Line of business: Cyber Page 11 / 16
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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.
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- March 24 2021
HK-based Lloyd’s coverholder eyes Asia cyber market
Industry sources say the Pandamatics Underwriting start-up will hopefully spur competition.
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- March 19 2021
APRA wants more cyber data from insurers
The regulator agreed an extended timeframe with the ICA to facilitate a "more effective process".
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- March 17 2021
Bitcoin mining cover needs ‘realistic’ pricing
As policy requests grow, expert tells IAN the risk exceeds traditional data centres.
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- March 4 2021
Asia sees ‘biggest shift’ in cyber premiums
Expert tells IAN premiums are increasing even for those with "clean accounts".
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- February 17 2021
Asia SMEs resistant to cyber cover
Two-thirds of Singapore small businesses say they do not have any cyber protection in place.
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- February 16 2021
Australia liability GWP spikes in Q4: Marsh
The COR for the casualty market exceeded 100% for the first time since 2015.
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- January 29 2021
Australia cyber premiums to continue upward trajectory: Marsh
Rates recorded increases of 15-20% throughout 2020 with 'silent cyber' a key concern.
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- January 19 2021
MAS sets ‘higher expectations’ for cyber risk
The Singapore regulator told IAN that (re)insurers need to identify their key IT vulnerabilities.
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- January 19 2021
Cyber tops Asia Pacific 2021 business risk list: Allianz
Covid-19 and business interruption were the other top concerns across the region.
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- December 28 2020
Cyber insurance market to reach US$9.5bn in 2021
The Asia Pacific region recorded the highest number of malicious data breaches in 2019.
