Nat cat and cyber protection gaps a big worry

According to Tim Grafton, chief executive at Insurance Council of New Zealand and vice president at the Global Federation of Insurance Associations, cyber and natural catastrophe protection gaps are of particular concern in the country, Asia Insurance Review reported. The statement follows a report by the GFIA, which identifies the most significant global insurance protection gaps. To close these gaps, policymakers must create environments in which risks can be better managed and mitigated.