Industry Segments: Cyber Page 7 / 15
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- April 12 2023
Asian SMEs warm up to cyber cover after digital boom
The changing economy is seeing more business being handled online meaning threats are growing, but risk data is still lacking.
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- March 30 2023
Medibank served another lawsuit for cyber security lapse
Law firm Quinn Emanuel Urquhart & Sullivan has initiated a class-action lawsuit for breach of disclosure obligations.
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- February 8 2023
Medibank faces class action suit over data hack: report
The lawsuit against the insurer was filed by Baker McKenzie and funded by litigation funding company Omni Bridgeway.
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- January 25 2023
Analytics: Asian economic, BI and cyber worries on the rise in 2023
Higher-than-expected inflation and financial market volatility are among the biggest concerns for insureds in the region.
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- January 10 2023
Beazley issues first cyber cat bond
The bond is worth US$45m and will indemnify against all perils in excess of a US$300m event.
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- December 30 2022
‘Uninsurable’ cyber casts a long shadow
Spiralling losses, evolving and unquantifiable risks and shrinking capacity in the region constrain (re)insurers.
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- December 14 2022
Singapore’s cyber risk pool should be relaunched, says architect of last attempt
A reluctance to share capacity scuppered the efforts in 2018, but the market has evolved greatly since.
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- November 18 2022
Australian ransomware payment ban offers relief to hardening cyber market
A series of high-profile cyber attacks on major institutions to likely cause a surge in H2 loss ratios for cyber programmes.
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- November 11 2022
Ransomware group targets IRDAI: report
The Indian Computer Emergency Response Team is understood to have been alerted.
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- November 10 2022
China policy push spurs demand for cyber cover
A data privacy law and a new draft cybersecurity insurance framework should help the domestic market.
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- November 1 2022
APAC commercial rates moderate as cyber pricing shoots up: Marsh
Pricing in the Pacific climbed 5% in Q3, down from 7% in Q2, while Asia was up 2%, down from 3%.
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- October 12 2022
Kakao Pay kick-starts insurance arm with cyber launch: report
The product is expected to shorten the time it takes to pay claims for online financial fraud by over two months.
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- October 11 2022
Lloyd’s to restore network as it finds no evidence of compromise
The shutdown that started last week had a limited impact on "a few" operations in Asia Pacific.
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- September 29 2022
Optus cyber loss expected to breach US$1bn
Australian cyber carriers brace for a major hit with potentially multiple insurance payouts as law firms prepare class action suits.
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- September 20 2022
Aon goes in-house for APAC cyber head and bolsters M&A team
Adam Peckman takes on cyber role covering five territories, while Adrian Chai becomes director, transaction solutions, Asia.
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- September 16 2022
RVS Monte Carlo: Indian stand-alone cyber on a growth spurt, says Guy Carpenter’s Cordonnier
Data protection legislation really driving growth around Asia for more comprehensive cover.
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- August 24 2022
Japan infrastructure spending set to spur property GWP growth
The country's general insurance market set to reach US$133bn in 2026, GlobalData forecasts.
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- August 4 2022
Aon appoints Asia director of cyber solutions in Hong Kong
Sabba Manyara was most recently at rival WTW, also in the Special Administrative Region.
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- July 29 2022
Asia firms face ‘lack of skills’ to deal with cybersecurity threat: survey
Only 48% of respondents in Asia believe that their company has effective cyber policies, according to Marsh Mercer Benefits.
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- July 28 2022
Capacity tight due to complex risks in Asia’s tech market
BI risks, data security concerns and past losses are contributing to more conservative underwriting.
