BI claims in focus as carriers assess losses amid global tech outage
July 22 2024 by Heather Ng and Kristina Shperlik
MORE FROM: Cyber
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Global tech outage could see claims snowball but insurers ‘wait-and-watch’
- July 19
The impact on the industry will depend on the “waiting period” , however, there could be long-term BI and other complex claims.
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Munich Re promotes Chris Baker to APAC cyber practice lead
- July 16
Singapore-based Baker takes over the role from Serene Chan, who will head the carrier's P&C reinsurance business in Greater China.
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Munich Re’s Serene Chan takes charge as head of P&C reinsurance for Greater China
- July 16
Chan, who was previously regional head of cyber for Asia Pacific with the reinsurer, was appointed in the new role following a wider regional leadership reshuffle earlier this year.
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APAC to account for 8% of non-US cyber premium growth by 2030: Howden
- July 6
Despite cyber insurance pricing dropping by 15% from the 2022-peak, growth opportunities abound especially among new geographies such as Asia Pacific, and niche segment such as SMEs, Howden said in its annual cyber report.
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