Cyber Insurance
Two in five businesses expect trade disruption cover to lead demand
Two in five businesses expect trade disruption cover to lead demand
The survey gathered 107 responses from industry participants.
Southeast Asia insurers risk profit hit from weak data systems
Igloo CEO says outdated infrastructure limits AI gains despite rising spending.
Cyber insurance shock could emerge every 10 to 18 years
Howden Re compared potential cyber losses to moderate catastrophe years such as 2008.
Insurers face capacity strain as $300b data centre boom grows
Total insurable values per site can reach $20b to $30b, raising aggregation concerns.
How APAC cyber gap exposes households to fraud
bolttech found 39% were already hit by digital crime across the region.
Insurers face China AI surge as report ranks disruption as top threat
Regulation change sits third with 33% citing it as a major risk driver for companies.
Will AI copilots replace legacy insurance systems by 2026?
Data shows executives trust generative AI at twice the rate of machine learning.
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.
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This comes amidst the technology significantly improving the speed, accuracy, and scale of security operations.
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