1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
Developments in Cyberinsurance

Developments in Cyberinsurance

  • May 2017
  • 51 pages
  • ID: 4956456
  • Format: PDF
  • By GlobalData

Summary

Table of Contents

Search Inside

Synopsis
Timetric’s 'Insight Report: Developments in Cyberinsurance' analyzes the evolution and expansion of cyberinsurance in the global market.

The globalization of value chains, rapid urbanization, continuous financial integration and the internet’s ubiquity have accelerated worldwide economic growth in the past few decades. Unfortunately, these developments have also significantly increased vulnerability to external shocks in the form of cybercrime.

Increasing digitization has allowed cybercriminals to hack important data or disrupt the operational efficiency of various organizations. The growing threat of cyberattacks has positioned cyberinsurance as an important and effective risk-mitigation tool.

Although cyberinsurance does not replace the need for cybersecurity technology, it has the ability to complement cybersecurity standards through mitigating cyber risk.

The report also analyzes regional and industry level developments, and risks pertaining to cyberinsurance. Knowledge of cyber-risk at granular level is critical when underwriting cover suited to business or industry-specific needs.


Summary
Timetric’s 'Insight Report: Developments in Cyberinsurance' analyzes the growing significance of cyberinsurance as a cyber-risk-mitigation strategy. It provides:

- A global overview of cyberinsurance, and discusses the market dynamics by analyzing key trends, opportunities and challenges

- An industry-level assessment of risk

- Insights into the ongoing development of cyberinsurance

- An overview of the various regulatory changes

- Analysis of policy gaps and underwriting issues

- Insight into innovation in cyberinsurance, with respect to product development and strategic partnerships

- A snapshot of recent developments in leading cyberinsurance regions


Scope
- This report analyzes the significance of cyberinsurance as a cyber-risk-mitigation tool.

- It analyzes policy gaps and underwriting issues.

- It discusses innovation in cyberinsurance with respect to product development and strategic partnerships

- It provides a snapshot of recent developments in the leading cyberinsurance regions


Reasons To Buy
- Build an understanding about the cyberinsurance market from a global perspective

- Develop an insight into market trends and drivers

- Gain an understanding of regulations in particular regions or industries related to cyberinsurance

- Learn about different competitive strategies in the industry


Key Highlights
- Cyber-risk insurance premiums are relatively high – around three times higher than commercial general liability policies, and six times higher than property insurance, according to a study by Marsh and the UK Government in 2015.

- The final version of General Data Protection Regulation (GDPR) has been adopted and will be enforced by May 25, 2018, following a proposal by the European Commission in 2012.

- According to the annual Ponemon Cost of Data Breach 2016 report, the consolidated average per capita cost for 12 countries – the US, Canada, the UK, Germany, France, Italy, Australia, Japan, the Middle East, Brazil, India and South Africa – was US$158, compared to an average of US$154 in 2015, excluding South Africa.

- Europe has the world’s second-largest regional cyberinsurance market, accounting for around US$150 million in premiums according to broker Marsh & McLennan. Allianz has estimated that the European cyberinsurance market could reach US$1 billion by 2018, as regulation and overall knowledge grow.

- In May 2016, the Hong Kong Monetary Authority (HKMA) announced its Cybersecurity Fortification Initiative (CFI) that establishes a framework for assessing vulnerability to cyber-risks, creates a program for building cybersecurity expertise, and provides a platform for industry sharing of cyberintelligence.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
25% Off

($3800)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Cyber Insurance Global Market Opportunities And Strategies To 2030

Cyber Insurance Global Market Opportunities And Strategies To 2030

  • $ 4000
  • December 2019

Cyber Insurance Global Market Opportunities And Strategies To 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global cyber insurance ...

Internet of Things (IoT) Security Market - Growth, Trends, and Forecast (2019 - 2024)

Internet of Things (IoT) Security Market - Growth, Trends, and Forecast (2019 - 2024)

  • $ 4250
  • October 2019

Market OverviewThe internet of things (IoT) market was valued at USD 1130.16 million in 2018, and it is expected to reach a value of USD 6062.77 million by 2024, registering a CAGR of 31.87% over the forecast ...

Jordan Insurance Industry: Key Trends and Opportunities to 2022

Jordan Insurance Industry: Key Trends and Opportunities to 2022

  • $ 3999
  • November 2019

Jordan Insurance Industry: Key Trends and Opportunities to 2022Summary’Jordan Insurance Industry: Key Trends and Opportunities to 2022’ report provides in-depth analysis, information and insights into ...


ref:plp2017

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on