Over the past 25 years since the establishment of Allianz Reinsurance in Asia Pacific, the reinsurer has ...
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...
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...
Article / 3 months ago
Global: Swiss Re appoints new head cyber Asia, senior cyber underwriter
Swiss Re has appointed: • Mr Giv Kahrom as head cyber Asia • Mr Alex Stubbs as senior cyber underwriter...
Swiss Re has appointed: • Mr Giv Kahrom as head cyber Asia • Mr Alex Stubbs as senior cyber underwriter...
Article / 3 months ago
Cyber attacks a major risk for almost three quarters of Australian small businesses
Cyber security is a substantial concern for 71% of Australian small businesses. They consider it among their most significant risks according to cyber protection...
Cyber security is a substantial concern for 71% of Australian small businesses. They consider it among their most significant risks according to cyber protection...
Article / 3 months ago
Australia: Several factors could restrict BI cover of businesses hit by Optus outage
The outage involving telecommunications company Optus' services on 8 November 2023 led to widespread disruption to Australian businesses who...
The outage involving telecommunications company Optus' services on 8 November 2023 led to widespread disruption to Australian businesses who...
Article / 5 months ago
Australia: APRA says it is losing patience over slow pace of response to cyber threats
Many insurers, banks, and superannuation trustees are still struggling to meet minimum information security requirements, APRA member Therese...
Many insurers, banks, and superannuation trustees are still struggling to meet minimum information security requirements, APRA member Therese...
Article / 8 months ago
New Zealand: Australian cyber underwriting agency establishes base in Auckland
Sydney-headquartered Emergence Insurance, an underwriting agency specialising in cyber insurance, has established a company in Auckland in New Zealand....
Sydney-headquartered Emergence Insurance, an underwriting agency specialising in cyber insurance, has established a company in Auckland in New Zealand....
Article / 11 months ago
Asia: 4Q2022 composite insurance pricing rises slowly but cyber insurance premiums soar
Insurance pricing in the fourth quarter in Asia increased by 2%, the same as in the prior quarter, according to the 4Q2022 "Global Insurance Market Index" report...
Insurance pricing in the fourth quarter in Asia increased by 2%, the same as in the prior quarter, according to the 4Q2022 "Global Insurance Market Index" report...
Article / 1 year ago
India: Regulator orders halt to publishing of "minimum rates" in fire reinsurance treaties
The IRDAI has written to property insurers and reinsurers asking them to stop including the burning costs rate published by the Insurance Information Bureau...
The IRDAI has written to property insurers and reinsurers asking them to stop including the burning costs rate published by the Insurance Information Bureau...
Article / 1 year ago
Cyber attacks: Indian healthcare is the second most targeted globally
While COVID-19 spurred rapid digitalisation, especially in the healthcare industry, the industry also witnessed an almost equal surge in cyber...
While COVID-19 spurred rapid digitalisation, especially in the healthcare industry, the industry also witnessed an almost equal surge in cyber...
Article / 1 year ago
South Korea: Non-life insurers offer comprehensive cyber cover
Several non-life insurers in South Korea have recently started to offer comprehensive cyber insurance products that protect policyholders against...
Several non-life insurers in South Korea have recently started to offer comprehensive cyber insurance products that protect policyholders against...
Article / 2 years ago