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  • Cyber Insurance Key Figures Major Risks&Trends 1200x627 1

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    Fernando Oliveira
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    Cyber insurance is a growing market estimated to reach $6 trillion by 2021, up from $3 trillion in 2015, driven by factors like digital transformation, rising cyber attacks, and increased regulation. The United States currently has the largest cyber insurance market, followed by Europe and Asia-Pacific, where growth is highest. Early adopters of cyber insurance include the healthcare, education, and hospitality industries, while manufacturing and telecom/media/technology sectors are lagging behind. Cyber policies cover risks such as cyber business interruption, cybercriminal damage, breach costs, ransomware, crisis containment, privacy protection, and media liability.

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    Cyber insurance is a growing market estimated to reach $6 trillion by 2021, up from $3 trillion in 2015, driven by factors like digital transformation, rising cyber attacks, and increased regulation. The United States currently has the largest cyber insurance market, followed by Europe and Asia-Pacific, where growth is highest. Early adopters of cyber insurance include the healthcare, education, and hospitality industries, while manufacturing and telecom/media/technology sectors are lagging behind. Cyber policies cover risks such as cyber business interruption, cybercriminal damage, breach costs, ransomware, crisis containment, privacy protection, and media liability.

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    3 views1 page

    Cyber Insurance Key Figures Major Risks&Trends 1200x627 1

    Uploaded by

    Fernando Oliveira
    Cyber insurance is a growing market estimated to reach $6 trillion by 2021, up from $3 trillion in 2015, driven by factors like digital transformation, rising cyber attacks, and increased regulation. The United States currently has the largest cyber insurance market, followed by Europe and Asia-Pacific, where growth is highest. Early adopters of cyber insurance include the healthcare, education, and hospitality industries, while manufacturing and telecom/media/technology sectors are lagging behind. Cyber policies cover risks such as cyber business interruption, cybercriminal damage, breach costs, ransomware, crisis containment, privacy protection, and media liability.

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    Cyber Insurance

    Key Figures, Drivers, Sectors and Policies

    1 2
    KEY FIGURES DRIVERS SECTORS
    • Cybercrime Damages are • Digital Transformation bringing Early Adopters:
    estimated to reach $6 trillion by huge benefits and important risks • Healthcare
    2021, up from $3 trillion in 2015 • Important rise in cyber attacks • Education
    • Strong growth for cyber insurance • Regulation • Hospitality
    till 2025 registering a CAGR between • Growth in awareness of cyber risks • Gaming
    20-25% • Innovative technology available to • Financial Services
    • US is the largest market followed measure and assess risks Lagging Behind:
    by Europe and APAC (Highest • New innovative underwriting • Manufacturing
    Growth) platforms • Telecom, Media and Technology

    4 CYBER POLICY: RISKS COVERED


    • Cyber Business Interruption • Ransomware • Crisis Containment
    • Cybercriminal Damage • Breach Costs • Privacy Protection
    • Cyber Liability • Media Liability

    1st Global Cybersecurity Observatory - Insight SO cyberstartupobservatory.com

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