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Member, Beacon International Group, Ltd.
Allianz Australia Insurance Ltd. has partnered with cyber managing general agent Coalition Inc. to launch an “active” cyber insurance product that combines cyber tools, digital forensics, and incident response services with insurance policies, including ransomware protection, The West Australian reported. Phuong Ly, chief general manager of commercial lines at Allianz Australia, said that cyber risk is a big threat affecting businesses in the country.