Insurance business in the low-altitude economy is expected to take off as demand grows for related services and regulations are gradually improved which facilitates growth.
Cyber attacks have more than doubled since the pandemic and while companies have historically suffered relatively modest direct losses from cyber attacks, some have experienced a much heavier toll.
Almost two-third (62%) of insurance executives recognise AI and machine learning technology as elevating underwriting quality and reducing fraud in the insurance industry.
Over eight in 10 organisations encountered one cyber security incident in a year, the Cyber Security Agency of Singapore (CSA) said in its Singapore Cybersecurity Health Report 2023.
Climate change will reduce future global income by about 19% in the next 25 years with the poorest areas and those least responsible for heating the atmosphere taking the biggest monetary hit according to a new study.
Corporate valuation can be boosted by adopting proactive climate risk management according to a new study by the University of Florida.
A recent study leveraging external and internal datasets has revealed that the protection afforded by cyber insurance may fall significantly short of the actual costs incurred during cyber incidents.
Tokio Marine Holdings has announced that the Group will develop a new "Business Architect" development programme to be provided externally starting from May 2024. It would help to expand its data scientist development programme "Data Science Hill Climb" which has been offered externally since 2020.
The insurance market must resist the urge to automatically exclude difficult cyber risks and overly focus on a small set of 'improbable' systemic threats according to global insurance broker Marsh.
Half of UK businesses have reported a cyber incident or data breach in the past 12 months according to the UK Government's Cyber Security Breaches Survey 2024.