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%.
Reinsurer said it will focus on working with existing clients and regulators to redesign products "that respond to changing societal needs and give consumers more certainty."
