Cyber Insurance
Mitsui Sumitomo Insurance, Coalition expand cyber insurance in Australia
Coalition has brought its Active Insurance model to over 1,400 policyholders.
Mitsui Sumitomo Insurance, Coalition expand cyber insurance in Australia
Coalition has brought its Active Insurance model to over 1,400 policyholders.
Cyber risks loom as telcos lack comprehensive insurance coverage: WTW
About half of the industry identified cybersecurity as a top threat.
Large cyber claims jump 14% as privacy breaches worsen in 2024
Costs could skyrocket from €20,000 to €20m if left unchecked.
New Beazley Quantum targets corporations with over $1b turnover
This initiative injects $100m in fresh capacity into the cyber insurance market.
Cyber resilience lagging despite budget increases
The average cost of a data breach across respondents stands at $3.3m.
Cyber scams prompt behaviour change in 61% of users
Chubb says insurance can play a key role in digital payments.
Australia leads APAC in cyber insurance uptake
Demand for cyber insurance in the region is growing at nearly 50% annually.
Why are few companies opting for AI-specific insurance?
Ransomware and phishing now worry 35% of executives.
Cyber insurance demand rises in APAC's emerging markets
APAC cyber insurance market is growing at nearly 50% annually.
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.
How much do Singapore’s executives care about cyber insurance?
The rise of AI presents opportunities for both businesses and cybercriminals.
Zurich Resilience Solutions Appoints former CSIS officer to cyber role
The role was recently created to boost the companies’ risk services.
Asia's cyber insurance market set to triple by 2025
Cost of cybercrime is projected to increase to nearly $24t by 2027.
SMBs boost cyber insurance uptake amid rising threats
67% of ransomware attacks in Q4 2023 affected SMBs with less than 1,000 employees.
A quarter of businesses with standalone cyber insurance act quicker
About 37% of enterprise respondents secured $100m or more in coverage.
Extortion cyber attacks rank financial services as 4th most targeted
Australia and New Zealand more vulnerable compared to firms in Europe or North America.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
