Cyber Insurance APAC

Cyber Risks and Rising Costs Put Hong Kong SMEs Under Pressure, QBE Survey Finds

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Cyber Threats Grow as SMEs Reduce Security Investments Hong Kong SMEs face rising cyber risks as businesses scale back security investments, according to the latest QBE Hong Kong SME Survey. The survey, conducted between November 2024 and January 2025, gathered insights from 600 business decision-makers. Cyber incidents have increased from 30% in 2024 to 33% … Read more

CyberCube Partners with Acclaim Insurance Brokers to Enhance Cyber Risk Assessment in Singapore

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CyberCube and Acclaim Insurance Brokers partner to enhance cyber risk assessment services. Acclaim, a leading independent insurance broker serving over 2,000 companies, will integrate CyberCube’s Broking Manager platform into its operations. This partnership underscores Acclaim’s commitment to delivering advanced cyber insurance solutions. CyberCube Acclaim Insurance Partner Cyber Risk The Broking Manager platform provides brokers with … Read more

Cybersecurity in APAC: Managing Lunar New Year Risks with Proactive Measures

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The Lunar New Year brings joy and celebration across Asia-Pacific (APAC) and increases cybersecurity vulnerabilities. Experts warn that cybercriminals target festive seasons, exploiting reduced staff presence, delayed responses, and distractions. Studies reveal that 86% of ransomware attacks in the US, UK, France, and Germany occurred during holidays or weekends, and APAC is no exception. According … Read more

WTW Launches CyCore Asia, Aiming to Strengthen Cyber Resilience in Singapore and Hong Kong

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Willis Towers Watson, WTW (NASDAQ: WTW), has unveiled CyCore Asia. This new cyber insurance solution is tailored for businesses in Singapore and Hong Kong. Collaborating with underwriters QBE Insurance Group and AXA XL, WTW offers primary insurance capacity of up to USD 15 million, addressing growing cybersecurity concerns. The initiative responds to findings from WTW’s … Read more

Coalition Partners with Mitsui Sumitomo Insurance to Expand Cyber Insurance in Australia

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Cyber insurance in the Asia-Pacific (APAC) region is expanding rapidly as businesses confront increasing threats from cyberattacks and data breaches. As digital transformation accelerates across industries, companies of all sizes become more vulnerable to risks like ransomware, phishing, and malware. Coalition has announced a multi-year capacity agreement with Mitsui Sumitomo Insurance Co., Ltd. (MSI), part … Read more

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