IAN Reports
- Cyber
- Published 01 Feb 2022
Asia’s evolving cybersecurity insurance landscape
Amid an uptick in ransomware attacks and other digital threats, carriers across the APAC region are now revising rates and wordings to cope with this new risk environment.
Our inaugural report examines how the uptick in cyber attacks in Asia has affected the kind of cover carriers are offering to their clients while also providing country-focused analysis of claims, risks, rates and wordings. Hear from a range of industry experts including:
• Struan Todd, co-founder, Pandamatics Underwriting
• James Tuplin, head of international cyber underwriting, Mosaic Insurance
• Gareth Cottam, head of cyber – Asia, Crawford
• TL Lim, partner, Mayer Brown
• Nigel Collins, global technical lead for cyber, McLarens
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Asia insurance rates decline 3% in Q4 2024, driven by cyber and finpro lines: Marsh
- February 5
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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Pacific rates suffer largest drop in Q4 2024, driven by finpro, cyber and property lines: Marsh
- February 5
Finpro premiums fell by 12%, while cyber and property declined by 8%, according to the Global Insurance Market Index.
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Cyber specialist Sync Underwriting launches in Australia with Tokio Marine capacity
- February 3
The MGA, which is part of the Rhodian Group underwriting network, will provide cover for small to mid-sized businesses in the country.
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With market in its adolescence, Lloyd’s seeks to address growing pains of ‘other cyber’ risks
- February 3
Lloyd's Market Association framework addresses aggregation and exposure risks of systemic scenarios that have not been heavily modelled.