Cybersecurity in Insurance – Thematic Intelligence

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Cybersecurity in Insurance Thematic Intelligence Report Overview

Cybersecurity is widely recognized as a disruptive theme by many industries including insurance. Robust cybersecurity defenses are essential in the insurance industry to mitigate the risk caused by rapid digitalization, and geopolitical conflicts. Global cybersecurity revenues in insurance are headed for strong growth over the next three years.

The ‘Cybersecurity in Insurance’ thematic intelligence report explores the impact of cybersecurity at every level of the insurance value chain. It provides a comprehensive analysis of the industry, including real-life case studies that showcase the areas of cybersecurity in which insurance companies should focus their time and resources to protect their networks, systems, and sensitive data. It also covers value chain insights, sectoral scorecard analysis, market players, and the competitive landscape within the theme.

Page No. 55
Key Value Chain Components ·       Hardware

·       Software

·       Services

Leading Cybersecurity Adopters ·       AIG

·       Allianz

·       Aon

Leading Cybersecurity Vendors ·       Accenture

·       Alphabet

·       Check Point

·       Cisco

·       Cloudflare

Leading Specialist Cybersecurity Vendors ·       Blackberry

·       CyberCube

·       Portnox

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Cybersecurity Value Chain Analysis

The cybersecurity value chain is categorized into hardware, software, and services. The software component can be further sub-segmented into identity management, and network security, among others.

The Cybersecurity Value Chain

The Cybersecurity Value Chain

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Cybersecurity in Insurance – Competitive Landscape

A few leading insurance companies deploying cybersecurity are:

  • AIG
  • Allianz
  • Aon

A few leading vendors associated with the cybersecurity theme are:

  • Accenture
  • Alphabet
  • Check Point
  • Cisco
  • Cloudflare

A few leading specialist cybersecurity vendors in the insurance sector are:

  • Blackberry
  • CyberCube
  • Portnox

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Sector Scorecard Analysis

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our scorecard has three screens: a thematic screen, a valuation screen, and a risk screen.

  • The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
  • The valuation screen ranks our universe of companies within a sector based on selected valuation
  • The risk screen ranks companies within a particular sector based on overall investment risk.

Life Insurance Sector Scorecard

Life Insurance Sector Scorecard

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Scope

This report provides an in-depth look at the cybersecurity theme in the insurance sector, covering industry challenges, how cybersecurity impacts these challenges, the cybersecurity investment matrix, case studies, the value chain, market forecasts, industry signals, and more.

Key Highlights

  • With increased digitalization, all insurance firms must now prioritize cybersecurity.
  • COVID-19 has forced firms to digitalize at a fast pace, leaving more surface area open for cyberattacks.
  • In 2019 global security revenues in the insurance industry were $5bn. By 2024 this figure will reach $6.4bn.

Reasons to Buy

  • Position yourself for success by understanding how cybersecurity—one of the biggest themes of the decade—should be deployed within the insurance sector to mitigate the challenges of rapid digitalization.
  • Source the leading and specialist vendors of cybersecurity technologies for the insurance sector. Discover what each vendor offers and who some of their existing clients are.
  • Quickly identify attractive investment targets in the insurance industry by understanding which companies are most likely to be winners in the future based on our thematic scorecard.
  • Gain a competitive advantage in the insurance industry by understanding the value of cybersecurity solutions for each segment of the insurance value chain.
  • Benchmark yourself against the rest of the market.

AIG
Allianz
Aviva
Chubb
Hiscox
Marsh
Munich Re
Ping An
Swiss Re
Travelers
Zurich Insurance
Tokio Marine Holdings
Prudential Financial
Allstate
Bright Health

Table of Contents

  • 1. Executive Summary

    • 1.1. Inside
    • 1.2. Related reports
    • 1.3. Report types

  • 2. Players
  • 3. Value Chain
  • 4. Insurance Challenges

    • 4.1. Insurers are targets for cyberattack

  • 5. The Impact of Cybersecurity on Insurance

    • 5.1. How does ESG impact cybersecurity?
    • 5.2. How does data privacy impact cybersecurity?
    • 5.3. How does insurtech impact cybersecurity?
    • 5.4. How do geopolitical conflicts impact cybersecurity?
    • 5.5. How does digitalization among the younger generation impact cybersecurity?

  • 6. Case Studies
  • 7. Market Size and Growth Forecasts
  • 8. Cybersecurity Timeline
  • 9. Signals

    • 9.1. M&A trends
    • 9.2. Patent trends
    • 9.3. Company filing trends
    • 9.4. Hiring trends

  • 10. Companies

    • 10.1. Leading cybersecurity adopters in insurance
    • 10.2. Leading cybersecurity vendors
    • 10.3. Specialist cybersecurity vendors in insurance

  • 11. Sector Scorecard

    • 11.1. Non-Life Insurance sector scorecard
    • 11.2. Life Insurance sector scorecard

  • 12. Glossary
  • 13. Further Reading
  • 14. Our Thematic Research Methodology
  • 15. About GlobalData
  • 16. Contact Us

Frequently asked questions

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