Technology has become an integral part of organizations, including recent innovations such as the Internet of Things (IoT), robotics, artificial intelligence, and augmented and virtual reality. This is generating new levels of automation, smart buildings, e-mobility, and even smart cities. However, these developments also create new threats. The insurance industry is playing catch-up with the rapid rise in cyber-related risks. Cyber risk has gained significant interest in the past few years ... Read more
Technology has become an integral part of organizations, including recent innovations such as the Internet of Things (IoT), robotics, artificial intelligence, and augmented and virtual reality. This is generating new levels of automation, smart buildings, e-mobility, and even smart cities. However, these developments also create new threats. The insurance industry is playing catch-up with the rapid rise in cyber-related risks.
Cyber insurance is offered by insurers as a solution due to growing number of data breaches worldwide which creates lots of damage to businesses. Loss of data is observed as one of the significant risks to businesses and has a massive effect on the company earnings. Various companies have started seeing for ways of protecting themselves against cyber threats. Traditional cyber insurance policies are provided only for protection ... Read more
The report "Cyber Insurance Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026" gives complete assessment of the latest trends, challenges of market.
The objectives of this study are as follows:
To define, describe, and forecast the "Cyber Insurance" market by type, application, component, delivery model, end user, and region
The Latest Research Report "Cyber Insurance Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026" provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. – MarketResearchReports.biz
The global cyber insurance market is expected to gain momentum owing to the significant importance that cyber risk has gained within the period of just a few years. Since technology has made ... Read more
The Business Research Company’s Cyber Insurance Marketcovers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
The cyber insurance market consists of sales of cyber insurance products and related services by entities (organizations, sole traders and partnerships) that ... Read more
The global cyber insurance marketattained a size of $3,416.4 million in 2016, as per P&S Intelligence, which also said that the market will grow at a CAGR of more than 20.0% in the coming years. Currently, large enterprises are the major buyers of cyber insurance as they have ample budgets, which is also why such companies will be the most significant users of insurance schemes in the ... Read more
One of the major factors resulting in the growing adoption of cyber insurance across different industries is the supply chain cyber risk. The impact on an organization or enterprise is quite huge if the sensitive data of supply chain is breached. The loss of consumer confidence, drop in stock price, business experience financial penalties, and legal cost are some risks faced by businesses due to supply chain breach.
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