Insurance rates in the Pacific region declined 8% in the first quarter of 2025, revealed Marsh's Global Insurance Market Index.
To help financial firms prevent fraud attempts on their companies and customers, US-headquartered FS-ISAC, which advances cyber security and resilience in the global financial system, has published "Leveling Up: A Cyber Fraud Prevention Framework for Financial Services".
Composite insurance rates in the first quarter of 2025 decreased by 4% in the India, Middle East and Africa (IMEA) region, where rates for large and complex organisations are often driven or influenced by the reinsurance market, according to the 'Global Insurance Market Index' report published by the world's biggest insurance broking group Marsh.
Composite insurance rates in Asia fell 3%, on average, in the first quarter of 2025 due to competition, according to the Global Insurance Market Index released by Marsh.
The Minister of Economy and Finance, Ms Nadia Fettah, has announced the insurance industry was developing an insurance offering against cyber risks.
The National Anti-Scam Centre's latest Targeting Scams Report found scam losses reported to organisations fell by 25.9% to $2bn in 2024, showing the efforts by government, industry, law enforcement and community organisations are reducing the financial impact of scams on Australians.
Asia and Oceania are expected to increase their share of global cyber premiums to 8% by 2027 from 6.8% in 2024, according to a new report by global reinsurer Munich Re.
InsurTechs could ensure the security of sensitive policyholder data on their digital platforms by starting with end-to-end encryption, locking down data both at rest and in transit using industry-leading encryption, according to eSanad Insurance CEO Mr Anas Mistareehi.
Machine identity-related security incidents are on the rise, as the volume and complexity of machine identities continue to multiply, according to a report by cyber and identity security firm CyberArk.
Standard Chartered Bank Singapore has become the first bank in Singapore to offer complimentary digital scam protection insurance to its clients.