The Source for Cyber Insurance News, Insights and Data
In the ever-evolving landscape of cyber threats and data breaches, the cyber insurance market has emerged as a robust and rapidly growing industry. According to a recent report by market research institution P&S Intelligence, the cyber insurance market, which was valued at USD 11,904.6 million in 2022, is set to skyrocket to USD 48,328.4 million … Read more
According to the latest report by IMARC Group, Japan’s cyber insurance market is expected to grow at a compound annual growth rate (CAGR) of 23.10% during 2023-2028. This rapid growth is being driven by a number of factors, including: Cyber Insurance: A Must-Have for Businesses in the Digital Age Cyber insurance is an essential tool … Read more
The global Cyber Insurance Market is poised for substantial growth. New research expects it to reach a staggering USD 97.6 billion by 2032. Analysis from Acumen Research and Consulting indicates this surge is driven by the escalating frequency and severity of cyber-attacks worldwide. Cyber insurance, designed to cover financial losses resulting from cyber threats such … Read more
Consistent with other recent reports, S&P Global Ratings finds global cyber insurance premiums surging, about $12 billion last year and headed to almost twice that by 2025. At the same time, increases in premium rates have moderated. The cybersecurity market has “returned to profitability,” accord to S&P. The news is less positive concerning reinsurers, which … Read more
The global cyber insurance market growth is projected to rise from $16.66 billion in 2023 to $84.62 billion by 2030 according to the IMARC Group. The increasing number of cyberattacks and the need to protect critical assets are some of the key factors driving the growth of the market. The market is segmented by type, … Read more