A majority (76%) of IT and cyber security leaders have invested in cyber defences to qualify for cyber insurance according to a new global survey by Sophos, the cyber security solutions company.
Steadfast Group (Steadfast) has appointed Mr Nick Cook as executive general manager - Australasian networks, broker and insurer services; Mr Mark Senkevics as executive general manager - underwriting agencies, alternative risk transfer (ART), reinsurance and life, effective 1 July 2024 and Ms Meagan Jeffery as executive general manager - technology & information, effective 8 July 2024.
Korea's insurance market has seen a lot of growth and innovation over the past few years, but there is still work to be done to improve the underlying health of the industry. Munich Re's Messrs Roland Eckl and Michael Hauer elaborate.
Global Insurance Law Connect's Risk Radar 2024 identified cyber security and Nat CAT linked to climate change and cyber security as challenges facing insurers in India this year.
Emergence Insurance has appointed Ms Katrina Hickson as head of distribution, a newly created role. In her new role, she will lead the business development team, oversee the national accounts strategy, foster key partnerships and expand the cyber insurance specialist underwriting agency's market presence across Australia and New Zealand.
WTW has appointed Mr Conor Keating as regional cyber growth leader.
Kairos has appointed Mr Andre Siregar as CTO. In his new role, he will work closely with Mr Albret Lim, managing director SEA and Mr Stephen Lee, managing director, banking solutions.
The insurance industry in Qatar is urged to address the changes that have taken place in the sector since the 2022 World Cup.
The 17th-annual data breach investigations report (DBIR) by Verizon has found that ransomware and the meteoric rise of extortion techniques accounted for a third (32%) of all breaches in last one year.
Insurance rates in the Pacific region declined by 2% in the first quarter of 2024, according to the "Global Insurance Market Index" published by Marsh.