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Cybersecurity Insurance


ProcurementIQ’s Cybersecurity Insurance Procurement Research Report helps simplify the purchasing process. This report provides tools such as pricing trends and forecasts, supplier benchmarks and negotiation questions to help you work with internal stakeholders and executives to manage the procurement process for your company. With this information, your company will be able to make credible and knowledgeable decisions regarding purchasing Cybersecurity Insurance.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Cybersecurity Insurance - Recent Price Trend

Premiums for cybersecurity insurance have been increasing at an estimated annualized rate of 3.1% in the three years to 2018. Nevertheless, premiums have changed steadily year over year during this period. In spite of high price driver volatility, moderate competition has encouraged insurers to raise premiums incrementally in order to capture a share of market revenue. Therefore, buyers have been.

Cybersecurity Insurance - Total Cost of Ownership

The total cost of ownership for cybersecurity insurance is medium. A supplier will want to ensure that a potential buyer has a robust IT infrastructure as a precondition to coverage in order to mitigate the risk that is transferred from the buyer to itself. As a result, buyers will typically procure additional services or hardware to bolster their IT infrastructure in order to meet suppliers’.

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About this Report

This report is intended to assist buyers of cybersecurity insurance. Cybersecurity insurance mitigates buyers' financial losses from incidents that threaten their information technology (IT) infrastructures, including data breaches and computer hacking. Companies that maintain a large bank of user information, such as retailers, healthcare providers and data hosting providers commonly procure these insurance policies. This report does not include general liability insurance, disaster recovery services or network security equipment.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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