Cyber Insurance
How exposed are Asia's factories to cyberattacks?
How exposed are Asia's factories to cyberattacks?
Many industrial losses fall outside traditional insurance policies.
5 days ago
Cyber insurance gap grows as 32% unaware of cover
Another 31% cited price, whilst 19% said they did not understand the product.
SMEs face cyber cover gap after 34.7% suffer attacks
Only 16.8% of small businesses worldwide hold standalone cyber insurance.
Liberty General launches cyber cover amidst system failure risks
Approved incident counsel removes retention for incident coach services.
Southeast Asia insurers risk profit hit from weak data systems
Igloo CEO says outdated infrastructure limits AI gains despite rising spending.
Cyber insurance shock could emerge every 10 to 18 years
Howden Re compared potential cyber losses to moderate catastrophe years such as 2008.
Insurers face capacity strain as $300b data centre boom grows
Total insurable values per site can reach $20b to $30b, raising aggregation concerns.
Reinsurance rethinks cyber tail losses as market hits $16b
Global gross written premiums climbed from around $8b in 2020.
Allianz Singapore offers up to $46,800 in scam protection
Two tier structure allows multiple shopping related claims under higher coverage level.
Cyber insurance trails as only 10% of SMEs buy cover
Amongst the worst attacks, average losses in the top 10% of events topped $28m in 2024.
AI risks rise as 43% of firms lack formal frameworks: Gallagher Re
Gallagher Re found just 44% had completed structured impact reviews.
APAC businesses at risk as fraud attack rate rises to 1.7%
There is a 59% rise in automated attack tools mimicking human behaviour.
How will the Middle East war drive cyber insurance demand?
Geopolitical tensions are spilling into the digital realm.
How APAC cyber gap exposes households to fraud
bolttech found 39% were already hit by digital crime across the region.
Zurich launches 5-minute AI cyber insurance
The product automates underwriting for Australian firms via Cowbell partnership.
Insurers face China AI surge as report ranks disruption as top threat
Regulation change sits third with 33% citing it as a major risk driver for companies.
Malaysia insurers must confront catastrophe risk spike for 2026 report
Over one-third of respondent identified extreme weather events as their top risk.
Commentary
Why expanding embedded insurance is Asian telcos’ next differentiator