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Insurance

Sompo Japan to offer cyberattack insurance with variable premiums

Hitachi Solutions to help measure policy risk in covering IoT-exposed factories

Sompo Japan and Hitachi Solutions will measure cyber risk and reflect it in premiums for a new insurance service.

TOKYO -- Sompo Japan Insurance will next year launch a policy in which premiums vary depending on readiness for potential cyber risk by companies with factories exposed to the internet of things, or IoT, Nikkei has learned.

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