Continuum, a specialist risk advisory firm focussed on emerging industries, has announced a strategic partnership with Freed Capital Group, a licensed insurance broker in Hong Kong. As part of the partnership, Freed Capital has also made a strategic investment in Continuum.
In New Zealand, HDI Global has promoted Mr Richard Upton to the role of Branch Manager and Head of Financial Lines.
Just 50% of organisations in Asia feel confident in their cyber risk management and mitigation efforts, a level which is significantly below the global average of 72% and the lowest globally, according to a study by the world's biggest insurance broker Marsh.
The global reinsurance market is continuing to soften, with noticeable rate reductions seen in key 1 April renewal regions across Asia and India, according to a recent report by Guy Carpenter, a Marsh McLennan business and leading global risk and reinsurance specialist.
Cyber incidents are becoming more frequent, sophisticated and costly, with median annual losses increasing fifteen-fold over the past 15 years, at a time when geopolitical tensions are intensifying and digital interdependence deepens.
Global cybercrime is seen hitting $14tn by 2028, according to a report by Munich Re. The reinsurer said the projection reflects cybercrime evolving into a systemic risk, capable of disrupting businesses, critical infrastructure and entire economies rather than just individual organisations.
The Thai insurance regulator, the Office of Insurance Commission (OIC), has asked Google to help formulate guidelines to prevent and suppress insurance-related offences in the form of fake applications or offerings of unlicensed foreign insurance companies that are operators not supervised by the Commission.
Leading finance and insurance government agencies in the Philippines have teamed up to strengthen cybersecurity in the insurance industry.
The Asia-Pacific market has become the fastest-growing target for ransomware groups in the world, with cybercrime surging sharply in the region in 2025.
As the evolution of artificial intelligence technology has made a generational leap from "dialogue generation" to "autonomous action", some insurance institutions have begun to explore implementing AI-powered agent systems similar to OpenClaw, to improve efficiency and service capabilities through "digital employees".