🇰🇷 South Korea
Hyundai Marine & Fire Insurance Co., Ltd. (현대해상) (Hyundai Marine & Fire Insurance Co., Ltd. (South Korea — Hyundai Group))

Cyber Liability Insurance (사이버배상책임보험)

by Hyundai Marine & Fire Insurance Co., Ltd. (현대해상)
B2BADirect—APACKorean
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Last updated Apr 2026

Product Details§ 01

Max Insurance Limit
Bespoke (KRW).
Market Focus
Mid-market to large enterprise.
AM Best Rating
A (Excellent) – AM Best (Hyundai Marine & Fire Insurance)
MGA / Direct
No – Direct insurer.
Policy Language
Korean
NIS2 / DORA Support
Not applicable.
War Exclusion
War and nation-state cyber exclusion applied (LMA-aligned).
Geographic Scope
APAC.
Broker Only
No

Advantages & Limitations§ 02

Advantages

  • Second-largest P&C insurer in South Korea. Expanded cyber offering in response to high-profile 2024/2025 cyberattacks (SK Telecom USIM hack, YES ransomware, Lotte Card breach). Active member of Korea Fire Insurance Association "Cyber Risk Management Practitioners Meeting" (Sep 2025). Coverage: network security liability, data breach, BI, cyber extortion. Benchmarked Japan Munich Re cyber models for risk standardisation. PIPA (Personal Information Protection Act) and NIS Act compliance advisory.

Limitations

  • Domestic market focus; limited English-language materials.

Contact & Response§ 03

Customer Contact
1588-5656 / https://www.hi.co.kr/
24/7 Crisis Hotline
1588-5656 (24/7 Hyundai Marine claims line).
Broker Contact
https://www.hi.co.kr/