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International

Asia Pacific presents cyber reinsurance growth opportunities

August 23, 2021 Reprints

A report by U.S.-based Fitch Ratings Inc. said that several countries in the Asia Pacific region are developing cyber security regulations to encourage corporations to improve their cyber resilience and reduce potential losses, which should create opportunities for cyber reinsurers, Reinsurance News reported. Asia Pacific accounted for 7% of all the ransomware incidents reported in 2020.

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Asia Pacific presents cyber reinsurance growth opportunities

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