities, and other related expenses. The market offers various types of cybersecurity insurance coverage options tailored to different industries and organizational needs. The primary purpose of cybersecurity insurance is to help organizations mitigate financial risks, recover from cyber incidents, and provide support in navigating the complex landscape of cyber threats.

Key Stakeholders

  • Cybersecurity insurance solution providers
  • Independent Software Vendors (ISVs)
  • Investors and Venture Capitalists (VCs)
  • Support and maintenance service providers
  • Value-added Resellers (VARs) and distributors

Report Objectives

  • To determine and forecast the global Cybersecurity insurance market by offering (solutions, and services), insurance coverage, insurance type, compliance requirements, end user, and region from 2023 to 2028, and analyze the various macroeconomic and microeconomic factors that affect the market growth.
  • To forecast the size of the market segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA).
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Cybersecurity insurance market.
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall Cybersecurity insurance market.
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Cybersecurity insurance market.
  • To profile the key market players; provide a comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the competitive landscape of the market.
  • In the market, track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further break-up of the Asia Pacific market into countries contributing 75% to the regional market size
  • Further break-up of the North American market into countries contributing 75% to the regional market size
  • Further break-up of the Latin American market into countries contributing 75% to the regional market size
  • Further break-up of the MEA market into countries contributing 75% to the regional market size
  • Further break-up of the European market into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

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Report Code
TC 7758
Published ON
Jul, 2023
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