Cyber Insurance
Cyber Insurance :: Recent advances, good practices and challenges / ENISA [Recurso electrónico] PDF .-- : European Network and Information Security Agency , November 2016 .-- 26 p. Recurso online
Cyber insurance was created to address risk that cannot be reasonably mitigated by security measures.
While it initially started in a limited form, it developed to cover more and more types of cyber risk. In comparison with other insurance sectors, cyber insurance appears to have a lower adoption rate, while the growth projections remain high. Projections estimate the global cyber insurance market to reach $ 7.5
billion in annual sales by 2020 – tripling the 2015 figure2 – and over $ 20 billion by 20253. It is evident that regions with established cybersecurity-related legislation, have a higher cyber insurance adoption than
regions that have recent or no formed legislation. The expected growth for the European market is
anticipated to be further accelerated by the adoption of the GDPR and NIS directive.
978-92-9204-178-6
Seguridad en las Tecnologías Buenas prácticas Prospectiva
European Network and Information Securtity Agency
Cyber insurance was created to address risk that cannot be reasonably mitigated by security measures.
While it initially started in a limited form, it developed to cover more and more types of cyber risk. In comparison with other insurance sectors, cyber insurance appears to have a lower adoption rate, while the growth projections remain high. Projections estimate the global cyber insurance market to reach $ 7.5
billion in annual sales by 2020 – tripling the 2015 figure2 – and over $ 20 billion by 20253. It is evident that regions with established cybersecurity-related legislation, have a higher cyber insurance adoption than
regions that have recent or no formed legislation. The expected growth for the European market is
anticipated to be further accelerated by the adoption of the GDPR and NIS directive.
978-92-9204-178-6
Seguridad en las Tecnologías Buenas prácticas Prospectiva
European Network and Information Securtity Agency
