{"id":18181,"date":"2020-12-23T21:30:00","date_gmt":"2020-12-23T18:30:00","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=18181"},"modified":"2026-03-27T20:05:26","modified_gmt":"2026-03-27T17:05:26","slug":"global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/","title":{"rendered":"Global Cyber Insurance Market to Jump by 21% YoY and Hit $9.5B Value in 2021"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Over the years, cyber attacks and data breaches became one of the biggest risks in the business sector, compromising sensitive data, and causing a massive financial hit to companies and organizations worldwide.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As data applications and technology in the business sector increase, organizations are becoming more vulnerable to these attacks and more aware of the need for insurance coverage for cyber risks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to data presented by\u00a0<a href=\"https:\/\/www.finaria.it\/\" target=\"_blank\" rel=\"noreferrer noopener\">Finaria<\/a>, the global cyber insurance market is expected to grow by 21% year-over-year and reach a $9.5bn value in 2021.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>One-quarter of All Cyber Insurance Claims Come from the Healthcare Sector<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If a costly data breach occurs, the company may not have enough resources to resolve these issues and cover the losses. Cybersecurity insurance can provide support to businesses, so cyber attacks don`t cripple their business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These insurance products help companies and organizations hedge against the potentially devastating effects of ransomware, malware, distributed denial-of-service (DDoS) attacks, or any other cyber-attack used to compromise a network and sensitive data.\u00a0<\/p>\n\n\n\n<div class=\"infogram-embed\" data-id=\"1aa0904a-ea51-42fd-907e-a10f0d7ab4dc\" data-type=\"interactive\" data-title=\"Cyber insurance market size from 2020 to 2025\"><\/div><script>!function(e,i,n,s){var t=\"InfogramEmbeds\",d=e.getElementsByTagName(\"script\")[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(\"script\");o.async=1,o.id=n,o.src=\"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\",d.parentNode.insertBefore(o,d)}}(document,0,\"infogram-async\");<\/script>\n\n\n\n<p class=\"wp-block-paragraph\">The Hiscox Cyber Readiness Report 2019 showed 41% of firms from Europe and the United States reported that they have already adopted cyber insurance. Another 30% of them were planning to adopt cyber insurance in 2020.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The growing number of companies taking precautionary measures against cyberattacks led to the impressive growth of the entire sector. In 2020, the global cyber insurance market is expected to hit $7.8bn value, revealed the MarketsandMarkets report. Over the next three years, this figure is forecast to jump by 78% to $13.9bn. Statistics show that by 2025, the cyber insurance market is set to reach $20.4bn value.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Willis Towers Watson Cyber claims analysis report revealed almost one-quarter of all cyber insurance claims between 2013 and 2019 were in the healthcare sector. The IT and telecommunications market ranked second with more than 10% of all cyber insurance claims in this period. Insurance, retail and wholesale, and manufacturing sectors rounded out the top five, with 9.9%, 9.2%, and 7.1% share, respectively.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Statistics also show that almost 75% of cyber insurance claims in this period involved an insuring clause related to breach incident response and crisis management. Data privacy breaches represented the second-most common insuring clause, followed by cyber extortion.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of the industries most affected by cyber insurance losses, the share of loss events caused by malicious data breaches was highest in the insurance sector, 39%. The retail and wholesale industry had 30% of such losses between 2013 and 2019. IT and telecommunications industry, manufacturing sector, and the healthcare market followed with 24%, 22%, and 18% share, respectively.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Asian Companies Hit by the Highest Number of Cyber Attacks<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The 2020 Trustwave Global Security Report revealed Asia Pacific represents the most-targeted region of malicious data breaches. In 2019, 37% of all cyber attacks occurred in this region.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">North America ranked second with 33% of all cyber incidents last year. Europe, the Middle East, and Africa follow, with a 25% share.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Ponemon Institute\u2019s Cost of a Data Breach Report 2020 showed that the healthcare industry tops the list of the most expensive data breaches with a $7.13 million average data breach cost, 84% more than the global average. Besides leading in the average cost of a data breach, the healthcare industry also had the highest average time to identify a violation of 329 days.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The energy industry ranked second of the 17 sectors surveyed, with $6.39 million in average cost and 254 days to spot a breach. Financial services, pharma industry, and technology sector follow, with $5.85 million, $5.06 million, and $5.04 million in average data breach cost, respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analyzed by geography, the United States convincingly leads among all surveyed countries with an average data breach cost of $8.64 million, a 5.5% increase in a year. Germany leads among European countries with an average data breach cost of $4.45 million in 2020, a 7% drop year-on-year, while companies usually need 160 days to identify a data breach.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the years, cyber attacks and data breaches became one of the biggest risks in the business sector, compromising sensitive data, and causing a massive financial hit to companies and organizations worldwide.&nbsp; As data applications and technology in the business sector increase, organizations are becoming more vulnerable to these attacks and more aware of the [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":18182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"1","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":439,"_extra_hide_author_box":"","_extra_featured_post":"0","_partner_post_id":0,"footnotes":""},"categories":[439],"tags":[],"class_list":["post-18181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cybersecurity","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Global Cyber Insurance - 21% YoY Growth to $9.5B | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Global cyber insurance is set to jump 21% YoY, reaching $9.5B in 2021. Learn why cyber risks are driving demand worldwide.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Cyber Insurance - 21% YoY Growth to $9.5B | Saudi Shopper\" \/>\n<meta property=\"og:description\" content=\"Global cyber insurance is set to jump 21% YoY, reaching $9.5B in 2021. Learn why cyber risks are driving demand worldwide.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Saudishopper\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SaudiShopper\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/zamil\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-23T18:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-27T17:05:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/12\/CYBER-INSURANCE-MARKET.png\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"449\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Zamil Safwan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zsafwan\" \/>\n<meta name=\"twitter:site\" content=\"@ssict\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zamil Safwan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/\"},\"author\":{\"name\":\"Zamil Safwan\",\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/#\\\/schema\\\/person\\\/8351552105da6d5a684fb7e010f12047\"},\"headline\":\"Global Cyber Insurance Market to Jump by 21% YoY and Hit $9.5B Value in 2021\",\"datePublished\":\"2020-12-23T18:30:00+00:00\",\"dateModified\":\"2026-03-27T17:05:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/\"},\"wordCount\":631,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/CYBER-INSURANCE-MARKET.png\",\"articleSection\":[\"Cybersecurity\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/\",\"url\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/\",\"name\":\"Global Cyber Insurance - 21% YoY Growth to $9.5B | Saudi Shopper\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/CYBER-INSURANCE-MARKET.png\",\"datePublished\":\"2020-12-23T18:30:00+00:00\",\"dateModified\":\"2026-03-27T17:05:26+00:00\",\"description\":\"Global cyber insurance is set to jump 21% YoY, reaching $9.5B in 2021. Learn why cyber risks are driving demand worldwide.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/#primaryimage\",\"url\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/CYBER-INSURANCE-MARKET.png\",\"contentUrl\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/CYBER-INSURANCE-MARKET.png\",\"width\":820,\"height\":449,\"caption\":\"CYBER INSURANCE MARKET\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Global Cyber Insurance Market to Jump by 21% YoY and Hit $9.5B Value in 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/\",\"name\":\"Saudishopper\",\"description\":\"Saudi ICT Shopper News\",\"publisher\":{\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/#organization\",\"name\":\"Saudi ICT News\",\"alternateName\":\"Saudi ICT Shopper News\",\"url\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/SSTrans.png\",\"contentUrl\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/SSTrans.png\",\"width\":423,\"height\":165,\"caption\":\"Saudi ICT News\"},\"image\":{\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/SaudiShopper\",\"https:\\\/\\\/x.com\\\/ssict\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/#\\\/schema\\\/person\\\/8351552105da6d5a684fb7e010f12047\",\"name\":\"Zamil Safwan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a483a8920db50e1d6142462856d7925f4a9543091c79df709d1380ea7fbef8ec?s=96&d=https%3A%2F%2Fsaudishopper.com.sa%2Fen%2Fwp-content%2Fuploads%2F2020%2F12%2Fcropped-ss-icon--150x150.png&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a483a8920db50e1d6142462856d7925f4a9543091c79df709d1380ea7fbef8ec?s=96&d=https%3A%2F%2Fsaudishopper.com.sa%2Fen%2Fwp-content%2Fuploads%2F2020%2F12%2Fcropped-ss-icon--150x150.png&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a483a8920db50e1d6142462856d7925f4a9543091c79df709d1380ea7fbef8ec?s=96&d=https%3A%2F%2Fsaudishopper.com.sa%2Fen%2Fwp-content%2Fuploads%2F2020%2F12%2Fcropped-ss-icon--150x150.png&r=g\",\"caption\":\"Zamil Safwan\"},\"description\":\"An experienced technologist with expertise spanning Digital Transformation, E-commerce, Start-ups, and Fintech. Zamil offers insightful analysis on the convergence of finance and technology in the evolving digital landscape.\",\"sameAs\":[\"https:\\\/\\\/zsafwan.net\",\"https:\\\/\\\/www.facebook.com\\\/zamil\",\"https:\\\/\\\/x.com\\\/@zsafwan\"],\"url\":\"https:\\\/\\\/saudishopper.com.sa\\\/en\\\/author\\\/zamil\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Global Cyber Insurance - 21% YoY Growth to $9.5B | Saudi Shopper","description":"Global cyber insurance is set to jump 21% YoY, reaching $9.5B in 2021. Learn why cyber risks are driving demand worldwide.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Global Cyber Insurance - 21% YoY Growth to $9.5B | Saudi Shopper","og_description":"Global cyber insurance is set to jump 21% YoY, reaching $9.5B in 2021. Learn why cyber risks are driving demand worldwide.","og_url":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/","og_site_name":"Saudishopper","article_publisher":"https:\/\/www.facebook.com\/SaudiShopper","article_author":"https:\/\/www.facebook.com\/zamil","article_published_time":"2020-12-23T18:30:00+00:00","article_modified_time":"2026-03-27T17:05:26+00:00","og_image":[{"width":820,"height":449,"url":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/12\/CYBER-INSURANCE-MARKET.png","type":"image\/png"}],"author":"Zamil Safwan","twitter_card":"summary_large_image","twitter_creator":"@zsafwan","twitter_site":"@ssict","twitter_misc":{"Written by":"Zamil Safwan","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/#article","isPartOf":{"@id":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/"},"author":{"name":"Zamil Safwan","@id":"https:\/\/saudishopper.com.sa\/en\/#\/schema\/person\/8351552105da6d5a684fb7e010f12047"},"headline":"Global Cyber Insurance Market to Jump by 21% YoY and Hit $9.5B Value in 2021","datePublished":"2020-12-23T18:30:00+00:00","dateModified":"2026-03-27T17:05:26+00:00","mainEntityOfPage":{"@id":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/"},"wordCount":631,"commentCount":0,"publisher":{"@id":"https:\/\/saudishopper.com.sa\/en\/#organization"},"image":{"@id":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/12\/CYBER-INSURANCE-MARKET.png","articleSection":["Cybersecurity"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/saudishopper.com.sa\/en\/#organization"}},{"@type":"WebPage","@id":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/","url":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/","name":"Global Cyber Insurance - 21% YoY Growth to $9.5B | Saudi Shopper","isPartOf":{"@id":"https:\/\/saudishopper.com.sa\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/#primaryimage"},"image":{"@id":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/12\/CYBER-INSURANCE-MARKET.png","datePublished":"2020-12-23T18:30:00+00:00","dateModified":"2026-03-27T17:05:26+00:00","description":"Global cyber insurance is set to jump 21% YoY, reaching $9.5B in 2021. Learn why cyber risks are driving demand worldwide.","breadcrumb":{"@id":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/#primaryimage","url":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/12\/CYBER-INSURANCE-MARKET.png","contentUrl":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/12\/CYBER-INSURANCE-MARKET.png","width":820,"height":449,"caption":"CYBER INSURANCE MARKET"},{"@type":"BreadcrumbList","@id":"https:\/\/saudishopper.com.sa\/en\/global-cyber-insurance-market-to-jump-by-21-yoy-and-hit-9-5b-value-in-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/saudishopper.com.sa\/en\/"},{"@type":"ListItem","position":2,"name":"Global Cyber Insurance Market to Jump by 21% YoY and Hit $9.5B Value in 2021"}]},{"@type":"WebSite","@id":"https:\/\/saudishopper.com.sa\/en\/#website","url":"https:\/\/saudishopper.com.sa\/en\/","name":"Saudishopper","description":"Saudi ICT Shopper News","publisher":{"@id":"https:\/\/saudishopper.com.sa\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/saudishopper.com.sa\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/saudishopper.com.sa\/en\/#organization","name":"Saudi ICT News","alternateName":"Saudi ICT Shopper News","url":"https:\/\/saudishopper.com.sa\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/saudishopper.com.sa\/en\/#\/schema\/logo\/image\/","url":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/08\/SSTrans.png","contentUrl":"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2020\/08\/SSTrans.png","width":423,"height":165,"caption":"Saudi ICT News"},"image":{"@id":"https:\/\/saudishopper.com.sa\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/SaudiShopper","https:\/\/x.com\/ssict"]},{"@type":"Person","@id":"https:\/\/saudishopper.com.sa\/en\/#\/schema\/person\/8351552105da6d5a684fb7e010f12047","name":"Zamil Safwan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a483a8920db50e1d6142462856d7925f4a9543091c79df709d1380ea7fbef8ec?s=96&d=https%3A%2F%2Fsaudishopper.com.sa%2Fen%2Fwp-content%2Fuploads%2F2020%2F12%2Fcropped-ss-icon--150x150.png&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a483a8920db50e1d6142462856d7925f4a9543091c79df709d1380ea7fbef8ec?s=96&d=https%3A%2F%2Fsaudishopper.com.sa%2Fen%2Fwp-content%2Fuploads%2F2020%2F12%2Fcropped-ss-icon--150x150.png&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a483a8920db50e1d6142462856d7925f4a9543091c79df709d1380ea7fbef8ec?s=96&d=https%3A%2F%2Fsaudishopper.com.sa%2Fen%2Fwp-content%2Fuploads%2F2020%2F12%2Fcropped-ss-icon--150x150.png&r=g","caption":"Zamil Safwan"},"description":"An experienced technologist with expertise spanning Digital Transformation, E-commerce, Start-ups, and Fintech. Zamil offers insightful analysis on the convergence of finance and technology in the evolving digital landscape.","sameAs":["https:\/\/zsafwan.net","https:\/\/www.facebook.com\/zamil","https:\/\/x.com\/@zsafwan"],"url":"https:\/\/saudishopper.com.sa\/en\/author\/zamil\/"}]}},"_links":{"self":[{"href":"https:\/\/saudishopper.com.sa\/en\/wp-json\/wp\/v2\/posts\/18181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/saudishopper.com.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/saudishopper.com.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/saudishopper.com.sa\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/saudishopper.com.sa\/en\/wp-json\/wp\/v2\/comments?post=18181"}],"version-history":[{"count":1,"href":"https:\/\/saudishopper.com.sa\/en\/wp-json\/wp\/v2\/posts\/18181\/revisions"}],"predecessor-version":[{"id":66937,"href":"https:\/\/saudishopper.com.sa\/en\/wp-json\/wp\/v2\/posts\/18181\/revisions\/66937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saudishopper.com.sa\/en\/wp-json\/wp\/v2\/media\/18182"}],"wp:attachment":[{"href":"https:\/\/saudishopper.com.sa\/en\/wp-json\/wp\/v2\/media?parent=18181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saudishopper.com.sa\/en\/wp-json\/wp\/v2\/categories?post=18181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saudishopper.com.sa\/en\/wp-json\/wp\/v2\/tags?post=18181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}