Generative AI holds immense potential for the insurance industry.

Ransomware is reshaping cyber insurance in APAC. With cybercrime losses projected to reach $13.82 trillion by 2028, insurers face rising claims, stricter underwriting, and higher premiums. In Singapore alone, scams cost S$385.6M in H1 2024, highlighting the urgency. This article explores ransomware’s evolution, its impact on cyber insurance, and how insurers can adapt—from tighter policies to AI-driven underwriting. Stay ahead of the curve and seize new opportunities in this rapidly evolving landscape.

Generative AI holds immense potential for the insurance industry.

The marine insurance industry is undergoing significant changes driven by shifts in global economics, technological advancements, and evolving trade patterns. Insurers, particularly those focusing on cargo and liabilities, need to stay ahead of these trends to manage risks effectively and leverage new opportunities. Here are the key trends shaping the future of marine insurance, supported by real-world use cases.