(Re)insurers need to combine their strengths, use better data, and shift beyond traditional protection roles to focus on anticipating and preventing risks, says Swiss Re’s Victor Kuk.
QBE survey highlights that human error remains the main cause of cyber incidents across Australia and New Zealand, with younger workers exhibiting the poorest cyber hygiene.
Property and casualty insurance rates in the region fell 5% and 3% respectively, according to Marsh data, with financial and professional lines recording the steepest drop at 8%.
