Industry Segments: Cyber Page 6 / 14
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- December 14 2022
Singapore’s cyber risk pool should be relaunched, says architect of last attempt
A reluctance to share capacity scuppered the efforts in 2018, but the market has evolved greatly since.
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- November 18 2022
Australian ransomware payment ban offers relief to hardening cyber market
A series of high-profile cyber attacks on major institutions to likely cause a surge in H2 loss ratios for cyber programmes.
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- November 11 2022
Ransomware group targets IRDAI: report
The Indian Computer Emergency Response Team is understood to have been alerted.
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- November 10 2022
China policy push spurs demand for cyber cover
A data privacy law and a new draft cybersecurity insurance framework should help the domestic market.
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- November 1 2022
APAC commercial rates moderate as cyber pricing shoots up: Marsh
Pricing in the Pacific climbed 5% in Q3, down from 7% in Q2, while Asia was up 2%, down from 3%.
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- October 12 2022
Kakao Pay kick-starts insurance arm with cyber launch: report
The product is expected to shorten the time it takes to pay claims for online financial fraud by over two months.
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- October 11 2022
Lloyd’s to restore network as it finds no evidence of compromise
The shutdown that started last week had a limited impact on "a few" operations in Asia Pacific.
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- September 29 2022
Optus cyber loss expected to breach US$1bn
Australian cyber carriers brace for a major hit with potentially multiple insurance payouts as law firms prepare class action suits.
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- September 20 2022
Aon goes in-house for APAC cyber head and bolsters M&A team
Adam Peckman takes on cyber role covering five territories, while Adrian Chai becomes director, transaction solutions, Asia.
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- September 16 2022
RVS Monte Carlo: Indian stand-alone cyber on a growth spurt, says Guy Carpenter’s Cordonnier
Data protection legislation really driving growth around Asia for more comprehensive cover.
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- August 24 2022
Japan infrastructure spending set to spur property GWP growth
The country's general insurance market set to reach US$133bn in 2026, GlobalData forecasts.
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- August 4 2022
Aon appoints Asia director of cyber solutions in Hong Kong
Sabba Manyara was most recently at rival WTW, also in the Special Administrative Region.
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- July 29 2022
Asia firms face ‘lack of skills’ to deal with cybersecurity threat: survey
Only 48% of respondents in Asia believe that their company has effective cyber policies, according to Marsh Mercer Benefits.
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- July 28 2022
Capacity tight due to complex risks in Asia’s tech market
BI risks, data security concerns and past losses are contributing to more conservative underwriting.
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- June 30 2022
Asian firms register privacy breach as top cyber concern: Marsh
Data shows there is a lack of cybersecurity risk controls in place.
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- June 28 2022
MSIG charts new Asia financial lines, cyber course
Digital key to insurer's regional SME push beyond Hong Kong and Singapore post Dual.
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- June 27 2022
Australia’s first data breach case puts pressure on cyber market
First conviction for breach of cyber security standards comes amid challenging market.
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- June 3 2022
Chubb partners with JA Assure to launch online SME cyber platform
Haxsafe is available in Hong Kong, Singapore and Malaysia.
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- June 2 2022
Asian captives lack strategic direction for dealing with cyber
Brokers and (re)insurers are advocating for a more structured approach to the captive model.
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- May 23 2022
Asian firms reach for cyber analytics tools as hard market makes cover more costly
With rising rates optimising insurance cover is essential.
