The global Cyber Insurance market size is expected to reach USD 79.75 billion by 2030 and exhibit a CAGR of 25.7% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing frequency and severity of cyber-attacks, growing awareness of cyber risks and data breaches, evolving regulatory landscape and compliance requirements, new cyber threats and attack vectors, demand for financial protection against cyber risks, industry-specific regulations and compliance mandates are fueling the market’s growth.
Westford, USA, June 26, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research on Cyber Insurance Market, increasing demand for standalone cyber insurance policies, the rise of cyber risk assessment and underwriting tools, integration of cyber insurance with other risk management solutions, growth of industry-specific cyber insurance offerings, expansion of coverage for emerging cyber risks (e.g., ransomware), focus on proactive risk management and loss prevention services, development of innovative pricing models and coverage options, emphasis on employee training and cybersecurity…
