In the five years to 2016, the Cyber Liability Insurance industry has developed and grown to accommodate the increasingly digital business landscape. Additionally, in the next five years, the percentage of services conducted online is expected to continue rising, bolstering demand for the industry as more businesses seek to lower risk from potential cyber attacks. However, while the industry is expected to continue expanding, revenue growth will start to slow as the number of businesses with online operations approaches its saturation point.
This industry underwrites (i.e. assumes risk and assigns premiums) cyber liability insurance, which is used to protect businesses’ and working professionals’ lost income or liabilities related to business interruptions, network security, internet liability, electronic communications, intangible assets and web-content liability.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.