The global cyber insurance market is expected to reach $23bn by 2025, but will require a high degree of market collaboration to maintain healthy profit margins.
The latest GlobalData report shows that 15 of the top 20 insurers reported growth in 2022 — led by Dai-ichi Life, T&D Holdings, and Hanwha Life Insurance.
AM Best's latest global reinsurance rankings saw China Re slip two places when measured by life and non-life GWP, while the Asia region's combined ratio continues to hover above 100%.