Back to Reports

Thematic Intelligence: Cybersecurity in Insurance

Published: 29 June 2022 Code: GDIN-TR-S050

  • GlobalData’s ‘Cybersecurity in Insurance’ report provides a comprehensive overview of increased cybersecurity risks affecting and its implications for the insurance sector. The report discusses how the increased cyber risk puts insurance companies holding sensitive information at risk of data breaches and therefore lawsuits. Furthermore, the report discusses how despite increased demand for cybersecurity covers, insurance companies face a challenge trying to navigate the risks and improve penetration rates.
  • GlobalData forecasts the cybersecurity revenues in the insurance sector will grow from $6.4 billion in 2020 to $10.6 billion in 2025.
  • Although cybersecurity risk awareness has increased sentiment towards cybersecurity remains low.
  • The increased risk of cyberattacks has made cyber insurance provision far riskier for insurers as the chance of a payout is greater.
  • The changing cyber insurance market landscape poses obstacles to the widespread adoption of cyber cover. Insurers have begun to reduce coverage limits and increase premiums.

Register below for a copy of your FREE report

 

First name is required
Last name is required
Job Title is required
Company is required
Work email is required
Country is required
Industry is required

By clicking Sign up for free, you consent to GlobalData UK Limited collecting your details for the purposes of registering your account.

Please accept GlobalData Terms & Conditions
Please agree GlobalData Privacy Policies

GDPR + CCPA Compliant

Personal & transactional information is kept safe from unauthorized use.

GlobalData uses the information in this form to provide you with occasional updates on new products and reports in accordance with your preferences. You are in control of the communications you receive from us and you can update your preferences anytime to make sure you are receiving information that matters to you. Please check our Privacy Policy to see how we protect and manage your submitted data.

Still looking?

Have you explored all of our expert analysis? Uncover your next opportunity with our reports.

Explorer

Access more premium companies when you subscribe to Explorer