A proper understanding and analysis of the complicated intra- and interconnected cyber risk value chain and the current hurdles and difficulties that challenge all involved industries is only possible if we analyze the economic incentives of its many stakeholders. The following market statistics summarize the most up to date information on cyber and the most important related industries.
References
AIR. 2019. “Silent Cyber Can Impact 8 Insurance Policy Families.” AIRWorldwide. https://www.air-worldwide.com/blog/posts/2019/12/silent-cyber-can-impact-8-insurance-policy-families/ (July 24, 2020).
AM Best. 2019. Best’s Market Segment Report: Cyber Insurers Are Profitable Today , but Wary of Tomorrow ’ s Risks. https://reaction.ambest.com/reaction/emsdocuments/Special%20Reports/2019/2019.06_Cyber_Insurance_Report.pdf.
AON. 2018. US Cyber Market Update - 2017 US Cyber Insurance Profits and Performance. http://thoughtleadership.aonbenfield.com/Documents/201807-us-cyber-market-update.pdf.
AON. 2020. US Cyber Market Update - 2019. http://thoughtleadership.aonbenfield.com//Documents/202006-us-cyber-market-update.pdf.
AON. 2019. US Cyber Market Update - 2018 US Cyber Insurance Profits and Performance. http://thoughtleadership.aon.com/Documents/201906-us-cyber-market-update.pdf.
Cambridge Centre for Risk Studies, Lloyd’s of London, and Nanyang Technological University. 2019. Bashe Attack: Global Infection by Contagious Malware. https://www.lloyds.com/news-and-risk-insight/risk-reports/library/technology/bashe-attack.
Deloitte. 2016. “Cyber Value at Risk in the Netherlands.” https://www2.deloitte.com/content/dam/Deloitte/nl/Documents/financial-services/deloitte-nl-fsi-cyber-value-at-risk.pdf (February 7, 2020).
Dreyer, Paul. 2018. Estimating the Global Cost of Cyber Risk Calculator. RAND Corporation. https://www.rand.org/pubs/tools/TL281.html (February 2, 2020).
Dreyer, Paul et al. 2018. Estimating the Global Cost of Cyber Risk: Methodology and Examples. RAND Corporation. https://www.rand.org/pubs/research_reports/RR2299.html (December 17, 2019).
Fitch Ratings. 2021. “Sharply Rising Cyber Insurance Claims Signal Further Risk Challenges.” https://www.fitchratings.com/research/insurance/sharply-rising-cyber-insurance-claims-signal-further-risk-challenges-15-04-2021 (April 16, 2021).
Gartner. 2018. “Gartner Cyber-Security Spending Estimates.” https://www.gartner.com/en/newsroom/press-releases/2018-08-15-gartner-forecasts-worldwide-information-security-spending-to-exceed-124-billion-in-2019 (February 6, 2020).
Gartner. 2020. “Gartner Forecasts Worldwide Security and Risk Management Spending Growth to Slow but Remain Positive in 2020.” Gartner. https://www.gartner.com/en/newsroom/press-releases/2020-06-17-gartner-forecasts-worldwide-security-and-risk-managem (June 24, 2020).
Statista - The Statistics Portal. 2020. “Combined Ratio of P&C Insurance Industry U.S. 2014-2019.” Statista. https://www.statista.com/statistics/1054332/combined-ratio-property-and-casualty-usa/ (July 23, 2020).
Willis Towers Watson. 2019. “Quarterly InsurTech Briefing Q4 2018.” Willis Towers Watson. https://www.willistowerswatson.com/en-SE/Insights/2019/02/quarterly-insurtech-briefing-q4-2018 (July 7, 2020).