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Despite cyber threat, world is under-insured

Outside US, almost no cover is bought despite risk, amount of data: Lloyd's boss.

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Mr Neal said globally US$4 billion in premiums is collected for cyber insurance, of which 90% is in the US. About a third of that is written by Lloyd's.

LOSSES from cyber attacks loom large for businesses and governments, but the world is under-insured against the threat, says Lloyd's of London chief executive John Neal.

"I think there are only two types of insurance that company boards discuss - directors and officers' insurance and...

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