1 / 7

Cybersecurity Insurance Market Trends, Analysis & Forecast, 2032

In December 2023, The United India Insurance Company Limited, a public sector entity, announced that it is venturing into the retail cybersecurity insurance sector. Introducing three distinct products, they aimed to safeguard laptops and personal computers (PCs) from cyber attacks. Satyajit Tripathy, the company's chairman and managing director, stated that these policies will debut before March 2024. Tripathy emphasized the surging demand for retail insurance due to escalating cybersecurity threats. Stringent data protection regulations worldwide (such as GDPR in Europe and CCPA in the U.S.)

sudeepkedar77
Télécharger la présentation

Cybersecurity Insurance Market Trends, Analysis & Forecast, 2032

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Cybersecurity Insurance Market Growth Analysis & Forecast Report | 2024-2032

  2. Industry Insights • Cybersecurity Insurance Marekt size could reach USD 88.8 billion by 2032. As per the report, the cybersecurity insurance market witnesses soaring demand as industries and companies delve deeper into cybersecurity. • In December 2023, The United India Insurance Company Limited, a public sector entity, announced that it is venturing into the retail cybersecurity insurance sector. Introducing three distinct products, they aimed to safeguard laptops and personal computers (PCs) from cyber attacks. Satyajit Tripathy, the company's chairman and managing director, stated that these policies will debut before March 2024. Tripathy emphasized the surging demand for retail insurance due to escalating cybersecurity threats. Stringent data protection regulations worldwide (such as GDPR in Europe and CCPA in the U.S.) mandate organizations to adhere to specific cybersecurity standards, further propelling the industry demand.

  3. IT & Telecom segment is projected to grow at a significant CAGR till 2032. With rapid technological advancements and increased reliance on interconnected networks, these industries face amplified cyber risks. • To fortify against threats like data breaches and system compromises, IT & Telecom companies are increasingly seeking specialized cyber insurance. This surge in demand reflects the necessity to safeguard critical infrastructure, ensuring continuity and resilience in the face of evolving cyber threats. • Large enterprises cybersecurity insurance market will witness a lucrative growth up to 2032, claims the study. Large companies with expansive digital footprints face heightened risks of cyber-attacks and data breaches. To shield against potential financial losses and reputational damage, these organizations invest in comprehensive cyber insurance. This demand arises from the imperative to fortify defenses and mitigate the impact of sophisticated cyber incidents.

  4. Regional Analysis • APAC market is expected to increase exponentially over the forecast period, due to burgeoning digital expansion and technological adoption leading to businesses in Asia Pacific grappling with amplified cyber risks. This surge in demand for cyber insurance stems from the imperative to fortify against sophisticated threats like data breaches and ransomware attacks. • Competitive Analysis • American International Group Inc. • Aon PLC • Axis Capital • BitSight • Corporation • Liberty Mutual • Lockton Companies Inc.

  5. Cybersecurity Insurance Market   @ https://www.gminsights.com/industry-analysis/cybersecurity-insurance-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/6407 Request for customization: https://www.gminsights.com/roc/6407

  6. Stay In Touch Social Media:

  7. THANK YOU www.gminsights.com

More Related