Employee benefits insurtech Onsurity has introduced its first non-health product, a bespoke Cyber Insurance product aimed at safeguarding Indian SMEs from cyber risks.
The global cyber insurance market is expected to reach $23bn by 2025, but will require a high degree of market collaboration to maintain healthy profit margins.
APRA’s 2023-24 Corporate Plan sets forth strategies to bolster the continuity of financial services amid rising threats, with cyber-attacks and climate-related financial risks both key concern.
A new report from McKell Institute, in partnership with NRMA, highlights potential risks for microbusinesses, but potential opportunities for insurers.