Cyber Insurance
CrowdStrike meltdown may shore up cyber insurance premiums
Insurers are refining their policies after the global tech outage to better manage risks.
CrowdStrike meltdown may shore up cyber insurance premiums
Insurers are refining their policies after the global tech outage to better manage risks.
Cyber insurance market set to reach $121b by 2032
APAC is expected to experience significant growth due to rising ransom attacks.
Guy Carpenter estimates CrowdStrike outage loss ~$1b
A malicious attack on a widely used operating system could birth $2b in losses.
Howden Re boosts cyber reinsurance with new appointment
The company forecasts the cyber insurance market to reach $40b by 2030.
Cyber insurance can ‘avoid severe financial setbacks’ like CrowdStrike incident
A WTW director shares long-term solutions to incidents like CrowdStrike.
Moody’s advises on cyber policy clarity post-CrowdStrike event
The extent and terms of coverage within individual policies will vary.
CrowdStrike incident unlikely to impact global insurer finances
Industries requiring 24/7 availability will be more affected, especially in APAC.
Re/insurers reevaluate policies after CrowdStrike system crash
Aon sees an opportunity to improve the granularity of policy information.
QBE Insurance unveils global cyber policy for broader protection
The coverage will be offered in five APAC markets.
Hong Kong’s cyber incidents call for robust protection
Last year alone 7,752 security incidents were recorded.
Insurance sector sees 25% decline in cyber attacks in Q2 2024
Across all industries, the region experienced a 23% rise in attacks.
Insurance software market to climb 7.8% CAGR by 2028
Australia’s heightened rules pose challenges to insurer requirements.
Expert debunks misconceptions impacting cyber insurance investment
A Forrester report found that only a quarter of firms possess standalone policies.
Business email compromise is often overlooked cyber threat: Guy Carpenter
The past five years saw 550 email compromises, affecting clients.
Cyber insurance costs drop amidst improved cyber hygiene
Global cyber insurance to hit $43b by 2030, Howden projects.
Marsh India reports surge in cyber incidents in 2023
The mean cost to recover from ransomware attacks was estimated at $1.82m.
Singapore leads in cyber insurance with 96% adoption rate
About 76% of businesses reinforced cyber defences to qualify for insurance.
Thought Leadership Centre
Resource Center
Read Here
Advertise
Sign Up
Event News
Event News
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.
