A Study On The Potential Of China’s Network Security Insurance Market From The Perspective Of Insurance Companies

Today,with the rapid development of network,network risk is becoming more and more prominent.In particular,the process of China’s digital economy is changing with each passing day,and the topic of network security is becoming more and more important.The layout of the network security industry in China has issued a scale,but the insurance industry has only entered the industrial map in recent two years.At present,the degree of participation is not high.Network security insurance plays an important role in weakening negative external effects and ensuring the overall stability and security of the network environment.Therefore,studying the market of network security insurance can clarify the specific manifestations and causes of the current insufficient development of the industry,provide insurance companies with a visual market scale and guarantee gap in the future,and help explain the necessity of vigorously developing network security insurance and how to make up for the deficiencies.This paper reviews the research status of network security insurance at home and abroad.Firstly,it expounds the related concepts of network security insurance;Secondly,it analyzes the shortcomings of market development,and analyzes the specific reasons.It is mainly reflected in that the insurer does not have sufficient experience and motivation to develop the network security insurance market.Enterprise customers are facing increasing risks.Insurance is lack of enthusiasm and rationality.Not only the number of insurance is small,but also the insured enterprises have not fully allocated the amount of insurance.The regulatory policy has not made specific provisions on network security insurance,and the vigorous development of network security industry has also brought challenges to the insurance industry;Finally,from the perspective of insurance companies,with the help of grey system theory,this paper forecasts the amount of claims caused by network security losses to insurance companies.The results show that: first,the possible amount of network security claims in China will reach about 14.9 billion yuan in 2024,showing an increasing trend year by year,and the market potential is huge.2、Compared with the current development of network security insurance in China,it is found that it is still in the initial stage of development.3、 According to the current development level,insurance companies will not be able to meet the security needs of the future market.Referring to the advanced development experience of foreign countries in network security insurance,from the upper design,basic framework to the cooperation mode of various subjects,this paper puts forward feasible suggestions for China’s network security insurance: the insurer needs to actively cooperate with all parties,innovate the cooperation mode,and build a whole process service system including risk assessment,risk control and claim settlement service stage;Strengthen publicity to improve the enthusiasm of enterprises in insurance,and enhance the rationality of enterprise insurance through comprehensive and professional risk assessment;Policy support in the basic environment will also promote the development of the insurance industry,such as putting into pilot projects as soon as possible and formulating norms and standards.