Cyber Insurance
Cyber ILS market grows as insurers seek alternative risk transfers
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.
Cybersecurity insurance poised for 20.5% CAGR by 2032
The market was also valued at $16.4b in 2023.
Acclaim Insurance Brokers, CyberCube partner for cyber insurance
The broker’s CEO said it would let the company deliver informed cyber risk advice.
ANZ firms boost cybersecurity budgets despite layoffs
Cost pressures have led 25% of organisations to reduce IT and security staff.
Cyber reinsurance market sees increased competition: Gallagher Re
Discussions around cyber war, a 2024 hot topic, was less this year.
Allianz reveals top business risks for 2025
Natural catastrophes held the third spot in Asia.
Insurance-linked securities proposed for cyber threats: Geneva Association
It will attract additional risk-bearing capacity from outside the sector.
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