SMEs are increasingly relying on digital operations, yet declining cyber risk awareness and reduced insurance uptake could leave them vulnerable to emerging threats.
Guy Carpenter report shows APAC now accounts for about 10% of global cyber premiums, but warns region could face disproportionate losses in a catastrophic event.
Allianz Singapore's ratings affirmed, with expectations of continued market growth despite the recent halt of the group's US$1.6bn acquisition of a stake in Income Insurance.
