Product Code: ETC5431616 | Publication Date: Nov 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
The cybersecurity insurance market in Israel is experiencing rapid growth in response to the escalating cyber threats faced by businesses and organizations globally. With Israel being a leading hub for cybersecurity innovation, the country`s insurance industry is witnessing increased demand for policies that cover cyber risks and data breaches. Israel insurers are offering tailored cybersecurity insurance solutions that address the evolving needs of businesses, including coverage for financial losses, regulatory fines, and reputational damage resulting from cyber incidents. Additionally, collaborations between insurance companies and cybersecurity firms are facilitating the development of comprehensive risk assessment tools and mitigation strategies. As Israel continues to invest in cybersecurity research and development, coupled with proactive regulatory measures, the cybersecurity insurance market is expected to expand further, offering opportunities for insurers and reinsurers to tap into this emerging sector.
The cybersecurity insurance market in Israel is experiencing rapid growth due to escalating cyber threats and the increasing awareness among businesses regarding the financial implications of cyber incidents. With the rise in cyberattacks targeting organizations of all sizes, there is a growing realization of the need for comprehensive risk management strategies, including cyber insurance coverage. Israel businesses, particularly those operating in the technology and finance sectors, are increasingly investing in cybersecurity insurance to mitigate potential financial losses associated with data breaches, ransomware attacks, and other cyber threats. Moreover, the government`s initiatives to promote cybersecurity awareness and resilience are further driving the uptake of cybersecurity insurance among Israel enterprises, fostering market growth.
In Israel, the cybersecurity insurance market faces challenges related to risk assessment and pricing due to the evolving nature of cyber threats. Insurers struggle to accurately quantify the potential losses associated with cyberattacks, leading to difficulties in setting premiums. Additionally, there is a lack of historical data on cyber incidents specific to Israel, making it challenging to develop actuarial models tailored to the local market.
In Israel, the cybersecurity insurance market operates within a regulatory framework designed to mitigate risks associated with cyber threats and breaches. Recognizing the growing importance of cybersecurity in safeguarding digital assets and sensitive information, the government has taken proactive measures to promote the uptake of cybersecurity insurance among businesses and organizations. These measures include regulatory guidance on cyber risk management practices, establishment of industry standards for cybersecurity insurance coverage, and collaboration with insurance providers to develop tailored solutions for different sectors. Additionally, the government works closely with industry stakeholders to enhance cybersecurity awareness and resilience through training programs, workshops, and information sharing initiatives. By fostering a supportive ecosystem for cybersecurity insurance, the Israel government aims to bolster the country`s cyber resilience and ensure the continuity of critical services and operations in the face of evolving cyber threats.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Israel Cybersecurity Insurance Market Overview |
3.1 Israel Country Macro Economic Indicators |
3.2 Israel Cybersecurity Insurance Market Revenues & Volume, 2021 & 2031F |
3.3 Israel Cybersecurity Insurance Market - Industry Life Cycle |
3.4 Israel Cybersecurity Insurance Market - Porter's Five Forces |
3.5 Israel Cybersecurity Insurance Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Israel Cybersecurity Insurance Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Israel Cybersecurity Insurance Market Revenues & Volume Share, By Coverage, 2021 & 2031F |
3.8 Israel Cybersecurity Insurance Market Revenues & Volume Share, By End User Technology,Insurance,, 2021 & 2031F |
3.9 Israel Cybersecurity Insurance Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 Israel Cybersecurity Insurance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing cyber threats and attacks targeting Israeli businesses and organizations |
4.2.2 Implementation of stringent data protection regulations and compliance requirements in Israel |
4.2.3 Growing awareness among Israeli businesses about the importance of cybersecurity insurance coverage |
4.3 Market Restraints |
4.3.1 Lack of understanding and awareness among businesses about cybersecurity insurance and its benefits |
4.3.2 High costs associated with cybersecurity insurance premiums |
4.3.3 Limited availability of specialized cybersecurity insurance products tailored for the Israeli market |
5 Israel Cybersecurity Insurance Market Trends |
6 Israel Cybersecurity Insurance Market Segmentations |
6.1 Israel Cybersecurity Insurance Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Israel Cybersecurity Insurance Market Revenues & Volume, By Solutions , 2021-2031F |
6.1.3 Israel Cybersecurity Insurance Market Revenues & Volume, By Services, 2021-2031F |
6.2 Israel Cybersecurity Insurance Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Israel Cybersecurity Insurance Market Revenues & Volume, By Standalone & Packaged, 2021-2031F |
6.3 Israel Cybersecurity Insurance Market, By Coverage |
6.3.1 Overview and Analysis |
6.3.2 Israel Cybersecurity Insurance Market Revenues & Volume, By Data Breach, 2021-2031F |
6.3.3 Israel Cybersecurity Insurance Market Revenues & Volume, By Cyber Liability, 2021-2031F |
6.4 Israel Cybersecurity Insurance Market, By End User Technology,Insurance, |
6.4.1 Overview and Analysis |
6.4.2 Israel Cybersecurity Insurance Market Revenues & Volume, By Technology, 2021-2031F |
6.4.3 Israel Cybersecurity Insurance Market Revenues & Volume, By Insurance, 2021-2031F |
6.5 Israel Cybersecurity Insurance Market, By Organization Size |
6.5.1 Overview and Analysis |
6.5.2 Israel Cybersecurity Insurance Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.5.3 Israel Cybersecurity Insurance Market Revenues & Volume, By SMEs, 2021-2031F |
7 Israel Cybersecurity Insurance Market Import-Export Trade Statistics |
7.1 Israel Cybersecurity Insurance Market Export to Major Countries |
7.2 Israel Cybersecurity Insurance Market Imports from Major Countries |
8 Israel Cybersecurity Insurance Market Key Performance Indicators |
8.1 Percentage increase in the adoption rate of cybersecurity insurance among Israeli businesses |
8.2 Number of cybersecurity incidents reported by Israeli businesses |
8.3 Percentage growth in the number of cybersecurity insurance providers operating in Israel |
8.4 Average time taken to process cybersecurity insurance claims |
8.5 Percentage increase in cybersecurity insurance penetration in key industries in Israel |
9 Israel Cybersecurity Insurance Market - Opportunity Assessment |
9.1 Israel Cybersecurity Insurance Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Israel Cybersecurity Insurance Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Israel Cybersecurity Insurance Market Opportunity Assessment, By Coverage, 2021 & 2031F |
9.4 Israel Cybersecurity Insurance Market Opportunity Assessment, By End User Technology,Insurance,, 2021 & 2031F |
9.5 Israel Cybersecurity Insurance Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 Israel Cybersecurity Insurance Market - Competitive Landscape |
10.1 Israel Cybersecurity Insurance Market Revenue Share, By Companies, 2024 |
10.2 Israel Cybersecurity Insurance Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |