The initiative seeks to strengthen regional access to cyber reinsurance by connecting APAC cedants with global capacity through a flexible, scalable framework.
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%.
