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Cyber tag returned 943 results

  • As cyber threats rise, financial firms need better safeguards

    Cyber security is a threat to financial stability and regulators and supervisors must act now to strengthen the prudential framework according to a recent survey of 51 countries by International Monetary Fund (IMF).

    Asia Risk | 21 Feb 2024
  • Cyber risk predictions for 2024

    While as anticipated, fraudulent instruction incidents were down 15% for the year 2023, however, business email compromise (BEC) was up 18% year over year across industries, returning to levels seen in 2020 and 2021 according to a new report on cyber trends for 2024 by specialty insurer Beazley.

    Asia Risk | 21 Feb 2024
  • Asia: Insurers increased capacity for cyber, property

    The Asia Insurance Market Pricing: 2023 Fourth Quarter report, published by Marsh, showed that cyber insurance rates were flat, while those for property grew by 2%. The rate movements were the same as in the quarter prior.

    AIRPlus | 15 Feb 2024
  • Cyber insurance market growing dramatically

    Triple-I's latest edition of Cyber Insurance: State of the Risk said two primary factors may be at work in developing this trend. The first is the ubiquitous threat of data breaches and cyber attacks and the second is insurers have made strides in clarifying policy coverage and exclusions, improving risk managers' understanding of product value and helping insurers better manage costs and rate stability.

    Asia Risk | 14 Feb 2024
  • Australia: Businesses increasing investment in cyber defences

    There has been a significant increase in investments in cyber defences by Australian businesses to enhance their cyber security infrastructure according to a new survey.

    Asia Risk | 14 Feb 2024
  • Pacific: Property rates stay flat in 4Q2023, for first time in 26 quarters

    Composite insurance rates in the Pacific region (of which Australia is the biggest market) were flat in the fourth quarter of 2023, according to Marsh's 4Q2023 Global Insurance Market Index released earlier this week.

    Asia | 08 Feb 2024
  • India, Middle East, and Africa: Premium rates for financial and professional lines decline in 4Q2023

    Composite insurance rates in the fourth quarter of 2023 increased 4% in the IMEA region (India, Middle East, and Africa), where rates for large and complex organisations are often driven or influenced by the reinsurance market, says the world's biggest insurance broker Marsh.

    Middle East | 07 Feb 2024
  • New code of conduct for insurance market using AI

    A new code of conduct for the insurance industry for using AI has been put in place. Created by a collaborative group of 127 experts, the new initiative aims to establish and uphold "the highest standards of behaviour and ethical responsibility" when planning, designing, or utilising AI in the management and settlement of insurance claims.

    Asia Risk | 07 Feb 2024
  • As risk awareness grows, newcomers throng cyber insurance

    A new survey has revealed that while 70% of the participating organisations have a cyber insurance cover, nearly half of the group said their coverage started less than a year ago.

    Asia Risk | 07 Feb 2024
  • Asia: Composite insurance pricing in region flat in 2-4Q 2023

    Composite insurance pricing in the fourth quarter of 2023 in Asia was flat, as was the situation in the second and third quarters of 2023, according to Marsh.

    Asia | 07 Feb 2024

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