Cyber Insurance
Will AI copilots replace legacy insurance systems by 2026?
Will AI copilots replace legacy insurance systems by 2026?
Data shows executives trust generative AI at twice the rate of machine learning.
5 days ago
Why Indian companies increase use of insurance after cyber threats rise
Indian companies reported heavy financial losses tied to key insurable risks.
Forrester forecasts 15% growth in cyber insurance amidst AI risks
Insurers are advised to offer tools for risk mitigation and new underwriting models.
Why is cyber insurance the most in-demand coverage today?
27.4% believe cyber insurance will see the highest increase.
Insurers strengthen cyber governance as oversight shifts to CEOs
About 40% said CEO compensation is now tied to cybersecurity performance.
Cyber insurance market grows 7% to $15b in 2024
Despite softer demand and rising competition, the sector remained profitable.
Higher premiums loom under Hong Kong’s stricter cyber law
Insurers will play a more active role in clients’ pre-breach cybersecurity strategies.
APAC insurance CROs lag peers on operational risk preparedness
Cybersecurity remains the leading risk in the region, cited by 62% of APAC CROs.
Clearer cyber risk benchmarks for Australian SMEs pushed
The financial fallout from a single cyber event can be devastating.
Where is cyber insurance growing fastest across regions?
Asia/Oceania are expected to expand their market shares to 8% by 2027.
Few Singapore SMEs have cyber insurance
They seek to ward off cyber threats but not through insurance.
Cyber insurers focus on SMEs as policies cover firms under $10m
SMEs account for more than 80% of all cyber policies.
Cyber insurance premiums to hit $23b by 2026
S&P anticipates APAC to have one of the fastest growth rates.
How is APAC leading with AI to fight insurance fraud?
74% of respondents reported that fraud cases are either stable or increasing.
APAC insurers increase cybersecurity investments by 48%
Insurance premiums for cyber policies rose by 70% from 2020 to 2022.
CrowdStrike meltdown may shore up cyber insurance premiums
Insurers are refining their policies after the global tech outage to better manage risks.
Moody’s advises on cyber policy clarity post-CrowdStrike event
The extent and terms of coverage within individual policies will vary.
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