Cyber Insurance
Cyber gross written premiums could double to $30b globally
Cyber gross written premiums could double to $30b globally
The top 10 reinsurers account for 87% of the global cyber GWP.
Pacific commercial rates down 8% in Q1 2025
Marsh recorded declines across all major lines of business.
Clearer cyber risk benchmarks for Australian SMEs pushed
The financial fallout from a single cyber event can be devastating.
Where is cyber insurance growing fastest across regions?
Asia/Oceania are expected to expand their market shares to 8% by 2027.
Chubb launches new casualty, cyber coverage for life science firms in APAC
Businesses will have access to multiple insurance lines through a single package.
Few Singapore SMEs have cyber insurance
They seek to ward off cyber threats but not through insurance.
Cyber ILS market grows as insurers seek alternative risk transfers
Cyber insurance demand is seen to reach $23b by next year.
Experts warn insurers of growing vulnerability to token theft
Six in 10 businesses have shut down in the past three years due to ransomware.
Marsh launches Cyber Echo Encore, boosting cyber insurance capacity
It also provides up to $45m in additional cyber insurance capacity.
Gallagher Re launches index to track reinsurance pricing
It will report on pricing trends for Aggregate Excess of Loss reinsurance.
Cyber insurers focus on SMEs as policies cover firms under $10m
SMEs account for more than 80% of all cyber policies.
CFC expands in Australia, rebrands Solution Underwriting
It plans to further extend into management liability, technology, media, and IP.
Cyber insurance expansion challenged by exposure limits
Industry insiders cited risk assessment as the biggest concern.
Why a third of Singaporean SMEs don’t use cyber insurance
Amongst those without coverage, half considered purchasing a policy.
Hong Kong SMEs pivot back to offline insurance channels
SMEs have scaled back cyber protection measures, with fewer investing in security solutions.
How much did APAC’s cyber insurance market bag in 2024?
Guy Carpenter cautioned about evolving threats such as ransomware.
Cyber ILS market taps $750m for expanding insurance
Cyber insurance market is expected to more than double in size over the next decade.
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