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Cyber Insurance Market Growth & Performance


12/23/20
Policywire by AmTrust
The cyber insurance market is booming. And with more businesses feeling the effects of data breaches and
cyber attacks, the value of cyber insurance s market share is expected to continue climbing.
The cyber liability insurance market has been growing as more businesses understand the need for protection from financial and reputational losses dues to security breaches and cyber attacks. According to
MarketsandMarkets™, the cyber insurance market is projected to continue to grow from $7.8 billion in 2020 to $20.4 billion by 2025, with an annual growth rate of 21.2%.
The
cyber liability insurancemarket may be in its infancy, but it s one of the industry s fastest-growing segments and it shows no signs of stopping. Here s what that means for the insurance industry and agents. ....

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