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International

Japanese insurers expand coverage of cyber

January 27, 2017 Reprints

Major non-life insurers in Japan are now expanding their cyber related policies to include internet of things devices such as surveillance cameras and factory control systems as the risks of cyber attacks grow, reports Nikkei Asian Review.
Insurers like Sompo Japan Nipponkoa Insurance Inc. will start compensating the firms from February for operations halted by cyber attacks and is also likely to increase limits from 100 million Japanese yen ($0.883 million) to approximately JPY 300 million for small to midsize entities.

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Japanese insurers expand coverage of cyber

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