Cyber Insurance and Data Protection
Cyber Insurance and Data Protection is a cyber insurance product underwritten by MSIG Insurance (Singapore) Pte. Ltd. (MS&AD Insurance Group Holdings (Japan)), available in Singapore. It is aimed at micro-companies and sole traders, small and medium-sized businesses, mid-market companies and large enterprises. Coverage limits reach up to Bespoke.. The carrier holds an AM Best rating of A (Excellent) – AM Best. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- MSIG: established domestic Singapore insurer; wholly owned by MS&AD Insurance Group (Japan's #2 P&C conglomerate).
- Coverage: data breach, cyber attack and network interruption, BI loss, cyber extortion, RC third-party (data breach, media liability), PDPA notification costs, IT forensics, legal costs.
- Active integration of AI capabilities for threat detection and streamlined insurance application.
- MSIG: confirmed top cyber insurer in Singapore (Mordor Intelligence 2024 market leaders list).
- Focused on financial institutions and SMEs across Singapore; MAS-regulated product.
Limitations
- Singapore domestic product.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber Insurance and Data Protection designed for?
Cyber Insurance and Data Protection by MSIG Insurance (Singapore) Pte. Ltd. targets micro-companies and sole traders, small and medium-sized businesses, mid-market companies and large enterprises in Singapore. Geographic scope: Domestic only..
+Does Cyber Insurance and Data Protection help with NIS2 or DORA compliance?
MSIG Insurance (Singapore) Pte. Ltd. indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Cyber Insurance and Data Protection in Singapore?
Cyber Insurance and Data Protection is sold through insurance brokers — broker contact: https://www.msig.com.sg/commercial/. Compare it with alternatives in Singapore on Ryskly before approaching a broker.