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Cyber insurance market hobbled by lack of data, experience, clarity

Risk of cyber attacks surging in Asia but few have coverage; insurers face difficulty in pricing accumulation risk and understanding gap by insured

Singapore saw its largest cyber breach last year when hackers infiltrated the database of SingHealth and the personal particulars of 1.5 million patients were compromised.


THE risk of cyber attacks against companies grows by the day.

But cyber insurance is not evolving as rapidly, hamstrung by profound questions about insurability, limited actuarial data on the financial impact of cyber attacks, and insurers' concern over the limits of...

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