File this under “important if true.” We put limited credence in the specifics of market reports such as these, but the combined trendlines produced by these various reports indicate rapid growth of the cyber insurance sector, which is consistent with recent historical results and the expectations of informed market participants.
“The global cyber insurance market was valued at US$7291 million in 2020 and is projected to grow at a CAGR of 21.4% during the forecast period 2021-2031.”
Visiongain has published a new report entitled the Cyber Insurance Market from 2021-2031. It includes profiles of Cyber Insurance and Forecasts Market Segment by Type (Standalone Insurance, Packaged Insurance) Market Segment by Cyber Event (Data-Malicious Breach, Unauthorized/Unintentional Disclosure, Physical Damage, Website Disruption, Phishing/Spoofing, Skimming/Tampering) Market Segment by Coverage (Data Breach, Data Loss, Denial of Service/Down-time, Ransomware Attacks, Other Coverage) Mark
Source: Cyber Insurance Market Set to Grow at a CAGR of 21.4% by 2031: Visiongain Research Inc.