Cyber Insurance
Insurance-linked securities proposed for cyber threats: Geneva Association
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.
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.
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1. LIA Singapore appoints Wong as president with new 2025 goals 2. Vietnam’s life insurance sector slated for dip this 2025 3. Singapore launches online tool for health insurance planning 4. BFSI sector leads cyber insurance adoption at 35% to 40% share 5. Malaysia’s healthcare system faces funding, cost challengesResource Center
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