Financial Services
Due diligence on US Cyber insurance industry
15 Mar 2021
Context
- Company
Description: Global PE
- Client
wanted to invest in the US cyber insurance industry and hence wanted to
understand overall market attractiveness, competitive differentiation and
benchmarking, customer feedback and behaviour, and economics model of various
MGAs
Our approach
- Conducted market sizing exercise for US cyber insurance industry
across US-domiciled and alien surplus lines and estimated for the next 5 years
- Conducted customer survey, with N = 500 to understand customer’s
perspective of the cyber insurance providers:
- In-depth interviews (N=26) with medium and large enterprises
using cyber insurance, industry experts and insurance brokers to understand
about the cyber insurance market and provider feedback
- Deep
dive into business and operating models of MGAs
Praxis value delivered
- Successfully provided client with
investment thesis through deep analysis of cyber insurance market and MGAs
- Provided deep analysis into cyber
insurance MGAs and their economics model and customer feedback regarding cyber
insurance providers
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