The new policy triggers financial relief when a set number of people are affected by extreme weather, and follows the rollout of a similar impact-based policy in Lao PDR in 2025.
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.
Alex Kühnast, the new CRO, joined the insurer in 2024, while Ben Lovelock, now the CPMO, has been with the firm since 2023; each previously held the other's role before the transition.
Brokers report growing interest in cyber insurance following the introduction of the DPDP Act, as buyers reassess limits, coverage and compliance exposure.
