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The global cyber insurance market was valued at USD 10.74 billion in 2022 and is anticipated to grow at a CAGR of 22.3% from 2023 to 2032. The dependence on technology and the internet has become crucial for organizations and individuals in today's more connected and digital society. While this technological development has many benefits and advantages, it has also ushered in a new era of hazards and liabilities, especially in cyber security.
