Cyber: Top 20 Insurer Groups Worldwide
Definition: Insurance designed to protect organizations and individuals from digital threats such as data breaches, malicious cyber hacks on computer systems or denial-of-service attacks. This insurance may include first-party cover for the cost of investigating a cybercrime, recovering data lost in a security breach, restoration of computer systems, loss of income incurred by a business shutdown, reputation management, extortion payments demanded by hackers and notification costs, in case of a requirement to notify third parties affected. It may also include third-party cover for damages, settlements and associated legal costs arising from claims against the policyholder. Moreover, the definition extends to both cyber cover acquired on a stand-alone basis and cover integrated within other types of insurance (e.g. commercial multi-risk).
Exchange rates: Local currency figures have been converted to USD using the average rate for 2021.
Source: Insuramore research and estimates based on insurer group disclosures and insurance trade statistics (i.e. financial supervisory authorities, insurance trade associations etc.)
Download format: Both a PDF file and an Excel file (for ease of use) provided within a zipped folder – the download will be available on both the completed transaction page, once successful payment has been confirmed, and via the purchase receipt, to be sent by e-mail.
Presentation format: Cyber insurance GDPW for each group are presented as a range of the likely minimum and likely maximum values with the midpoint of the range then used to determine the ranking and approximate global market share.
Price: Stated and chargeable in USD – sales tax (e.g. VAT) is 0% as products are classified as e-books.