DUBLIN--(BUSINESS WIRE)--The "Cybersecurity in Insurance - Thematic Research" report has been added to ResearchAndMarkets.com's offering.
This report provides in-depth analysis of trends in the cybersecurity market that will shape the insurance industry over the coming years.
The rise in complex ransomware attacks, ongoing supply chain threats, and the Russia/Ukraine conflict have all accelerated the need for robust cybersecurity defenses across sectors.
Meanwhile, the COVID-19 pandemic accelerated the need for cyber insurance, but insurers are yet to translate this into improved penetration rates. With the cost of cyber insurance rising to reflect increased cyber risk, policy uptake fell between 2019 and 2021 as many SMEs sought to cut costs.
Scope
Cybersecurity revenues in the insurance sector will grow from $6.4 billion in 2020 to $10.6 billion in 2025 according to the publisher forecasts.
COVID-19 led to more customers accessing their accounts digitally and insurers selling through digital channels, increasing the sector's cyber risk. In 2021, leading financial institutions AXA, Tokio Marine, CNA Financial, and Banco Pichincha were hit by cyberattacks.
AXA's decision to stop writing cyber policies that reimbursed ransom attacks may encourage other insurers to follow suit and rethink their risk exposure, forcing businesses to strengthen their cybersecurity frameworks in case of a ransom attack.
Reasons to Buy
- Position yourself for success by understanding the ways in which 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.
Key Topics Covered:
- Executive Summary
- Cybersecurity Value Chain
- Insurance Challenges
- The Impact of Cybersecurity on Insurance
- Case Studies
- Data Analysis
- Companies
- Sector Scorecard
- Glossary
- Further Reading
- Thematic Research Methodology
- About the Publisher
Companies Mentioned
- 1Password
- Accenture
- Ace American
- Acuant
- Aegon
- Aetna
- Aflac
- AIA
- AIG
- Airbus (Stormshield)
- Aisin
- Akamai
- Alert Logic
- Alibaba
- Allianz
- Allstate
- Alphabet (Google)
- Alphabet (Siemplify)
- Alphabet (Waymo)
- Amazon
- Ambac
- AMD
- Analog Devices
- Anthem
- AnyVision
- Aon
- Appgate
- Apple
- Aptiv
- Aqua Security
- Arcon
- Argus Cyber Security
- Arthur J. Gallagher
- Assicurazioni Generali
- AT&T
- Atos
- Attivo Networks
- Auth0
- Autocrypt
- Avast
- Aviva
- Aware
- AXA
- BackNine
- BAE Systems
- Baidu
- Banco Pichincha
- Bangladesh Shipping Corporation
- Barracuda
- Barracuda Networks
- BeyondTrust
- BioEnable
- BlackBerry
- BMC Helix
- BMW
- Bosch
- Broadcom
- BT
- C2A
- Cadence Design Systems
- Capgemini
- Cato
- Check Point Software
- Checkmarx
- And Many More!
For more information about this report visit https://www.researchandmarkets.com/r/hsdttt
Source: GlobalData
