Cyber Insurance
Re/insurers reevaluate policies after CrowdStrike system crash
Re/insurers reevaluate policies after CrowdStrike system crash
Aon sees an opportunity to improve the granularity of policy information.
QBE Insurance unveils global cyber policy for broader protection
The coverage will be offered in five APAC markets.
Hong Kong’s cyber incidents call for robust protection
Last year alone 7,752 security incidents were recorded.
Insurance sector sees 25% decline in cyber attacks in Q2 2024
Across all industries, the region experienced a 23% rise in attacks.
Insurance software market to climb 7.8% CAGR by 2028
Australia’s heightened rules pose challenges to insurer requirements.
Expert debunks misconceptions impacting cyber insurance investment
A Forrester report found that only a quarter of firms possess standalone policies.
Business email compromise is often overlooked cyber threat: Guy Carpenter
The past five years saw 550 email compromises, affecting clients.
Cyber insurance costs drop amidst improved cyber hygiene
Global cyber insurance to hit $43b by 2030, Howden projects.
Marsh India reports surge in cyber incidents in 2023
The mean cost to recover from ransomware attacks was estimated at $1.82m.
Singapore leads in cyber insurance with 96% adoption rate
About 76% of businesses reinforced cyber defences to qualify for insurance.
Swiss Re Institute report predicts AI impact on health industry
Insurers are advised to take advantage of this to expand cyber risk offerings.
Cyber risks escalate with ransomware on the rise: Munich Re
Global cybercrime costs will reach $13.8t by 2028.
Global cyber insurance market to skyrocket by $42.81b by 2027
Surge in cyber-attacks prompts increased demand for cyber insurance to safeguard against financial and reputational risks.
Surge in demand for cyber, marine, cargo, and property insurance in SG and Malaysia
Success in both markets relies heavily on how they’ll navigate uncertainties.
The cost of insurance in a digital world
As more businesses grow their presence online, cyber insurance is slowly gaining traction.
Chubb and JA Assure launches cyber insurance platform for SMEs
The platform is currently available in Hong Kong, Malaysia, and Singapore.
Chubb SG and StarHub launches insurance coverage against cyber-bullying
The product will also protect customers from other online threats.
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AI isn’t replacing insurance, it’s finally making it work