Market Research Reports Global Cyber Insurance Market 2019 | Page 2

The top 3 cyber insurance writers are American International Group (AIG), Chubb and XL Group;
these 3 companies had a combined market share of over 30 percent in 2016. The top 15 writers of
cyber in this report held approximately 64 percent of the market in 2016.
In terms of the regional analysis, North America dominates the Cyber Insurance Market and
accounts for around 89% of the overall Cyber Insurance Market in 2016. Mandatory legislation
regarding cyber security in several U.S. states has led to higher penetration of cyber liability
insurance policies. Europe has very less penetration of cyber insurance liability policies as compared
to that of the U.S. The European council has recently passed regulations regarding data protection
and security, which are projected to be brought into effect in 2019. These regulations would oblige
companies to purchase cyber insurance policies. Though APAC accounts for negligible percentage
share, it is expected to grow at a significant CAGR during the forecast period owing to a significant
increase in ransomware attacks.
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Major Key Players:
1 AIG
2 Chubb
3 XL Group
4 Beazley
5 Allianz
6 Zurich Insurance
7 Munich Re Group
8 Berkshire Hathaway
9 AON
10 AXIS Insurance and More……………..
Market segment by Regions/Countries, this report covers
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)