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Follow on Google News |  Global Cyber Insurance Market is expected to grow at a substantial CAGR of above 23%The market for cyber insurance was estimated at US$ 9.0 billion in 2022 and is projected to expand at a rapid growth rate of 23.4 percent during the period between 2022 and 2028
By: RationalStat The market for cyber insurance was estimated at US$ 9.0 billion in 2022 and is projected to expand at a rapid growth rate of 23.4 percent during the period between 2022 and 2028. The main factors that drive the expansion of the cyber insurance market are the growing complexity of cyber-attacks, and the increase in ransomware attacks, which resulted in a ransom amount of US$426 by 2020. RationalStat has segmented the global cyber insurance market on the basis of cyber loss type, coverage type, enterprise size, insurance type, end user, and region.
o Digital Damage § IP Theft § Business Interruption § Digital Assets o Physical Damage
o First-Party o Liability Coverage § Forensics § Notification § Credit Monitoring § Public Relations § Reputational Risk § Legal Defense § Settlement Costs § Crisis Management § Recovery Costs § Regulatory Fines
o Standalone o Custom/Tailored
o SMEs o Large Enterprises
o Healthcare o Retail o BFSI o Retail o IT & Telecom o Manufacturing o Others (Government, Travel & Tourism, etc.)
o North America Cyber Insurance Market § US § Canada o Latin America Cyber Insurance Market § Brazil § Mexico § Rest of Latin America o Western Europe Cyber Insurance Market § Germany § UK § France § Spain § Italy § Benelux § Nordic § Rest of Western Europe o Eastern Europe Cyber Insurance Market § Russia § Poland § Rest of Eastern Europe o Asia Pacific Cyber Insurance Market § China § Japan § India § South Korea § Australia § ASEAN (Indonesia, Vietnam, Malaysia, etc.) § Rest of Asia Pacific o Middle East & Africa Cyber Insurance Market § GCC § South Africa § Turkey § Rest of the Middle East & Africa For more information about this report https://store.rationalstat.com/ End
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