Cyber insurance market hobbled by lack of data, experience, clarity

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BTExclusive: Cyber insurance market hobbled by lack of data, experience, clarity

Singapore saw its largest cyber breach last year when hackers infiltrated the database of SingHealth and the personal particulars of 1.5 million patients were compromised.

But cyber insurance is not evolving as rapidly, hamstrung by profound questions about insurability, limited actuarial data on the financial impact of cyber attacks, and insurers' concern over the limits of

 

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