Mercado mundial de seguros cibernéticos: tendencias de la industria y pronóstico hasta 2031

Análisis del mercado de seguros cibernéticos

La personalización de pólizas en el mercado de seguros cibernéticos se refiere a la adaptación de la cobertura de seguros para satisfacer las necesidades y los riesgos específicos de cada empresa. Esta aplicación permite a las empresas seleccionar límites y tipos de cobertura que aborden sus amenazas cibernéticas específicas, como violaciones de datos, ataques de ransomware o robo de propiedad intelectual. La personalización también se extiende a la inclusión de servicios complementarios como evaluaciones proactivas de ciberseguridad, gestión de crisis y asistencia legal adaptada al tamaño de la organización, la industria y los requisitos regulatorios.

Tamaño del mercado de seguros cibernéticos

El mercado mundial de seguros cibernéticos se valoró en USD 15.05 mil millones en 2023 y se proyecta que alcance los USD 92.00 mil millones para 2031, con una CAGR del 25,40% durante el período de pronóstico de 2024 a 2031. Además de los conocimientos del mercado, como el valor de mercado, la tasa de crecimiento, los segmentos del mercado, la cobertura geográfica, los actores del mercado y el escenario del mercado, el informe de mercado curado por el equipo de investigación de mercado de Data Bridge incluye un análisis experto en profundidad, análisis de importación / exportación, análisis de precios, análisis de consumo de producción y análisis pestle.

Alcance del informe y segmentación del mercado       

Definición del mercado de seguros cibernéticos

El seguro cibernético es un tipo de cobertura de seguro diseñada para proteger a las empresas y a las personas de los riesgos y amenazas de Internet. Por lo general, cubre las pérdidas relacionadas con violaciones de datos, ciberataques, ransomware y otras formas de ciberdelito. Las pólizas pueden incluir cobertura de los costos asociados con las investigaciones, los honorarios legales, las notificaciones a las partes afectadas y las pérdidas financieras resultantes de incidentes cibernéticos.

Dinámica del mercado de seguros cibernéticos

Conductores

• Aumento de regulaciones estrictas

Regulaciones como el RGPD en Europa y la CCPA en California imponen requisitos estrictos sobre cómo las empresas manejan y protegen los datos personales, con sanciones sustanciales en caso de incumplimiento. Para mitigar los riesgos financieros asociados con las multas regulatorias y los costos legales, las empresas recurren cada vez más a las compañías de seguros cibernéticos. Estas compañías ofrecen pólizas que brindan cobertura para gastos legales y multas regulatorias, lo que incentiva medidas proactivas de ciberseguridad para alinearse con los estándares regulatorios. Esta alineación ayuda a las empresas a gestionar el cumplimiento de manera más eficaz y, al mismo tiempo, protegerse contra posibles responsabilidades financieras derivadas de filtraciones de datos y violaciones de la privacidad.

• Aumento de la incidencia de ciberataques

A medida que las amenazas cibernéticas se vuelven más sofisticadas y frecuentes, las empresas enfrentan mayores riesgos de violaciones de datos, ataques de ransomware y otras formas de delitos cibernéticos que pueden resultar en pérdidas financieras sustanciales y daños a la reputación. Esta tendencia ha aumentado la conciencia entre las organizaciones sobre la importancia de mitigar estos riesgos a través de la cobertura de seguros. El seguro cibernético ofrece protección financiera al cubrir los costos relacionados con la respuesta a incidentes, incluidas las investigaciones forenses, los honorarios legales y las notificaciones a los clientes. A medida que las empresas buscan proteger sus operaciones y recuperarse rápidamente de los incidentes cibernéticos, la demanda de pólizas de seguro cibernético que aborden estos riesgos específicos continúa creciendo rápidamente.

Oportunidades

• Mayor concienciación entre las empresas

Heightened awareness among businesses about cyber threats and data breaches presents a significant opportunity for the cyber insurance market. As companies increasingly recognize the financial and operational risks associated with cyberattacks, they are more expected to seek comprehensive coverage to mitigate these risks. This growing awareness drives demand for cyber insurance policies that offer protection against data breaches, ransomware attacks, and other cyber incidents. Consequently, insurers can expand their offerings and attract a broader customer base, fueling market growth and innovation in cyber risk management solutions.

• Growing Demand for Cyber Insurance

As cyber threats such as ransomware attacks become increasingly prevalent, businesses are seeking robust protection against potential financial losses from extortion attempts. This need drives demand for specialized cyber insurance policies that cover extortion-related costs, including ransom payments and associated recovery expenses. Insurance providers are developing tailored products to address these emerging risks, offering businesses financial safeguards and expert support. Consequently, the rise in cyber extortion incidents creates a lucrative market for innovative insurance solutions, presenting substantial growth prospects for insurers in this space.

Restraints/Challenges

• High Policy Complexity

Policy complexity is the intricate nature of coverage terms, conditions, and exclusions. Insurers often tailor policies to address specific cyber risks, resulting in a wide range of coverage options that can be challenging for businesses to navigate. Understanding the scope of coverage, limitations, and obligations under different policy scenarios requires technical expertise and careful scrutiny. This complexity can deter businesses from purchasing adequate coverage or lead to disputes during claims processing, hindering the market's growth and effectiveness in addressing cyber risks comprehensively.

• High Fluctuations in Prices

The unpredictability of cyber risks and their frequency and severity can lead insurers to adjust premiums frequently, causing instability for businesses budgeting for insurance costs. The lack of historical data and actuarial models specific to cyber risks make it challenging for insurers to accurately price policies, leading to wide variations in premiums based on perceived risk. Thirdly, large-scale cyber events can trigger sudden increases in demand for coverage, driving up prices due to limited underwriting capacity. These fluctuations complicate risk management and financial planning for businesses, potentially deterring some from investing in adequate cyber insurance protection.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development in Cyber Insurance Makret

• In December 2022, Grover announced Grover Connect in the U.S., collaborating with Gigs to operate as a mobile virtual network operator (MVNO). This service complements Grover's tech rental offerings, enhancing connectivity options for users
• In October 2022, Upcover launched Cyber and Privacy Liability Insurance targeted at Australian SMEs, following the Optus cyberattacks and in line with Cyber Security Awareness Month. The insurance aims to protect small businesses from financial losses due to cyber incidents
• In August 2022, Coalition completed the acquisition of Digital Affect Insurance Company from Munich Re Digital Partners U.S. Holding Corporation, after receiving regulatory approval across all 50 states. Coalition specializes in proactive digital risk mitigation, distinguishing itself as an Active Insurance company in the property and casualty sector

Cyber Insurance Market Scope

The market is segmented on the basis of component, insurance type, insurance coverage, organization size and application coverage type, end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Solutions
  • Cybersecurity Insurance Analytics platform
  • Disaster Recovery and Business Continuity
  • Cybersecurity Solution
  • Cyber Risk and Vulnerability Assessment
  • Cybersecurity Resilience
• Services
  • Consulting/Advisory
  • Security Awareness Training
• Other
  • Infrastructure Services
  • Implementation
  • Support and Maintenance

Insurance Type

• Packaged
• Standalone

Insurance Coverage

• Data Breach
  • Data Loss
  • Denial of Service and Down-Time
  • Ransomware Attacks
  • Others
    • Third Party data
    • Business Disruption
    • Social Engineering
• Cyber Liability
• Source/target
  • Internal
  • External

Organization Size

• Large Enterprises
• Small and Medium-Sized Enterprises

Application

• Information and Communication Technology
• Financial Services
• Manufacturing
• Retail
• Healthcare
• Others

Coverage Type

• First Party Coverage
  • Theft and Fraud
  • Computer Program and Electronic Restoration
  • Extortion
  • Forensic Investigation
  • Business Interruption
• Third-Party Coverage
  • Crisis Management
  • Credit Monitoring
  • Regulatory Response
  • Privacy, and Security Liability
  • Network Security Liability
  • Media and Communication Liability

End user

• Technology Provider
• Insurance Companies
• Third-party administrators, brokers and Consultancies
• Government Agencies
• Insurance Provider
• Financial provider IT and ITES
• Healthcare and Life Sciences
• Retail and E-commerce
• Telecom
• Travel, tourism and Hospitality
• Others
  • Education
  • Manufacturing
  • Energy and Utilities and Government

Cyber Insurance Market Region Analysis

The market is analyzed and market size, volume information is provided by country, type, deployment and end user as referenced above.    

The countries covered in the market report are the U.S., Canada, Mexico, Brazil, Argentina and Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).

North America dominates the market due to substantial investments in R&D by the IT and communication sectors, along with rapid technological advancements. The region benefits from a favorable regulatory framework, heightened customer expectations, and intense market competition. These factors collectively contribute to North America's dominance in the OT security landscape.

Asia-Pacific is expected to experience rapid growth due to its expanding industrial development and the presence of numerous manufacturing organizations. There is a rising need to consolidate threat detection and prevention operations in this area. Additionally, enterprises are increasingly emphasizing the importance of security measures, driving the demand for advanced security solutions.

The country section of the global sales force automation software market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Cyber Insurance Market Share

El panorama competitivo del mercado proporciona detalles por competidor. Los detalles incluidos son una descripción general de la empresa, las finanzas de la empresa, los ingresos generados, el potencial de mercado, la inversión en investigación y desarrollo, las nuevas iniciativas de mercado, la presencia global, los sitios e instalaciones de producción, las capacidades de producción, las fortalezas y debilidades de la empresa, el lanzamiento de productos, la amplitud y variedad de productos, y el dominio de las aplicaciones. Los puntos de datos anteriores proporcionados solo están relacionados con el enfoque de las empresas en relación con el mercado.

Algunos de los principales actores que operan en el mercado son:

• American International Group, Inc. (Estados Unidos)
• Cisco Systems, Inc. (Estados Unidos)
• Aon Plc (Reino Unido)
• IBM (Estados Unidos)
• Check Point Software Technologies Ltd. (Israel)
• CyberArk Software Ltd. (Estados Unidos)
• F5, Inc. (Estados Unidos)
• FireEye, Inc. (Estados Unidos)
• Forcepoint (Estados Unidos)
• Fortinet, Inc. (Estados Unidos)
• Amazon Web Services, Inc. (Estados Unidos)
• Oracle (Estados Unidos)
• Palo Alto Networks (Estados Unidos)
• Imperva (Estados Unidos)
• Qualys, Inc. (Estados Unidos)
• Accenture (Irlanda)
• HCL Technologies Limited (India)
• Capgemini (Francia)
• Cognizant (Estados Unidos)
• Broadcom (Estados Unidos)
• Wipro (India)

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