Cyber

IRDAI moves to overhaul fraud oversight following insurer data breaches

October 28 2024

Indian regulator takes action following high profile customer data loss at Star Health Insurance and Allied Insurance.

Pacific financial lines rates drop 14% in Q3 - Marsh

October 25 2024

Region sees the largest global decrease in financial lines and property rates, at 17% and 6% respectively.

pacific-property-rates-see-biggest-fall-globally-in-second-marsh

Asia commercial insurance rates down 4% in third quarter - Marsh

October 25 2024

Composite rates have fallen in every quarter of 2024 so far, according to data from the broker.

AXA XL expands cyber coverage to include Gen AI risks

October 22 2024

Firm offers expanded policy as potential risks posed by Gen AI rack up, with the EU taking the lead in attempt to regulate the new technology.

IRDAI ‘closely monitoring’ insurer cyber data breaches

October 21 2024

Star Health and at least one other insurer have been subject to cyber attacks resulting in stolen policyholder information.

Mitsui Sumitomo Insurance enters Australian cyber market through multi-year capacity deal with Coalition

October 17 2024

Building on their collaboration in Japan, MSI will provide capacity to cyber MGA, Coalition, which launched in Australia in late 2023.

Fitch: Asia reinsurance pricing is stable on adequate capacity

October 16 2024

There is potential for growth in the cyber insurance and ILS markets in the Asia Pac region according to the ratings agency.

Jess Millen joins Coalition as Business Development Manager for QLD

October 15 2024

Millen joins the MGA from Emergence Insurance.

Lower cyber loss severity in Asia, but region seeing a noticeable uptick in incidents: Allianz

October 11 2024

Asian firms face rising cyber threats despite lower loss severity, as Allianz warns of increasing incidents and evolving regulatory landscape.

HK Insurance Authority warns of rising cyber threat

October 8 2024

Cyber insurance penetration in Hong Kong is half the level of Singapore as a percentage of GDP.

regulations-a-key-catalyst-for-rapid-expansion-of-apac-cyber-market-gallagher-re

Regulations among key catalysts for continued growth momentum of APAC cyber insurance: Gallagher Re

October 4 2024

Low penetration rates, evolving risks, regulatory environment, and digitalisation means cyber should continue to grow swiftly in the region.

OneDegree Group reports first operating profit in Q3 2024

October 2 2024

The insurtech attributes achievement to its tech-first approach and positive performance of flagship offerings, such as digital assets protection and pet insurance.

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25 September