Kathmandu. Asia is emerging as one of the most important growth regions for cyber insurance globally.
This is according to a new joint research report published by cyber risk analysis leader Cybercube and international insurance and reinsurance Lloyd’s broker United Insurance Brokers (UIB). The report, titled ‘Unlocking Asia’s Cyber Insurance Opportunity: The Broker’s Role in Growth’, shows that the penetration of standalone cyber insurance is structurally low at a time when digital adoption is accelerating across the Asian region.
In many markets, less than 5% of small businesses currently purchase dedicated cyber covers. This gap indicates that the demand for cyber insurance in Asia is still growing even as digital exposure increases.
The key finding of this joint research is that sustainable growth in a cyber market, which is softening with excessive capacity and pressure on rates, will not just come from a strong pricing cycle. It will come from developing markets such as Asia. It is partly run by insurance brokers who identify opportunities in the Far East.
DiMaggio Rigbi, Head of Cyber and FinPro Lines at UIB, said: “As cyber risk becomes increasingly important to business resilience, brokers are playing a critical role in helping organisations understand and build the right financial security. “We’ve seen strong demand from Asia over the past year, and the region is poised to become one of the fastest-growing markets outside the U.S. in 2026,” Rigby said. This is driven by an increase in ransomware demand in the region. —Agency
