Cyber insurance inquiries surge at Japan's nonlife insurers

· Finance · Japan

Cyber insurance inquiries are surging at Japan's nonlife insurers, according to Nikkei Asia, as companies seek cover against digital attacks. The trend coincides with fresh cyber incidents in Europe, where supermarket freezers overheated in a new cyber attack, according to the FT's FirstFT newsletter. Rising inquiry volumes point to growing corporate demand for transferring cyber risk to insurers, a market that has been expanding globally as attacks hit operational technology and physical infrastructure, not just data.

Why it matters：Cyber risk is moving from IT budgets to insurance balance sheets, and attacks on physical infrastructure will test how insurers price and exclude such exposure.

Key points

  • Cyber insurance inquiries are surging at Japanese nonlife insurers.
  • A new cyber attack caused European supermarket freezers to overheat.
  • Demand reflects corporate appetite to transfer cyber risk.

Sources (original reporting)

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