Posts Tagged ‘Herde (Thomas)’



April 2nd, 2019

Are You at Risk? Managing Affirmative and Silent Cyber Risk Accumulation

Posted at 1:00 AM ET

Skyline of Dubai at nightThe script of the global cyber insurance market is still mainly being written in the United States. Approximately 85 percent of global cyber insurance premiums of between USD 2.5 and 3.5 billion are generated in the United States. The take-up rate for this line of business in Asia is still relatively low, but the Japan market has been experiencing steady growth in the last 24 months.

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December 6th, 2018

Cyberattacks Emerge as Leading Risk in East Asia and the Pacific

Posted at 1:00 AM ET

herde_thomasCyberattacks are the leading risk to doing business across East Asia and the Pacific, according to the recent World Economic Forum (WEF) report Regional Risks for Doing Business 2018.

The WEF study surveyed about 12,500 executives across 140 countries on the five biggest risks to doing business in their respective countries over the next 10 years. In Asia Pacific, cyberattacks topped the list in Indonesia, Japan and Singapore. The prominence of cyberattacks as a concern among the region’s businesses reflects the rapid pace of digitization and the increasing sophistication of the region’s economies, the study says.

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October 28th, 2018

Are You at Risk? Managing Affirmative and Silent Cyber Risk Accumulation - GC@SIRC Commentary

Posted at 9:00 PM ET

herde_thomasThomas Herde, Head of Casualty Specialty, Asia Pacific

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  • Regardless of whether an insurer offers “affirmative” cyber cover, it will likely be exposed to “silent” cyber
  • Most insurers evaluate their silent cyber exposure by way of scenario
  • We are actively assisting our clients in managing their cyber accumulation (affirmative and silent)

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