Line of business: Cyber Page 1 / 17
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- May 6 2025
Stress test shows Kiwi insurers can meet claims in NZ$100bn earthquake scenario
New Zealand's central bank assessed the responses to a major earthquake and severe cyber-risk incidents by simulating an event well beyond insurers’ solvency requirements, modelled to cost around US$60bn.
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- April 28 2025
AIG snaps up Munich Re’s Harprit Singh Narang as APAC cyber leader
Singapore-based Narang spent almost six years with Munich Re, having also worked for the likes of Deutsche Bank and Barclays Investment Bank.
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- April 25 2025
Parametric insurance ‘plugs the gap’ as nat cat losses strain traditional coverage: Descartes’ Ben Qin
Head of North Asia and Australia tells InsuranceAsia News’ Between The Lines podcast that parametric insurance's speed and payout certainty offers a critical advantage over traditional claims.
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- April 25 2025
With boots on the ground in Australia, CFC eyes strong growth, upselling opportunities
Following the acquisition and rebranding of Solution Underwriting, the MGA's Australia managing director Anita Lane looks to the future and reflects on the softening commercial insurance market.
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- April 24 2025
Pacific rates suffer largest global fall at 8% in Q1, Marsh says
Finpro pricing fell by 10%, while property and cyber declined by 9% and 8%, respectively.
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- April 24 2025
Asia insurance rates down 3% in Q1 2025, fifth straight quarter of decline: Marsh
Property rates down 3%, while casualty placements saw a 2% decline, and finpro and cyber rates fell by 8%, according to the broker's Global Insurance Market Index.
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- April 22 2025
US$1.5bn Bybit hack offers ‘a profound wake-up call’ for nascent Asian crypto insurance market
Short-term capacity contraction and premium increases of up to 50% expected as sector is set to recalibrate.
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- April 9 2025
WTW elevates Carlos Ortega as cyber leader for Hong Kong, greater China
Ortega, who was earlier lead for Hong Kong, has held senior roles across Asia and Latin America, focusing on financial and cyber insurance.
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- April 8 2025
APAC cyber premiums to top US$3bn by 2030: Munich Re
Reinsurer expects global market to more than double to US$32.4bn in the next five years, making it one of the most rapidly growing insurance sub-sectors.
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- April 7 2025
New cyber liability ‘risk is real’ for Australian insurers after privacy law change
Cyber Security Act, accompanied by the Privacy and Other Legislation Amendment Bill 2024, has increased the companies' responsibilities around cybersecurity, law firms say.
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- March 24 2025
APAC firms preparing to fail as ‘jarring’ cyber shortfall emerges despite increased threat
Companies’ vulnerabilities are growing as attack surface has increased and there is real prospect of regulatory intervention, consumer action and long-term reputational damage.
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- March 4 2025
Mitsui Sumitomo eyes global cyber expansion with US$30m Coalition investment
Funding builds on the Japanese insurer's strategic partnerships with the cyber specialist MGA in Australia and Japan.
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- March 3 2025
Australian MGA Solution Underwriting rebrands as CFC
London-headquartered specialty MGA plans to launch services in liability and tech, media and intellectual property over the coming months following its acquisition of the Australian specialist in April.
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- March 3 2025
APAC fac demand set to thrive in 2025 as buyers seek solutions for mixed bag of old, new risks
Increased interest in cyber products anticipated as local market continues to mature and specialised products come onstream.
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- February 14 2025
Commercial rates harden in Taiwan, Japan while rest of Asia declines: Marsh
Composite insurance rates in Asia continued a downward trend, declining by 3% in the fourth quarter of 2024, marginally higher than the global average.
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- February 12 2025
APAC cyber insurance market grew to US$1.7bn in 2024 amid ‘notable surge’: Guy Carpenter
Erica Davis, global co-head of cyber at Guy Carpenter, says the acceleration in growth is good news for global reinsurers’ desire to diversify their exposure, which helps unlock new capacity.
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- February 10 2025
Allianz Commercial taps Aon’s Josephine Tam to lead financial lines, cyber in Asia
Singapore-based Tam was most recently regional director for cyber solutions and financial institutions at Aon.
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- February 5 2025
Asia insurance rates decline 3% in Q4 2024, driven by cyber and finpro lines: Marsh
Cyber rates drop by 11%, while finpro falls 9%, both extending the previous quarterly declines in 2024, according to the latest Global Insurance Market Index by the broker.
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- February 5 2025
Pacific rates suffer largest drop in Q4 2024, driven by finpro, cyber and property lines: Marsh
Finpro premiums fell by 12%, while cyber and property declined by 8%, according to the Global Insurance Market Index.
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- February 3 2025
Cyber specialist Sync Underwriting launches in Australia with Tokio Marine capacity
The MGA, which is part of the Rhodian Group underwriting network, will provide cover for small to mid-sized businesses in the country.
