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World cyber insurance market to reach $14 billion by 2022: Report

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A report by U.S.-based market research firm Allied Market Research has said that the global cyber insurance market is expected to grow at a compounded annual growth rate of 28% between 2016 and 2022 to reach $14 billion by 2022, CXOToday.com reports. North America is expected to hold the largest cyber insurance market share during the forecast period, driven by enforcement of data protection regulations in the United States, increases in levels of liability and legislative developments.

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