A new framework designed to transform the cyber reinsurance landscape in the Asia Pacific (APAC) region has been launched by global reinsurance brokerage and risk management firm Gallagher Re. The new initiative aims to align the growing demand for cyber reinsurance in APAC with global capacity, offering a flexible and comprehensive solution to meet the region's unique needs.
With the theme 'Unlocking Reinsurance', and titled 'Opportunities in a Changing Climate: Building Catastrophe Resilience in Thailand', the Thailand Reinsurance Conference 2025 opened with welcome remarks from Thai General Insurance Association president Somporn Suebthawilkul.
The Insurance Regulatory Authority (IRA) has published draft amendments, introducing insurance coverage for risks associated with cryptocurrency holdings. Under the proposed rules, the IRA is classifying "digital asset insurance" as a new subcategory of business.
The Financial Regulatory Authority (FRA) has issued a resolution that requires companies and entities engaged in non-banking financial activities to obtain cyber insurance, particularly if they operate a digital platform or electronic applications.
Insurers may see greater demand for cyber insurance coverage as AI-driven mobile attacks rise. According to the Verizon 2025 Mobile Security Index (MSI), 85% of organisations reported an increase in mobile attacks, as more employees use generative AI (genAI) tools for work.
Tokio Marine Kiln (TMK), a leading specialist insurer, has launched Enterprise Ctrl, a comprehensive enterprise errors and omissions (E&O) insurance solution that enhances the recently launched TMK Cyber Ctrl+ suite.
The Indian insurance regulator IRDAI has urged all entities under its oversight to promote cyber security awareness in both the public and private sectors.
Manufacturing executives in the Asia Pacific region are the third most concerned about cyber risk (29%) compared to other industries, only behind financial/professional services (33%) and energy and utilities (40%), a new survey by specialist insurer Beazley reveals.
China's cyber insurance market is evolving from a supplementary safeguard in digital security to a key pillar in the nation's strategic framework for data protection.
Singtel, in partnership with Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority (IMDA) has launched the Singtel Cyber Protect Programme, a strategic public-private collaboration to bolster the cyber resilience of Singapore's small and medium-sized enterprises (SMEs).