Cyber

Australia saw 'significant improvement' in market competition in 1H 2024: Marsh

August 29 2024

Sector has experienced its most significant market shift since 2017, marked by increased insurer choice and improved conditions for buyers, broker said.

zurich-malaysia-and-gxbank-agree-10-year-bancassurance-partnership

Zurich Malaysia and GXBank launch embedded cyber insurance solution

August 28 2024

Insurer and digital bank strengthen bancassurance partnership, providing GXBank's customers with up to MYR20k (US$4.6k) coverage for unauthorised electronic transactions.

apra-outlines-plan-to-close-australias-household-insurance-protection-gap

APRA outlines plan to help close Australia’s household insurance protection gap

August 28 2024

In its 2024-2025 corporate plan, the regulator emphasises the need for collaboration to improve affordability and strengthen the insurance industry’s resilience.

Hard reinsurance market to remain for ‘at least’ two more years: AM Best

August 27 2024

AM Best forecasts reinsurance hard market will persist due to climate risk, higher interest rates, and increased risk complexity.

howden-estimates-insurance-losses-for-crowdstrike-cyber-event-at-up-to-us1bn

Howden estimates up to US$1bn in insurance losses for CrowdStrike global IT outage event

August 23 2024

Insurance losses triple previous record NotPetya event, but segment is still on track to achieve a sub-100% combined ratio in 2024.

High loss multiples highlight investor’s ‘persistent’ cyber cat bond uncertainty

August 22 2024

Loss multiples on cyber cat ILS are as much as three times higher than those found in similar nat cat linked securities.

igloo-looking-to-parametric-and-personal-cyber-to-fuel-southeast-asia-insurance-growth

Igloo looks to innovative solutions like parametric and personal cyber to fuel Southeast Asia insurance growth

August 16 2024

The insurtech is betting on technology to upend markets in the region.

CrowdStrike outage a chance for cyber insurance sector to ‘show its worth’

August 6 2024

The global IT failure was the result of a hamfisted software update which shows that cyber risk is more than just 'a guy in a hoodie’, says Emergence CEO Troy Filipcevic.