Tokio Marine Kiln, part of global insurance group Tokio Marine, has launched its flagship cyber product in Asia.
Cyber Ctrl was developed in response to an increasing demand for comprehensive cyber coverage and prevention services, and offers businesses specialist breach preparation and threat monitoring services.
Marketed as a policy enhancement to small and medium sized enterprises, middle market and personal lines clients, the product is being aimed insurers across Asia.
The enhancement will be reinsured by TMK through its office in Singapore.
“TMK has been writing cyber risks since 2003 and we are thrilled to be bringing together our experience and expertise to address an exposure our clients are worried about here in Asia,” said Alex Dugand, Regional Managing Director of TMK Asia.
“The product will be underpinned in no small part by our market leading, locally based and empowered claims team. TMK has paid out more than $100m in cyber claims.
“Arrangements like this demonstrate our ability to meet the changing needs of clients in a bustling and growing market in which we see considerable opportunity.”
