cyber insurance trends

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

Cyber Insurance Market, Size, Set For Growth

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The global cyber insurance market growth is projected to rise from $16.66 billion in 2023 to $84.62 billion by 2030 according to the IMARC Group. The increasing number of cyberattacks and the need to protect critical assets are some of the key factors driving the growth of the market. The market is segmented by type, … Read more

Consortium of Leading Cyber Insurance Carriers Creates New Company to Coordinate on Cyber Market

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The companies are: AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual Insurance and Travelers. The mission of newco CyberAcuView is:  “to (1) help the insurance industry provide better value and service for policyholders in their cyber risk mitigation; (2) provide leadership in addressing cybercrime and increasing resilience to cyber risk; and (3) help ensure a … Read more

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