The Economics of Cyber-Insurance

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Nir B. Kshetri, Professor (Creator)
The University of North Carolina at Greensboro (UNCG )
Web Site:

Abstract: The cyber-insurance market currently is at a nascent stage. According to the German reinsurance company Munich Re, worldwide spending on cyber-insurance was US3.4-US4 billion in 2017, which is estimated to increase to US8-US9 billion by 2020 ( Cyber-insurance premiums currently account for only a tiny fraction of total insurance premiums. For instance, only in OECD economies do total insurance premium exceed US$5 trillion in 2016 (

Additional Information

IEEE IT Professional, 20(6), 9-14.
Language: English
Date: 2018
Insurance, Economics, Computer crime, Market research, Computer security, Financial management

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