Line of business: Cyber Page 14 / 17
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- February 23 2018
Yearly cybercrime losses top US$600bn in 2017
Hackers are becoming more sophisticated, with India, Vietnam and North Korea emerging as cybercrime centres.
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- February 22 2018
Risk culture still lacking in Asia – EY
Less than half of insurers across the region have developed a risk culture or risk conduct framework.
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- February 7 2018
Allianz links up with Apple, Cisco on cyber coverage
Under the deal, businesses using equipment from the two firms discounts will get discounts on their cyber policies.
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- January 18 2018
Insurance sector ill-equipped against cyberattacks
Insurers have found a new battleground in providing cover for cyberattacks, according to Lloyd’s.
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- January 5 2018
Cyber risk rising
Are underwriters prepared for the digital equivalent of Hurricane Andrew?
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- January 5 2018
India’s cyber insurance demand up 50%
Companies have started to take action over the effects of cyber attacks and data breaches.
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- December 14 2017
AIG launches new benchmark to gauge cyber risk
The model evaluates cyber security maturity against common attack patterns across commonly used devices.
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- November 28 2017
Autonomous ships may be uninsurable
Marine executives around the world have expressed concern that insurance may not be available for unmanned ships.
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- October 30 2017
AIG casualty insurance soon to include cyber cover
The insurer is in the process of shifting from issuing policies that do not specify whether cyber losses are covered.
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- October 20 2017
Indian insurers told to run cyber security audits
The regulator has asked for immediate security audits after reports of cyber attacks targeting financial institutions.
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- October 17 2017
AIG launches Hong Kong cyber products
The insurer is targeting cyber insurance growth as policy requests rise 87% following WannaCry and NotPetya cyber attacks.
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- September 5 2017
Chubb appoints two Asia-Pacific cyber executives
Andrew Taylor in Sydney and John DePeters in Singapore take up new regional cyber underwriting roles
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- September 1 2017
Banks turn to insurance for cyber attack cover
Banks are finding ways to shield their businesses from operational risks by considering insurance coverage.
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- August 17 2017
Harness captives responsibly, says Bank Negara governor
Muhammad Ibrahim said captives must be seen as supporting and contributing to broader economic transformation and growth.
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- August 11 2017
Asian boards need to take responsibility for cyber
Cybersecurity is too important an issue for senior executives and company boards to ignore.
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- July 25 2017
Only 10% of Asian firms prepared for cyberattacks
Businesses in the region are ill-equipped against and not covered for cyber attacks, says QBE survey.
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- July 25 2017
XL Catlin launches cyber policy in Asia
The solution is designed to protect businesses from malicious network compromise and data breach.
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- July 18 2017
Asia ill-prepared against cyber attacks, says Lloyd’s
Lloyd's risk modeling platform Cyence says losses from cloud service disruption could reach US$53 billion in an extreme case.
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- July 4 2017
Mitsui & Tokio Marine to cover bitcoin trades
Two Japanese insurers are set to offer compensation for failed virtual currency transactions.
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- June 29 2017
Businesses need to better prepare for cyber attacks, says Lloyd’s
Businesses could face a much higher bill than they are ready for after falling victim to a cyber attack.
