Analysis of Cyber Insurance Potential in Indonesia

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review


In the digital era, one cannot deny that the virtual world has been vital in all activities. This makes owners of companies vulnerable to cybercriminals in terms of the personal data security of both customers or consumers. This necessitates cyber insurance products designed to protect vulnerable parties. In 2017, some insurance companies in Japan and America had the most revenue for cyber insurance. However, in Indonesia, cyber insurance has not attracted much interest, and only a few studies have been conducted on the topic. Therefore, this paper intends to examine the potential and constraints of cyber insurance development in Indonesia. Based on the SWOT analysis results, the presence of cyber insurance in Indonesia is under Quadrant 4. One of the major strategies that can be used to further the importance of cyber insurance is literacy and education among IT-based companies.
Original languageEnglish
Title of host publicationProceedings of The 3rd International Conference on Vocational Higher Education (ICVHE 2018)
PublisherAtlantis Press
Number of pages6
ISBN (Electronic)978-94-6252-947-2
Publication statusPublished - 3 Apr 2020
Event3rd International Conference on Vocational Higher Education (ICVHE 2018): “Understanding Digital World. From Theory to Practices.” - Batam, Indonesia
Duration: 2 Aug 20184 Aug 2018

Publication series

NameAdvances in Social Science, Education and Humanities Research
PublisherAtlantis Press
ISSN (Electronic)2352-5398


Conference3rd International Conference on Vocational Higher Education (ICVHE 2018)


  • cyber insurance
  • digital era
  • SWOT analysis


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