by AIP Online Bureau | Jul 10, 2025 | International News, Non-Life, Reinsurance, Risk Management, Technology
The AI-driven proliferation of cyber-attacks also can increase the scale and complexity of attacks. Additionally, the ongoing challenge of ransomware, business email compromise and funds transfer fraud continues to escalate Rating agency AM Best said it is maintaining...
by AIP Online Bureau | Jan 13, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology, Workplace/Employee Benefits
While organisations in Asia race to adopt new technologies such as generative AI, a basic understanding is needed of the immediate, mid-term and long-term implications of these technologies for their cyber-resilience posture. Simply having a cyber insurance policy in...
by AIP Online Bureau | Nov 18, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology
Dani Tobler.Head Cyber Reinsurance at Swiss Re “North America dominates with 70% premium share followed by Europe (19%) and APAC (8%) according to Swiss Re data. This not only illustrates the varying cyber market maturity levels around the globe but also...
by AIP Online Bureau | Jul 24, 2024 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology
Insurers are expecting a “wave of notifications” in the coming days, and losses are likely to be seen under business interruption and dependent business interruption insuring clauses, Acrisure Re said in its bulletin. Insurers may also suffer...
by AIP Online Bureau | Jul 1, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology
Business interruption is usually the biggest cost following a cyber-attack, but businesses are able to reduce those costs with better back-up systems, such as through the use of cloud providers, the report said Cyber insurance premiums are falling globally as...
