Allianz Cyber Insurance – Korea
Allianz Cyber Insurance – Korea is a cyber insurance product underwritten by Allianz Global Corporate & Specialty SE – Korea Branch (Allianz SE (Germany)), available in South Korea. It is aimed at mid-market companies, large enterprises and multinational groups. Coverage limits reach up to Bespoke.. Policyholders get 1 bundled proactive service — Crisis management — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of A+ (Superior) – AM Best. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- Allianz Cyber Protect: flexible, modular standalone cyber policy; clear policy wording covering first-party and third-party risks.
- First-party: data breach response, BI loss, data recovery, cyber extortion/ransomware, crisis management, reputation management.
- Third-party: cyber liability, privacy regulatory defence and fines.
- Allianz Cyber Center of Competence (CoCC): Group-wide coordination of cyber underwriting and risk management.
- IT forensics and incident response via AGCS expert partner network.
- Allianz Commercial: present in 200+ countries and territories; €18B gross premium (2024).
Limitations
- Mid-market to large enterprise focus.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Allianz Cyber Insurance – Korea designed for?
Allianz Cyber Insurance – Korea by Allianz Global Corporate & Specialty SE – Korea Branch targets mid-market companies, large enterprises and multinational groups in South Korea. Geographic scope: Asia Pacific..
+What proactive security services are included with Allianz Cyber Insurance – Korea?
The policy bundles 1 proactive service: Crisis management. These preventive services are typically included in the premium.
+Does Allianz Cyber Insurance – Korea help with NIS2 or DORA compliance?
Allianz Global Corporate & Specialty SE – Korea Branch indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Allianz Cyber Insurance – Korea in South Korea?
Allianz Cyber Insurance – Korea is sold through insurance brokers — broker contact: https://commercial.allianz.com/global-offices/korea.html. Compare it with alternatives in South Korea on Ryskly before approaching a broker.