The digital insurance services will be rolled out gradually in Iraq, Bahrain, Saudi Arabia and Jordan.
The deal covers around €140m ($163.04m) of reserves as of 31 December 2024.
The financial targets also involve expanding the use of AI to support productivity and decision-making.
Over 25% of SMEs select “I was advised by a broker” as the reason for purchasing cyber insurance, according to a GlobalData survey.
This move follows the Japanese company’s agreements with the Berkley Family, which includes a company and trusts owned by Berkley family members.
