2026-11-08 · Source: InsuranceAsia News
Summary in 3 Points • Experts warn of a wave of cyberattacks in the next 18 months due to AI exploitation. • Emma Loynes highlights rising structural risk and challenges in underwriting related to AI infrastructure. • Victor Kuk notes that urbanisation and AI risks are outpacing premium growth in Asia's reinsurance market. --- Leading cyber insurance experts predict a surge in cyberattacks over the next 18 months, driven by the increasing use of artificial intelligence (AI) by criminals. Emma Loynes emphasises that structural risks are rising, particularly concerning data centre and AI infrastructure dependencies, which pose new underwriting challenges. Victor Kuk points out that while capital continues to flow into Asia's reinsurance market, the risks associated with urbanisation, AI, and climate change are growing faster than premium growth. This trend highlights the need for insurers to adapt their coverages and structures to align with the evolving risks, ensuring they capture the full value from their asset classes amidst these challenges. The rise of AI-driven cyber threats necessitates a reevaluation of underwriting practices in the cyber insurance sector, particularly regarding structural risks.
The rise of AI-driven cyber threats necessitates a reevaluation of underwriting practices in the cyber insurance sector, particularly regarding structural risks.