QBE’s survey finds that nearly half of Hong Kong construction firms lack cyber cover, with supply chain attacks in Hong Kong and Singapore outpacing the global average.
The new facility will provide property damage and business interruption cover for both nuclear-critical and conventional risks, from construction to operation.
Three policies have been issued to Hoger Offshore and Marine, Vedanta Sterlite Copper and Balrampur Chini Mills, indicating early uptake by industrial and shipping‑linked corporates.
The deal, subject to regulatory and other customary approvals, is structured to run at for least 10 years and aims to expand cyber risk capabilities and market growth for both the carrier and MGA.
Brokers report growing interest in cyber insurance following the introduction of the DPDP Act, as buyers reassess limits, coverage and compliance exposure.
