The Source for Cyber Insurance News, Insights and Data
Investment Strengthens Global Cyber Insurance Reach Coalition, a cyber insurance provider, announced a $30 million equity investment from Mitsui Sumitomo Insurance Co., Ltd. (MSI), a part of MS&AD Insurance Group. This investment expands their strategic partnership. It aims to increase the global availability of Coalition’s Active Insurance model for companies seeking to reduce digital risk. … Read more
In a region where data flows faster than the monsoon rains and cybercriminals lurk like digital pirates, the Asia-Pacific cyber insurance market is in a race to catch up. The game is on, and with cyber-attacks surging by nearly 50% annually, APAC is poised to secure its slice of the global cyber insurance pie. According … Read more
The Asia-Pacific (APAC) region faces a significant surge in cybercrime, driven by rapid digitalization and the widespread adoption of new technologies such as cloud computing, blockchain, and the Internet of Things (IoT). According to Statista research, the global cost of cybercrime is currently estimated at over seven trillion U.S. dollars and is expected to increase … Read more
A few days ago we reported this, Cyber Insurance Market Soars. The piece noted, “Approximately 50%, of the Asia-Pacific (APAC) region is poised to witness the most rapid [cyber insurance] expansion in the years to come.” On the back of that news, this report, Canopius expands APAC team Canopius, a specialist insurance underwriter, has announced … Read more