Dwell Time In 2024, espionage incidents had an average time to detect of 403.8 days and financially motivated incidents had an average time to detect of 23.7 days.* This time to detect period is known in the cyber security industry as ‘dwell time’ and measures the period during which cyber criminals have free access to a network – from the initial intrusion to detection.

Rhodian launches fifth agency, bringing a highly tailored cyber product to market. Sydney, Australia (February 03, 2025) – Rhodian Group, an incubator and accelerator of Australian underwriting agencies backed by global distributor of specialty insurance products and services, Amwins, has announced its fifth agency to market. Sync Underwriting, a cyber specialist, brings one of Australia’s leading cyber insurance experts, Richard Smith to market as Chief Executive Officer. Sync Underwriting will enter the market with an exclusive cyber insurance product, tailored for the Australian small to mid-sized market. The Sync product has been built from the ground up, to address the changing needs Australian businesses face as the cyber landscape continues to develop in complexity and size. "I am delighted to launch Sync Underwriting to the market. Having solely worked in the Australian cyber market for the last 8 years, it has been exciting to build a cyber product that reflects the real needs of Australian businesses and the broker market. We have worked closely with our capacity providers, Tokio Marine Nichido1, to develop a unique wording that positions us with strong differentiators. This, alongside our commitment to broker service, product development and strong technical cyber knowledge, will see Sync Underwriting grow to become a leading cyber agency in the coming years." says Richard Smith, CEO. “Given the rise in demand for cyber insurance protection, it was essential that Rhodian built a cyber agency that responded to the brokers' need to present a comprehensive offering to their clients. We believe that Sync brings a strong combination of expert underwriting and qualified capacity to the market, at exactly the right time. We welcome Sync to the growing Rhodian network of agencies. It is exciting to be launching our fifth agency in just under two years." Comment from Simon Lightbody, CEO Rhodian Group. About Rhodian Rhodian is a network of underwriting agencies that creates independent opportunity and the collective capability to shape the future of the insurance industry. By selecting, incubating and supporting the next generation of agency leaders, Rhodian is combining new technologies, a shared success culture and the strongest talent to redefine Australia’s agency landscape. For more information, visit rhodian.com.au. For more information about Sync Underwriting visit syncunderwriting.com.au