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.
US$730m has been pledged so far—only a quarter of Vietnam's Typhoon Yagi damage—and early projects could determine whether the fund attracts additional financing.
With six of the ten largest life insurers globally, Asia offers reinsurers the chance to strike new asset intensive reinsurance deals before the pipeline in mature markets starts to dry-up.
