The exercise aims to help insurers further strengthen cyber risk management frameworks and keep pace with increasingly severe and sophisticated cyber threats.
Amid rising medical inflation in the region, the insurer and its insurtech venture have developed a model to standardise claims data, with the approach rolled out across six Asian markets.
International reinsurers are expected to absorb over 93% of the proposed programme's THB75bn (US$2.27bn) exposure, with domestic carriers retaining only a small portion of the risk.
