Violent demonstrations in Kathmandu caused extensive damage to businesses and institutions, with reinsurance, primarily through Nepal Re, expected to cover the majority of industry losses.
Although North America and Europe dominate the cyber insurance market, Swiss Re noted that there is significant potential for future growth in the Asia Pacific Region.
Insurers stand to use enhanced data visibility and AI to better assess tariff, compliance and trade disruption risks, transforming how political-driven risk is managed.
