Asia ill-prepared against cyber attacks, says Lloyd’sJuly 18 2017 by InsuranceAsia News Staff
- August 4
Sabba Manyara was most recently at rival WTW, also in the Special Administrative Region.
- July 29
Only 48% of respondents in Asia believe that their company has effective cyber policies, according to Marsh Mercer Benefits.
- July 28
BI risks, data security concerns and past losses are contributing to more conservative underwriting.
- June 30
Data shows there is a lack of cybersecurity risk controls in place.
A longer claims process and increased cost were some of the challenges faced by insurers.
Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.