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%.
The industry body says procedural reform and consistent national rules are needed to tackle rising legal costs and restore public liability market stability.
Zurich Insurance Group, the Cyber Threat Alliance, and the CyberGreen Institute proposed six national-level cybersecurity metrics to help governments measure and strengthen resilience.
