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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Hong Kong tech hub receives ransom demands after data breach: reports
- September 11
Hackers are demanding around US$300,000 to return the data taken from startups in Cyberport, which also incubates several insurtechs.
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Asia saw ‘double-digit’ D&O price decreases in Q2 as cyber rose 8%: Marsh
- August 1
Composite insurance pricing in the region was flat as hikes in property and cyber were offset by a decline in casualty and financial and professional lines rates.
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Asia cyber market ‘to outperform the rest of the world’
- July 25
While most of the buyers are still larger companies, the real growth opportunities come from the underpenetrated SME and mid-market.
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Tokio Marine Kiln expands its cyber presence with Axa XL hire
- July 20
Singapore-based Sam Bye will start in the role of a cyber underwriter from August 1 and report to APAC underwriting director Jamie Tang.