Industry Segments: Cyber Page 9 / 15
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- February 1 2022
New Aussie reporting rules may challenge cyber insurance
Insurers will have to split out their cyber data as part of IFRS 17 reforms – but this may not be so easy.
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- January 6 2022
Q&A: Peak Re’s Clarence Wong on claims’ inflation and cyber risk
The chief economist says the insurability of new risks such as cryptocurrencies will improve.
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- December 6 2021
Lloyd’s expands cyber war exclusions
New wording narrows the scope of standalone policies, excluding cover for losses attributed to a nation state.
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- December 2 2021
Chubb makes Singapore senior personal lines appointment
Tulio Puente will report to Scott Simpson, country president for Chubb in Singapore.
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- November 15 2021
SIRC 2021: Singapore finance minister backs ILS
Lawrence Wong also urged delegates to act on climate change and support the nascent cyber market.
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- November 15 2021
Munich Re’s Park on climate risks, underwriting and transformation
James Park, the reinsurer's chief executive for Singapore and South-East Asia, warns on unmodelled risks.
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- November 1 2021
Former Lockton cyber exec joins Marsh in Hong Kong: sources
IAN understands Marsh has appointed a new vice president -- head of cyber for Greater China.
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- October 28 2021
Parima 2021: Institutional capital an alternative to traditional capacity
Aon's new Asia CEO cites ability of pension funds and sovereign wealth funds to provide the market with different options.
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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.
