Industry Segments: Cyber Page 7 / 13
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- October 28 2021
Financial lines led Asia Q3 price hikes: Marsh
Heightened cyber risk generated pressure on pricing, a reduction in capacity and a narrowing of cover.
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- October 21 2021
Asia’s cyber market needs to learn its limitations
Systemic attacks on critical infrastructure have been described as "beyond the industry's capacity to insure".
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- October 5 2021
Japan’s SMEs see rise in corporate risks: GIAJ
General Insurance Association of Japan survey highlights a low level of consciousness among small-and-medium-sized enterprises.
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- October 4 2021
Malaysia insurers resilient despite economic uncertainty
Central bank report adds that the financial services industry needs to embrace digitalisation.
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- September 30 2021
Cyber (re)insurance premiums could double by 2023: S&P
Rating agency says the development of a comprehensive retrocession market would improve capacity.
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- September 24 2021
New Zealand insurers profitable despite nat cats
Report shows wildfires have also contributed to major claims along with heavy rainfall.
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- September 10 2021
Indian authority issues guidance on cyber insurance
The IRDAI wants insurers to review their existing cyber products as attacks accelerate during the pandemic.
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- August 24 2021
Australia’s hard market eases as risk appetite returns
D&O and property increases soften but cyber rates have jumped by up to 80%.
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- August 20 2021
Asia P&C reinsurance rates rise as nat cats, pandemic bite
A combination of government initiatives, ILS, nat cats, cyber risk and FDI regulations are set to fuel the market.
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- August 5 2021
Cyber insurance pricing hardens as attacks escalate
Lloyd's webinar told that cyber cover has been underpriced for many years.
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- July 19 2021
APRA asks general insurers to self-assess amid BI concerns
The regulator wants insurers to review the soundness of their risk management frameworks.
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- July 12 2021
Beazley appoints APAC healthcare underwriter
Appointment of Prashansa Daga supports the expansion of the specialty player's medical & life sciences offering.
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- July 7 2021
Global ‘digital pandemic’ driving cyber rate increases
Ransomware attacks in Singapore cost almost double the worldwide average.
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- June 29 2021
Munich Re’s Singapore syndicate eyes renewables, cyber
The specialty (re)insurer saw double digit growth in 2020 and is in expansion mode.
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- May 18 2021
Axa’s Asia Assistance unit hit by cyber attack
The hack comes soon after the European insurer stopped underwriting ransomware payouts in France.
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- April 28 2021
APAC’s D&O landscape shaped by cyber and data risks
WTW and Clyde & Co. report says insurers are focusing on governance, audit and incident response amid an evolving threat landscape.
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- April 26 2021
South Korea 1.4 renewals excluded contagious diseases, silent cyber
Guy Carpenter said capacity was more than sufficient with some players chasing cedants.
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- April 21 2021
Willis Towers Watson appoints Asia head of cyber
Singapore-based Jennifer Tiang has previously worked at Tokio Marine and Marsh.
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- April 19 2021
Australia’s hardening cyber market held to ransom
Aon report says the threat from ransomware has grown significantly in recent years.
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- April 14 2021
Cyber needs ‘massive’ capital injection to fuel growth
An increase in ransomware and other incidents has reduced capacity.
