DUBLIN–(BUSINESS WIRE)–The “Global Cyber Insurance Market (2019-2025)” report has been added to ResearchAndMarkets.com’s offering.
The Global Cyber Insurance Market size is expected to reach $21.4 billion by 2025, rising at a market growth of 27.2% CAGR during the forecast period.
The number of companies, both large and small, has grown significantly over the past few years, opting to invest seriously in cyber security services. Many areas of the cyber industry, however, still need improvement to help businesses be fully prepared for cyber-attacks. This is most apparent when companies experience a cyber-incident and lack clarification as to how any economic or commercial damage resulting from the incident can be recovered.
A cyber insurance policy, also known as cyber risk insurance or cyber liability insurance coverage (CLIC), is intended to help a company mitigate risk exposure by offsetting recovery costs following a cyber-related breach of security or similar event. Technology, social media and Internet purchases play key roles in how most of today’s companies conduct business and attract prospective customers. Such vehicles also act as cyber-attack…
