Cyber debate at Claims Conference

Chartered Insurance Institute Hong Kong regional manager, Helen Roberts, hosted a panel discussion at the Claims Conference Singapore, addressing the evolving and hazy scope of cyber and ransomware claims.

With the rapid development of digital products and services, companies in Singapore and in Asia-Pacific are facing increasing risks from cyberattacks, while traditional methods of cyber defence are becoming obsolete.

The panel discussed future trends of cyber insurance and cyber claims; cyber customer pricing; and why cyber insurance is not more central to businesses
in Singapore.

Panellists included Robert Riha of XL Catlin; Jose Touceda of FM Global; Timothée Grange, of GM Consultant; and Klaus Lejon of QBE Insurance.