
Global Cyber (Liability) Insurance Market Insights, Size, and Forecast By Policy Type (Claims-Made, Occurrence), By Industry Sector (Healthcare, Financial Services, Retail, Information Technology, Manufacturing), By End User (Small Enterprises, Medium Enterprises, Large Enterprises), By Coverage Type (Data Breach Liability, Network Security Liability, Privacy Liability, Regulatory Defense and Penalties, Multimedia Liability), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035
Key Market Insights
Global Cyber (Liability) Insurance Market is projected to grow from USD 27.5 Billion in 2025 to USD 115.8 Billion by 2035, reflecting a compound annual growth rate of 14.2% from 2026 through 2035. This market encompasses insurance policies designed to protect businesses and individuals from financial losses arising from cyber incidents such as data breaches, ransomware attacks, business interruption, and regulatory fines. It provides coverage for a range of cyber liabilities, including third party claims, forensic investigations, legal fees, public relations management, and credit monitoring services. The primary drivers fueling this expansion include the escalating frequency and sophistication of cyberattacks globally, the increasing adoption of digital transformation across all industry sectors, and a growing awareness among organizations of their potential cyber risks and the associated financial implications. Regulatory pressures, such as GDPR and CCPA, are also compelling businesses to invest in robust cyber defense mechanisms and insurance, further contributing to market growth. The market is segmented by Coverage Type, End User, Industry Sector, and Policy Type, offering tailored solutions to a diverse clientele. The leading segment, Large Enterprises, consistently holds a significant market share, indicating their higher exposure to and recognition of cyber threats.
Global Cyber (Liability) Insurance Market Value (USD Billion) Analysis, 2025-2035

2025 - 2035
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Current market trends include the rise of advanced persistent threats, the increasing focus on supply chain cyber risks, and the emergence of specialized policies for specific industry verticals like healthcare and critical infrastructure. The demand for proactive cybersecurity services integrated with insurance offerings, such as pre-breach assessments and incident response planning, is also on the rise. However, market restraints include the evolving nature of cyber threats, which makes risk assessment and accurate pricing challenging for insurers, and a perceived lack of standardization in policy wordings. The high cost of premiums for comprehensive coverage can also be a barrier for smaller businesses. Despite these challenges, significant opportunities exist in developing more standardized and flexible policy options, leveraging artificial intelligence and machine learning for enhanced risk assessment, and expanding into underserved markets. The increasing adoption of cloud services and the Internet of Things presents new attack surfaces, simultaneously creating a greater need for cyber insurance and offering new avenues for market expansion.
North America remains the dominant region in the global cyber insurance market. This prominence is attributed to a high concentration of technologically advanced companies, stringent data privacy regulations, and a mature understanding of cyber risks among businesses and consumers. Conversely, Asia Pacific is poised to be the fastest growing region. This rapid expansion is driven by the region's accelerated digital transformation, increasing internet penetration, a burgeoning startup ecosystem, and a growing recognition of the financial implications of cyber incidents. Key players like Beazley, Chubb, Liberty Mutual, AXA, Hiscox, Zurich Insurance, Specialty Risk, SiriusPoint, AIG, and AXIS Capital are actively pursuing strategies to enhance their market share. These strategies include developing innovative policy structures, investing in advanced analytics for risk modeling, expanding their global footprint, forming strategic partnerships with cybersecurity firms, and focusing on client education to highlight the value proposition of cyber insurance.
Quick Stats
Market Size (2025):
USD 27.5 BillionProjected Market Size (2035):
USD 115.8 BillionLeading Segment:
Large Enterprises (52.8% Share)Dominant Region (2025):
North America (48.2% Share)CAGR (2026-2035):
14.2%
Global Cyber (Liability) Insurance Market Emerging Trends and Insights
AI Driven Risk Assessment and Policy Customization
In the Global Cyber Liability Insurance Market, AI driven risk assessment and policy customization is transforming how insurers operate. Historically, cyber insurance underwriting relied on static questionnaires and broad industry categorizations. Now, AI algorithms analyze vast datasets including threat intelligence feeds, client specific network configurations, past incident reports, and even employee training data. This granular analysis provides a far more accurate and dynamic risk profile for each policyholder.
Insurers leverage this refined understanding to offer highly customized policies. Instead of generic coverage, policies can be tailored to address specific vulnerabilities identified by AI, such as particular software exploits or human error hotspots. This allows for more precise pricing and more relevant coverage. Policyholders benefit from premiums that reflect their actual risk mitigation efforts and gain clearer insights into their unique cyber exposures, fostering proactive security improvements. This personalization marks a significant shift from a one size fits all approach.
Catastrophic Cyber Event Coverage Expansion
In response to increasing frequency and severity of cyberattacks, the global cyber insurance market is expanding its coverage for catastrophic events. Insurers previously shied away from defining and pricing these extreme scenarios, often excluding them through broadly worded clauses.
Now, there is a clear trend toward more granular and explicit inclusion of severe business interruption, supply chain disruption, or critical infrastructure compromise caused by sophisticated cyberattacks. This expansion involves developing new policy wordings, often with specific sublimits and tailored endorsements, that address widespread systemic risks previously deemed uninsurable. Actuarial models are being refined to better assess these large scale, complex events, moving beyond traditional data breach coverage to encompass the wide ranging financial fallout from a catastrophic cyber incident. This reflects a growing understanding and acceptance of systemically disruptive cyber risks by the insurance industry.
Supply Chain Cyber Liability Nexus
The Supply Chain Cyber Liability Nexus signifies a growing intertwining of cyber risk and supply chain operations within global insurance. Insurers increasingly recognize that a single cyber attack on a third party vendor can trigger widespread business interruption and financial loss for downstream organizations. This expands the scope of covered perils and the complexity of risk assessment. Underwriters are now scrutinizing the entire digital ecosystem of an insured, demanding detailed information on vendor security practices and contractual agreements. This trend pushes for more comprehensive cyber insurance policies that account for interconnected liabilities across extended supply chains, shifting from isolated incident coverage to systemic risk evaluation. It emphasizes shared responsibility and the need for robust vendor risk management programs.
What are the Key Drivers Shaping the Global Cyber (Liability) Insurance Market
Escalating Cyberattack Frequency & Sophistication
Escalating cyberattack frequency and sophistication is a primary driver in the Global Cyber Liability Insurance Market. Malicious actors are launching more numerous and complex attacks ranging from ransomware and business email compromise to supply chain disruptions and nation state sponsored espionage. These advanced tactics make successful breaches almost inevitable for many organizations. The growing financial and reputational damages stemming from these persistent threats compel businesses to seek robust financial protection. Insurers respond by developing tailored policies covering data breaches, business interruption, regulatory fines, and forensics. This demand for comprehensive risk mitigation against an ever evolving threat landscape fuels significant growth in the cyber insurance sector as companies strive to safeguard their digital assets and maintain operational resilience in the face of relentless cyber perils.
Expanding Regulatory Landscape & Data Privacy Mandates
The escalating global regulatory landscape, marked by stringent data privacy mandates like GDPR and CCPA, is a primary driver in the growth of the global cyber liability insurance market. Organizations worldwide face increasing legal obligations to protect sensitive data and report breaches promptly. Non compliance carries severe financial penalties, reputational damage, and potential lawsuits. This heightened risk exposure compels businesses across all sectors to seek comprehensive cyber insurance coverage. Insurers are responding with more sophisticated products designed to cover legal fees, notification costs, regulatory fines, business interruption, and crisis management expenses resulting from cyber incidents. The imperative to mitigate these substantial liabilities is significantly expanding the demand for robust cyber insurance policies, making it an essential component of modern enterprise risk management strategies.
Growing Corporate Awareness & Enterprise Risk Management
Companies increasingly recognize cyber threats as fundamental business risks impacting reputation, finances, and operations. This heightened corporate awareness extends beyond IT departments to executive boards, driving demand for robust enterprise risk management strategies. Organizations are proactively assessing their vulnerabilities to sophisticated cyberattacks, data breaches, and regulatory noncompliance. They understand that a significant cyber incident can lead to substantial financial losses, legal liabilities, and irreparable brand damage. Consequently, businesses are actively seeking comprehensive cyber insurance solutions to transfer and mitigate these complex and evolving risks. This strategic shift towards integrating cyber risk into broader enterprise risk frameworks fuels the expansion of the global cyber liability insurance market.
Global Cyber (Liability) Insurance Market Restraints
Lack of Standardized Underwriting and Pricing Models
The global cyber liability insurance market faces a significant challenge due to the absence of unified underwriting and pricing models. Insurers currently operate with diverse methodologies for assessing cyber risk, leading to inconsistencies across the industry. This lack of standardization makes it difficult to accurately evaluate the complex and rapidly evolving nature of cyber threats. Without common metrics and frameworks, insurers struggle to develop consistent risk profiles for policyholders, impacting premium calculations and coverage offerings. The variation in risk assessment and pricing models also hinders the comparability of policies across different providers, creating confusion for potential buyers. This fundamental disagreement on how to quantify and price cyber risk impedes market efficiency and the development of more sophisticated, broadly accepted insurance products.
Regulatory Fragmentation and Cross-Border Challenges
Regulatory fragmentation and cross border challenges significantly restrain the global cyber insurance market. The absence of a harmonized international regulatory framework creates uncertainty for insurers and policyholders alike. Each nation often possesses its own distinct data privacy laws, cybersecurity regulations, and incident reporting requirements. This divergence complicates the development of standardized insurance products and underwriting practices. Insurers struggle to assess and price risks consistently across different jurisdictions due to varying legal liabilities and compliance obligations. For example, a cyber incident impacting customers in multiple countries exposes an insurer to a mosaic of legal frameworks, potentially leading to increased claim complexity and costs. This fragmented landscape also hinders the enforceability of policies and the efficient resolution of cross border claims, making it difficult for the market to achieve its full potential.
Global Cyber (Liability) Insurance Market Opportunities
Capitalizing on Evolving Global Data Privacy Regulations and Escalating Cyber Threat Sophistication
The convergence of stricter global data privacy regulations and rapidly advancing cyber threats presents a profound opportunity for the cyber liability insurance market. Regulations like GDPR and emerging laws across Asia Pacific impose substantial fines and demand rigorous data protection, making non compliance financially devastating for businesses. Simultaneously, increasingly sophisticated ransomware attacks, phishing schemes, and data breaches elevate the risk of business interruption and data loss for organizations globally. This dual pressure drives an urgent, escalating demand for comprehensive cyber insurance solutions. Insurers can capitalize by developing innovative, tailored policies covering regulatory fines, legal costs, incident response, business interruption, and data recovery. Offering risk assessment services and cybersecurity best practice guidance alongside policies further strengthens their value proposition. This strategy positions insurers as essential partners for businesses navigating complex compliance landscapes and defending against persistent digital dangers, fostering significant market expansion.
Unlocking Growth in Underserved SMB Markets and Complex Digital Supply Chain Risks
The opportunity lies in two pivotal areas within the global cyber liability insurance market. First, significant growth can be unlocked by targeting underserved Small and Medium Business SMB markets. Many SMBs, especially in rapidly digitizing regions like Asia Pacific, remain largely uninsured or inadequately covered despite their heightened cyber risk. Insurers can develop tailored, accessible products to meet this unmet demand, expanding their client base significantly while enhancing overall cyber resilience across economies. Second, addressing complex digital supply chain risks presents a crucial growth avenue. Modern businesses are intricately interconnected, meaning a cyberattack on one vendor can trigger widespread disruption across multiple entities. This necessitates innovative insurance solutions that go beyond single entity coverage. Insurers must develop sophisticated models and policies to quantify and mitigate these cascading multi party supply chain vulnerabilities. By strategically penetrating these overlooked SMB segments and mastering intricate supply chain exposures, the market can achieve substantial expansion and provide vital protection for the digital landscape.
Global Cyber (Liability) Insurance Market Segmentation Analysis
Key Market Segments
By Coverage Type
- •Data Breach Liability
- •Network Security Liability
- •Privacy Liability
- •Regulatory Defense and Penalties
- •Multimedia Liability
By End User
- •Small Enterprises
- •Medium Enterprises
- •Large Enterprises
By Industry Sector
- •Healthcare
- •Financial Services
- •Retail
- •Information Technology
- •Manufacturing
By Policy Type
- •Claims-Made
- •Occurrence
Segment Share By Coverage Type
Share, By Coverage Type, 2025 (%)
- Data Breach Liability
- Network Security Liability
- Privacy Liability
- Regulatory Defense and Penalties
- Multimedia Liability

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Why are Large Enterprises dominating the Global Cyber Liability Insurance Market?
Large Enterprises hold a commanding share of the market due to their extensive digital footprints, complex IT infrastructures, and higher volumes of sensitive data. Their operations often span multiple jurisdictions, increasing exposure to regulatory scrutiny and significant financial penalties in the event of a breach. Consequently, these organizations face a greater imperative to mitigate substantial financial risks associated with Data Breach Liability, Network Security Liability, and Regulatory Defense and Penalties coverage, making robust cyber insurance a critical component of their risk management strategy.
What coverage types are most sought after across diverse industries?
Data Breach Liability and Network Security Liability emerge as particularly crucial coverage types across various industry sectors. Financial Services and Healthcare, for instance, are prime targets for cyberattacks due to the sensitive nature of the personal and financial information they manage, driving strong demand for these specific protections. Information Technology companies, handling vast networks, also heavily prioritize Network Security Liability. The growing complexity of cyber threats necessitates comprehensive protection for the core digital assets and customer data that define these sectors.
How do policy types cater to different organizational needs?
Policy types like Claims Made and Occurrence offer distinct benefits to end users. Claims Made policies are widely prevalent, covering incidents reported during the policy period, which aligns well with the evolving nature of cyber threats where the discovery of a breach may occur long after the initial incident. This structure is particularly attractive to organizations across all sizes and industry sectors seeking coverage for a specific timeframe. While Occurrence policies offer broader coverage irrespective of the discovery date, Claims Made policies are typically preferred due to their clear definition and often more competitive pricing in the dynamic cyber insurance landscape.
Global Cyber (Liability) Insurance Market Regulatory and Policy Environment Analysis
The global cyber liability insurance market operates within a complex and evolving regulatory landscape. Stringent data protection laws like GDPR in the European Union, CCPA in California, and similar legislation across numerous jurisdictions mandate robust cybersecurity measures and often include severe penalties for breaches. These regulations drive demand for insurance coverage to mitigate fines, legal expenses, and notification costs. Sector specific requirements in finance, healthcare, and critical infrastructure, such as the NYDFS Cybersecurity Regulation or DORA in the EU, impose explicit security standards and liability frameworks, further compelling businesses to seek comprehensive cyber policies. Mandatory breach reporting obligations globally elevate financial and reputational risks, underscoring the necessity of incident response and business interruption coverage. Regulators are increasingly scrutinizing policy terms, particularly concerning war exclusions and ensuring adequate coverage for evolving cyber threats, aiming to prevent underinsurance and systemic risk. Efforts toward international harmonization of cybersecurity standards and insurability guidelines are underway, reflecting the transnational nature of cyber incidents and the need for consistent policy enforcement. Governments increasingly view cyber insurance as a critical component of national cyber resilience strategies.
Which Emerging Technologies Are Driving New Trends in the Market?
The global cyber liability insurance market is undergoing a transformative period driven by technological innovations. Artificial intelligence and machine learning are revolutionizing risk assessment, enabling insurers to offer dynamic pricing and highly customized policies based on real time threat intelligence and predictive analytics. This enhances underwriting accuracy and proactive risk management for businesses. Blockchain technology is emerging for secure policy management, transparent claims processing, and immutable record keeping, fostering greater trust and efficiency across the ecosystem.
The proliferation of IoT and operational technology networks is expanding the attack surface, prompting the development of specialized insurance products and integrated cyber resilience services beyond traditional financial compensation. Insurtech platforms are streamlining policy issuance, claims handling, and customer interaction through automation. Furthermore, innovations include parametric insurance models offering rapid payouts for specific cyber events and policies tailored to evolving threats like supply chain attacks, ransomware as a service, and sophisticated nation state sponsored incidents. These advancements are crucial for managing complex, ever changing cyber risks.
Global Cyber (Liability) Insurance Market Regional Analysis
Global Cyber (Liability) Insurance Market
Trends, by Region

North America Market
Revenue Share, 2025
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Dominant Region
North America · 48.2% share
North America dominates the global cyber liability insurance market, commanding a significant 48.2% share. This leadership is primarily driven by the region's highly developed economies, advanced digital infrastructure, and stringent regulatory landscape concerning data privacy and cybersecurity. The increasing frequency and sophistication of cyberattacks targeting businesses and organizations across the United States and Canada have fueled a robust demand for comprehensive cyber insurance coverage. Furthermore, a greater awareness among businesses regarding potential financial losses from data breaches and operational disruptions contributes to higher adoption rates. The presence of major insurance providers and a well established brokerage ecosystem also facilitate market growth and product innovation in North America.
Fastest Growing Region
Asia Pacific · 21.5% CAGR
Asia Pacific emerges as the fastest growing region in the global cyber liability insurance market, projecting an impressive CAGR of 21.5% from 2026 to 2035. This surge is fueled by escalating digitalization across various industries, making organizations more susceptible to sophisticated cyber threats. Increased regulatory scrutiny, particularly data privacy laws, compels businesses to seek robust insurance solutions. Rapid economic expansion and a growing awareness of cyber risks among enterprises, previously underserved by specialized insurance, further drive demand. The region's expanding digital infrastructure and a rising number of high profile cyber incidents are compelling companies to prioritize risk mitigation, making cyber insurance a critical component of their operational strategy.
Impact of Geopolitical and Macroeconomic Factors
Escalating geopolitical tensions amplify cyber warfare risks, directly impacting the cyber liability insurance market. Nation state sponsored attacks targeting critical infrastructure and supply chains escalate premiums, tightening underwriting standards. Regulatory divergence across jurisdictions creates complexities for global insurers, requiring localized risk assessments and policy structures to navigate varying legal frameworks and data breach notification requirements. Geopolitical realignments may influence data localization mandates further segmenting market demand.
Macroeconomic instability, including inflation and potential recession, influences corporate cyber security budgets and willingness to invest in insurance. Economic downturns may force companies to reduce coverage or self insure, while inflation increases the cost of data recovery, legal fees, and regulatory fines, pressuring insurers' profitability. Remote work expansion and digital transformation accelerate insurable cyber exposures, but also present opportunities for market growth as businesses grapple with increasingly sophisticated and costly cyber incidents.
Recent Developments
- March 2025
Chubb launched a new suite of cyber insurance products specifically designed for mid-market companies, offering enhanced coverage for business interruption due to cloud outages and sophisticated ransomware attacks. This initiative aims to capture a larger share of the growing mid-market segment by providing tailored solutions with advanced incident response services.
- September 2024
Beazley announced a strategic partnership with a leading global cybersecurity firm, integrating their threat intelligence and incident response services directly into Beazley's cyber insurance policies. This collaboration will provide policyholders with proactive threat monitoring and immediate expert support in the event of a cyber incident, reducing potential downtime and liability.
- February 2025
AXA acquired Specialty Risk, a niche insurer specializing in complex industrial control system (ICS) cyber liability, for an undisclosed sum. This acquisition strengthens AXA's position in the critical infrastructure sector and expands its expertise in addressing highly specialized and technical cyber risks.
- November 2024
Zurich Insurance unveiled a new 'Cyber Resilience Program' for large enterprises, combining insurance coverage with mandatory pre-underwriting cybersecurity assessments and post-incident remediation support from approved vendors. This strategic initiative focuses on improving clients' overall cyber posture and reducing claims frequency by enforcing higher security standards.
Key Players Analysis
Beazley and Chubb dominate the Global Cyber Insurance Market, leveraging advanced AI driven underwriting and real time threat intelligence to assess evolving cyber risks. Liberty Mutual and AXA expand global reach through strategic partnerships and bundled offerings. Hiscox and Zurich target specialized SME and enterprise segments with tailored solutions. Specialty Risk and SiriusPoint focus on reinsurance and innovative parametric products. AIG and AXIS Capital utilize extensive broker networks and data analytics to drive market growth and product innovation.
List of Key Companies:
- Beazley
- Chubb
- Liberty Mutual
- AXA
- Hiscox
- Zurich Insurance
- Specialty Risk
- SiriusPoint
- AIG
- AXIS Capital
- Travelers
- Munich Re
- Allianz
- Everest Re
- Berkshire Hathaway
- CNA Financial
- Hartford
Report Scope and Segmentation
| Report Component | Description |
|---|---|
| Market Size (2025) | USD 27.5 Billion |
| Forecast Value (2035) | USD 115.8 Billion |
| CAGR (2026-2035) | 14.2% |
| Base Year | 2025 |
| Historical Period | 2020-2025 |
| Forecast Period | 2026-2035 |
| Segments Covered |
|
| Regional Analysis |
|
Table of Contents:
List of Figures
List of Tables
Table 1: Global Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035
Table 2: Global Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by End User, 2020-2035
Table 3: Global Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Industry Sector, 2020-2035
Table 4: Global Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Policy Type, 2020-2035
Table 5: Global Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Region, 2020-2035
Table 6: North America Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035
Table 7: North America Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by End User, 2020-2035
Table 8: North America Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Industry Sector, 2020-2035
Table 9: North America Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Policy Type, 2020-2035
Table 10: North America Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Country, 2020-2035
Table 11: Europe Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035
Table 12: Europe Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by End User, 2020-2035
Table 13: Europe Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Industry Sector, 2020-2035
Table 14: Europe Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Policy Type, 2020-2035
Table 15: Europe Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 16: Asia Pacific Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035
Table 17: Asia Pacific Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by End User, 2020-2035
Table 18: Asia Pacific Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Industry Sector, 2020-2035
Table 19: Asia Pacific Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Policy Type, 2020-2035
Table 20: Asia Pacific Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 21: Latin America Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035
Table 22: Latin America Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by End User, 2020-2035
Table 23: Latin America Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Industry Sector, 2020-2035
Table 24: Latin America Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Policy Type, 2020-2035
Table 25: Latin America Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
Table 26: Middle East & Africa Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Coverage Type, 2020-2035
Table 27: Middle East & Africa Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by End User, 2020-2035
Table 28: Middle East & Africa Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Industry Sector, 2020-2035
Table 29: Middle East & Africa Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Policy Type, 2020-2035
Table 30: Middle East & Africa Cyber (Liability) Insurance Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035
