Cyber Insurance
Why a third of Singaporean SMEs don’t use cyber insurance
Why a third of Singaporean SMEs don’t use cyber insurance
Amongst those without coverage, half considered purchasing a policy.
2 days ago
Hong Kong SMEs pivot back to offline insurance channels
SMEs have scaled back cyber protection measures, with fewer investing in security solutions.
2 days ago
How much did APAC’s cyber insurance market bag in 2024?
Guy Carpenter cautioned about evolving threats such as ransomware.
6 days ago
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.
WTW launches cyber insurance facility in Singapore, Hong Kong
AI was ranked amongst the top five emerging risks in Asia.
Catastrophe bonds could boost cyber risk capacity
Cat bonds could significantly enhance risk-absorbing capacity.
Beazley unveils new head of cyber risks
They previously served as head of International Cyber for over a decade.
MSIG Asia reels in new VP for cyber, financial lines
He has over two decades of experience in the global reinsurance sector.
Global cyber insurance market to hit $97.3b by 2032
This is driven by the rising complexity and frequency of cyberattacks.
Cyber insurance premiums to hit $23b by 2026
S&P anticipates APAC to have one of the fastest growth rates.
Cyberattacks cost Australian businesses $71,600 on average
74% of Australians identify data breaches as a major privacy risk.
Commentary
Ageing populations and rising mortality main concerns for life insurers and reinsurers