An Insurance Business Magazine article.
Technology is fast-paced and ever-changing, and cyber insurance has evolved over the years to keep up with changes in the digital environment and address the risks that come with them.
Jono Soo, the head of cyber specialty at Marsh New Zealand, said he’s seen the cyber insurance market in New Zealand expand over the past two to three years. But as cyber exposures continue to evolve, and the frequency and severity of cyber losses climbs, Soo said he’s also seeing more caution and conservatism in the market.
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