Delta Insurance launches new cyber insurance and security package
Insurance Business America | April 08, 2019
Specialist insurer Delta Insurance has launched a cyber-protection and insurance product for businesses and their employees and customers across the Asia-Pacific region, in partnership with global cybersecurity firm DynaRisk. The new product will be managed and marketed from Delta Insurance’s New Zealand and Singapore offices. The package is intended initially for businesses but is also suitable to their customers, their employees or their family members. Organisations that take the package will receive a cybersecurity scorecard which outlines how well-protected (or not) they are, a step-by-step continuous action plan to tighten security and monitoring of multiple devices, and a personal dashboard which includes alerts in case of cyber threats. According to Delta Insurance group managing director Ian Pollard (pictured), the cyber risk product is a first for the Asia-Pacific region. He cited a 2018 report by McAfee which said that one-third of all global cyber-breaches occurred in East Asia and the Pacific Region – amounting to US$200 billion in loss, while a 2016 report revealed almost 90% of Asia-Pacific companies experienced some form of cyberattack that year.