Cyber and Data Security Insurance
Cyber and Data Security Insurance is a cyber insurance product underwritten by QBE Insurance (International) Ltd. – Singapore Branch (QBE Insurance Group Limited (Australia)), available in Singapore. It is aimed at small and medium-sized businesses, mid-market companies and large enterprises. Coverage limits reach up to Bespoke.. Policyholders get 2 bundled proactive services — Incident response and Pre-breach advisory — designed to reduce breach risk before a claim ever happens. 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
- QBE Singapore: established commercial insurer and confirmed top Singapore cyber market participant (Mordor Intelligence 2024 market share report).
- Coverage: data breach, cyber attack response, BI loss, ransomware/extortion, PDPA notification, RC third-party, IT forensics.
- QBE surveys show 1/3 of local businesses lack incident response playbooks — QBE positions pre-breach advisory as product differentiator.
Limitations
- Singapore domestic product.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cyber and Data Security Insurance designed for?
Cyber and Data Security Insurance by QBE Insurance (International) Ltd. – Singapore Branch targets small and medium-sized businesses, mid-market companies and large enterprises in Singapore. Geographic scope: Domestic only..
+What proactive security services are included with Cyber and Data Security Insurance?
The policy bundles 2 proactive services: Incident response and Pre-breach advisory. These preventive services are typically included in the premium.
+Does Cyber and Data Security Insurance help with NIS2 or DORA compliance?
QBE Insurance (International) Ltd. – Singapore Branch indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Cyber and Data Security Insurance in Singapore?
Cyber and Data Security Insurance is sold through insurance brokers — broker contact: https://www.qbe.com/sg/. Compare it with alternatives in Singapore on Ryskly before approaching a broker.