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(I-SoftwareNews.Com, November 27, 2018 ) Global Cyber Insurance Industry was valued at USD 5.06 Billion in the year 2017. Global Cyber Insurance Industry is further estimated to grow at a CAGR of 26.28% from 2018 to 2025 to reach USD 32.78 Billion. North America region holds the highest Industry share in 2017 with Asia Pacific region is considered as the fastest growing Industry in the forecasted period. At a country level, U.S. is the biggest Industry in 2017 and it is projected to grow at a gradual pace in the coming years.
The major Industry Players in Cyber Insurance Industry are American International Group Inc., Chubb Limited, XL Group Limited, Beazley PLC, Allianz Group, Zurich Insurance Group, Munich Re Group (Other 13 companies information is provided in research report). Growth strategies such as acquisition, merger, and expansion of the business network were few techniques adopted by most of Tier 1 and Tier 2 service providers in recent years.
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The Financial Institution segment is expected to hold the highest Industry share during the forecast period. The Financial institute holds the largest share because it includes banking and investment companies who have the high risk of cyber-attacks.
On the other hand, Large Scale Enterprises Industry for Cyber Insurance is expected to grow at the highest CAGR during the year 2018-2025. Large-scale enterprises hold the largest Industry share because enterprise risk transfer is more as compared to small-medium enterprises.
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By Type
First-Party Coverage
Third-Party Coverage
By Company Size
Small-Medium Scale Enterprise ($2.7 Million to $1 Billion)
Large Scale Enterprise ($1.4 Billion and above)
By End-User Industry
Financial Institutes
Retail
Healthcare
Professional and Business services
Manufacturing
Information Technology and services
Others
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By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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