Captive insurers increasingly focus on cyber risks: Marsh
Posted On: Jun. 3, 2019 5:54 AM CST
A report by U.S.-based Marsh and McLennan Cos Inc. found that the number of captive insurers worldwide writing cyber liability coverage increased 95% in 2018, Asia Insurance Review reported. Emerging technologies such as blockchain and mobile applications have helped captive insurers' parent companies to cover new risks, offer insurance to suppliers and reduce operating expenses, the report added.