Cyber insurance will be a $17.55 billion industry by 2023. That’s a 25.4% increase from 2017 levels.

As cyber breaches increase and cause more damage, insurance companies become more valuable in an organization’s risk management strategy. Yet, many insurers struggle wiht accurately evaluating liability. This affects their ability to effectively underwrite and reduce portfolio risks.

What’s the way forward? 

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Venn Diagram - Methodology

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Summary: This market analysis provides insight into the cyber insurance industry and the small– and medium business (SMB) market for cybersecurity solutions. It considers the cyber insurance industry as a whole and the customers being addressed. The information that follows has been gathered through secondary and primary research methods. The report looks at the size, growth, drivers, trends, and barriers for both market segments.