Composite insurance pricing in the Pacific region increased 5% in the fourth quarter of 2022, the same as in the prior quarter, according to the 4Q2022 "Global Insurance Market Index" report released last week by leading global insurance broker Marsh.
Insurance pricing in the fourth quarter in Asia increased by 2%, the same as in the prior quarter, according to the 4Q2022 "Global Insurance Market Index" report released yesterday by leading global insurance broker Marsh.
Healthcare reported the most cyber breaches of all sectors in 2022, overtaking finance to account for 22% of incidents, up from 16% in 2021 according to a data breach outlook report by Kroll.
Cyber incidents and the macroeconomic situation rank as the top two risks in Morocco this year, according to the latest Allianz Risk Barometer published earlier this month.
Ransomware will remain public enemy number one in terms of cyber security according to new security predictions for 2023 from cyber security company Red Access.
Business interruption and cyber incidents rank as the biggest risks in Asia Pacific this year, according to the latest Allianz Risk Barometer published yesterday.
The average cost of data breaches is expected to surpass $5m per incident in 2023 according to a new study by cyber security and data protection company Acronis.
Increasing cyber risk is sharpening the appetite for insurance coverage, especially in Asia where new legislation is likely to drive a standalone cyber market boom in 2023, says Mr Lucien Mounier - Beazley's head of Asia Pacific.
Despite the speed and complexity of cyber security and data privacy regulations, a majority of companies are still underprepared for the data protection challenges that lie ahead according to a new survey.
The Joint Financial Sector Regulators Forum (JFSRF) will look into forming a technical working group that will make recommendations to the National Treasury on how to regulate the crypto industry.