Product Code: ETC4386032 | Publication Date: Jul 2023 | Updated Date: Sep 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The cybersecurity insurance market in Sri Lanka addresses the growing need for financial protection against cyber risks and data breaches. Insurance products cover losses from cyber incidents, including data theft, ransomware attacks, and business interruption, supporting businesses in managing digital risks effectively.
The cybersecurity insurance market in Sri Lanka is driven by the increasing frequency and sophistication of cyber threats faced by businesses. Organizations are increasingly recognizing the financial risks associated with data breaches and cyberattacks, driving the demand for insurance policies that cover financial losses, legal expenses, and reputation management in the event of a cyber incident. Government regulations mandating cybersecurity measures also contribute to the market`s growth by incentivizing businesses to mitigate risks through insurance coverage.
The cybersecurity insurance market in Sri Lanka faces challenges related to the evolving nature of cyber threats and the difficulty in quantifying cyber risks. Insufficient data on local cyber incidents and the complexity of policy offerings hinder market growth and customer adoption.
The Sri Lankan government has introduced policies to foster the growth of the cybersecurity insurance market. These policies include incentives for insurance companies to offer comprehensive cybersecurity coverage, regulatory frameworks for data protection, and support for cybersecurity risk assessment and management practices among businesses.
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 Sri Lanka Cybersecurity Insurance Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Cybersecurity Insurance Market Revenues & Volume, 2021 & 2031F |
3.3 Sri Lanka Cybersecurity Insurance Market - Industry Life Cycle |
3.4 Sri Lanka Cybersecurity Insurance Market - Porter's Five Forces |
3.5 Sri Lanka Cybersecurity Insurance Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Sri Lanka Cybersecurity Insurance Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Sri Lanka Cybersecurity Insurance Market Revenues & Volume Share, By Coverage, 2021 & 2031F |
3.8 Sri Lanka Cybersecurity Insurance Market Revenues & Volume Share, By End User Technology,Insurance,, 2021 & 2031F |
3.9 Sri Lanka Cybersecurity Insurance Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 Sri Lanka Cybersecurity Insurance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing cyber threats and attacks in Sri Lanka |
4.2.2 Growing awareness among businesses about the importance of cybersecurity insurance |
4.2.3 Government regulations mandating cybersecurity measures for businesses |
4.3 Market Restraints |
4.3.1 Lack of understanding about the benefits of cybersecurity insurance among businesses |
4.3.2 Limited availability of customized cybersecurity insurance products in the market |
4.3.3 High costs associated with cybersecurity insurance premiums |
5 Sri Lanka Cybersecurity Insurance Market Trends |
6 Sri Lanka Cybersecurity Insurance Market, By Types |
6.1 Sri Lanka Cybersecurity Insurance Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Cybersecurity Insurance Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 Sri Lanka Cybersecurity Insurance Market Revenues & Volume, By Solutions , 2021-2031F |
6.1.4 Sri Lanka Cybersecurity Insurance Market Revenues & Volume, By Services, 2021-2031F |
6.2 Sri Lanka Cybersecurity Insurance Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Cybersecurity Insurance Market Revenues & Volume, By Standalone & Packaged, 2021-2031F |
6.3 Sri Lanka Cybersecurity Insurance Market, By Coverage |
6.3.1 Overview and Analysis |
6.3.2 Sri Lanka Cybersecurity Insurance Market Revenues & Volume, By Data Breach, 2021-2031F |
6.3.3 Sri Lanka Cybersecurity Insurance Market Revenues & Volume, By Cyber Liability, 2021-2031F |
6.4 Sri Lanka Cybersecurity Insurance Market, By End User Technology,Insurance, |
6.4.1 Overview and Analysis |
6.4.2 Sri Lanka Cybersecurity Insurance Market Revenues & Volume, By Technology, 2021-2031F |
6.4.3 Sri Lanka Cybersecurity Insurance Market Revenues & Volume, By Insurance, 2021-2031F |
6.5 Sri Lanka Cybersecurity Insurance Market, By Organization Size |
6.5.1 Overview and Analysis |
6.5.2 Sri Lanka Cybersecurity Insurance Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.5.3 Sri Lanka Cybersecurity Insurance Market Revenues & Volume, By SMEs, 2021-2031F |
7 Sri Lanka Cybersecurity Insurance Market Import-Export Trade Statistics |
7.1 Sri Lanka Cybersecurity Insurance Market Export to Major Countries |
7.2 Sri Lanka Cybersecurity Insurance Market Imports from Major Countries |
8 Sri Lanka Cybersecurity Insurance Market Key Performance Indicators |
8.1 Percentage increase in the number of cyber incidents reported by businesses |
8.2 Adoption rate of cybersecurity insurance among small and medium enterprises (SMEs) |
8.3 Number of cybersecurity insurance providers entering the Sri Lankan market |
9 Sri Lanka Cybersecurity Insurance Market - Opportunity Assessment |
9.1 Sri Lanka Cybersecurity Insurance Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Sri Lanka Cybersecurity Insurance Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Sri Lanka Cybersecurity Insurance Market Opportunity Assessment, By Coverage, 2021 & 2031F |
9.4 Sri Lanka Cybersecurity Insurance Market Opportunity Assessment, By End User Technology,Insurance,, 2021 & 2031F |
9.5 Sri Lanka Cybersecurity Insurance Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10 Sri Lanka Cybersecurity Insurance Market - Competitive Landscape |
10.1 Sri Lanka Cybersecurity Insurance Market Revenue Share, By Companies, 2024 |
10.2 Sri Lanka Cybersecurity Insurance Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |