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launched a new cyber insurance facility, CyCore Asia, aimed at companies in Singapore and Hong Kong.
Underwritten by QBE Insurance Group and AXA XL, the solution is designed to address the evolving cyber security concerns of organizations by offering unique client benefits, alongside the primary insurance capacity of up to $15,000,000 or currency equivalent.
Key benefits of CyCore Asia include:
- WTW CyCore Asia wording: Built with industry expertise, CyCore Asia’s proprietary wording provides comprehensive general cyber coverage to help businesses minimize and manage risk effectively.
- Risk bursary: Paid by insurers (capped at $15,000), insureds can receive cyber risk management services provided by S-RM, a specialist cyber security consultant.
- Restore function: The option to secure continued coverage throughout the policy period, even after a…
