Cyber Insurance
Cyber insurance premiums to hit $23b by 2026
S&P anticipates APAC to have one of the fastest growth rates.
2 days ago
Cyber insurance premiums to hit $23b by 2026
S&P anticipates APAC to have one of the fastest growth rates.
2 days ago
Cyberattacks cost Australian businesses $71,600 on average
74% of Australians identify data breaches as a major privacy risk.
6 days ago
Australian insurance market improves in H1 2024 amidst increased competition, choices
Post-pandemic business changes continued to impact the life insurance market's profitability.
Aon's new tool aids firms in cyber risk management
It aims to tackle ransomware, data breaches, business interruptions, and insider risks.
Actuaries Institute stresses need for SME cyber defenses
Large corporations reinforced cybersecurity, whilst many SMEs remain behind.
APAC sees rising demand for cyber, EV insurance
Motor insurance remains the largest non-life segment, representing 41% of premiums.
Mitsui Sumitomo Insurance, Coalition expand cyber insurance in Australia
Coalition has brought its Active Insurance model to over 1,400 policyholders.
Cyber risks loom as telcos lack comprehensive insurance coverage: WTW
About half of the industry identified cybersecurity as a top threat.
Large cyber claims jump 14% as privacy breaches worsen in 2024
Costs could skyrocket from €20,000 to €20m if left unchecked.
New Beazley Quantum targets corporations with over $1b turnover
This initiative injects $100m in fresh capacity into the cyber insurance market.
Cyber resilience lagging despite budget increases
The average cost of a data breach across respondents stands at $3.3m.
Cyber scams prompt behaviour change in 61% of users
Chubb says insurance can play a key role in digital payments.
Australia leads APAC in cyber insurance uptake
Demand for cyber insurance in the region is growing at nearly 50% annually.
Why are few companies opting for AI-specific insurance?
Ransomware and phishing now worry 35% of executives.
Cyber insurance demand rises in APAC's emerging markets
APAC cyber insurance market is growing at nearly 50% annually.
How is APAC leading with AI to fight insurance fraud?
74% of respondents reported that fraud cases are either stable or increasing.
APAC insurers increase cybersecurity investments by 48%
Insurance premiums for cyber policies rose by 70% from 2020 to 2022.
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1. Top 50 list shows worsening dip in Singapore’s insurance premiums 2. China's personal insurance sector to grow 5% to 10% annually 3. Health insurance payouts rise 30% in India 4. Sun Life HK, HKMC partner to promote flexible retirement planning programmes 5. 20 private Indian insurers struggle with claim payoutsResource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
