Finland Cyber (Liability) Insurance Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Finland Cyber (Liability) Insurance Market is segmented by Product Type (Packaged and Standalone) and by Application type (Banking & Financial Services, IT & Telecom, Healthcare, Retail, and Others).

Finland Cyber (Liability) Insurance Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Finland Cyber (Liability) Insurance Market Size

View Global Report
Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 2.00 %
Market Concentration Low

Major Players

Finland Cyber (Liability) Insurance Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Finland Cyber (Liability) Insurance Market with other markets in Financial Services and Investment Intelligence Industry

Insurance

Alternative Investments

Wealth Management

Fintech

Islamic Finance

Asset Management

Finland Cyber (Liability) Insurance Market Analysis

The Finland Cyber Insurance Market is expected to register a CAGR of 2% during the forecast period.

Finland Cyber-insurance is a type of insurance intended specifically for small businesses to assist them to prepare for cyber dangers and changing regulations. Financial damages suffered by businesses because of data system break-ins, denial of service attacks, computer viruses, and malicious software, for example, are covered by the insurance. The insurance also covers the costs of recovering the files, the duty to notify customers under the General Data Protection Regulation, and the employment of a public relations firm if a reputational risk exists. Expert services to limit the damage and restore normalcy are also included in the insurance. To be granted cyber-insurance, the company must have up-to-date virus protection, a firewall and daily back-ups.

Cyber risks are on the rise, and businesses of all sizes must be increasingly cautious when handling client data. Whether dealing with the company's website, a denial-of-service attack that paralyses your reservation system, a computer virus, or client data falling into the wrong hands, quick response is critical when attempting to minimise damages. If a company suffers from a data system break-in or harmful software, Finland Cyber-insurance not only provides reimbursement but also prompt assistance from data security experts. It is a supplement to a business's property and general liability policies. A corporation must have up-to-date virus protection, a firewall, and daily backups to be given cyber-insurance.

The insurance covers the investigation of the reasons for the computer break-in and the costs of software recovery. The insurance also covers the use of a communications agency in connection with a coverable loss event in the face of the potential risk to reputation, and the costs arising from the customer's information obligation according to the EU Data Protection Regulation. Cyber Insurance also covers financial loss to another party as a result of a data security breach that is not connected to bodily injury or material damage. Data or systems owned by another party are often at risk in connection with a computer break-in. Data such as this includes, for example, customer data, which may be lost or fall into the wrong hands.

Finland cyber-insurance can only be granted and remains effective if the policyholder has at least property and general liability insurance; if the latter is terminated, the insurance company has the right to terminate cyber-insurance.

A flourishing company ecosystem, combined with a stable and ICT -oriented society, supportive legislation and strong support for data privacy, makes Finland the ideal country for cyber and information security businesses and supports cyber insurance companies.

Finland Cyber (Liability) Insurance Industry Overview

Cyber-insurance companies not only provide compensation but also quick help through data security experts. Some of the major players in the Finland Cyber (Liability) insurance market are AIG, AXA, Aon plc, OP Insurance, Allianz, LocalTapiola, Dual Finland, If Insurance, and others.

Finland Cyber (Liability) Insurance Market Leaders

  1. AIG

  2. AXA

  3. OP Insurance

  4. Allianz

  5. LocalTapiola

  6. *Disclaimer: Major Players sorted in no particular order
fin com.png
Need More Details on Market Players and Competiters?
Download PDF

Finland Cyber (Liability) Insurance Market News

August 2019, Finland's National Bureau of Investigations (NBI) has joined forces with the National Cyber Security Centre (NCSC) to investigate a series of significant cyber-attacks against state-run public services websites in the country. They aim to increase expertise and capability to defend Finland's critical IT infrastructure.

Finland Cyber (Liability) Insurance Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Government Regulations
  • 4.6 COVID-19 Impact on the Market

5. MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Packaged
    • 5.1.2 Standalone
  • 5.2 By Application Type
    • 5.2.1 Banking & Financial Services
    • 5.2.2 IT & Telecom
    • 5.2.3 Healthcare
    • 5.2.4 Retail
    • 5.2.5 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 AXA
    • 6.2.2 Allianz
    • 6.2.3 AIG
    • 6.2.4 Aon plc
    • 6.2.5 OP Insurance
    • 6.2.6 LocalTapiola
    • 6.2.7 If Insurance
    • 6.2.8 Dual Finland*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Finland Cyber (Liability) Insurance Industry Segmentation

The study defines the key stakeholders in the Finland Cyber (Liability) insurance market and provides detailed industry and investment analysis along with market forecasts, drivers, and restraints. Also included are insights into growth opportunities for the ecosystem participants and profiles of key companies operating in this space. Finland Cyber (Liability) Insurance Market is segmented by Product Type (Packaged and Standalone) and by Application type (Banking & Financial Services, IT & Telecom, Healthcare, Retail, and Others).

By Product Type Packaged
Standalone
By Application Type Banking & Financial Services
IT & Telecom
Healthcare
Retail
Others
Need A Different Region or Segment?
Customize Now

Finland Cyber (Liability) Insurance Market Research FAQs

What is the current Finland Cyber (Liability) Insurance Market size?

The Finland Cyber (Liability) Insurance Market is projected to register a CAGR of 2% during the forecast period (2025-2030)

Who are the key players in Finland Cyber (Liability) Insurance Market?

AIG, AXA, OP Insurance, Allianz and LocalTapiola are the major companies operating in the Finland Cyber (Liability) Insurance Market.

What years does this Finland Cyber (Liability) Insurance Market cover?

The report covers the Finland Cyber (Liability) Insurance Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Finland Cyber (Liability) Insurance Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Finland Cyber (Liability) Insurance Industry Report

Statistics for the 2025 Finland Cyber (Liability) Insurance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Finland Cyber (Liability) Insurance analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.