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June 3, 2022

JA Assure and Chubb partner to offer cyber insurance to SMEs

Singapore-based insurtech firm JA Assure and industry major Chubb have announced the launch of a cyber insurance platform, called Haxsafe.

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Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
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by GlobalData
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The new offering, which is aimed at SMEs, is currently available in Hong Kong SAR, Singapore and Malaysia. 

The Haxsafe platform is equipped with ‘instant’ quote and policy issuance capabilities. 

The cyber insurance cover offered on Haxsafe is underwritten by Chubb and is designed to provide pre-loss risk mitigation and incident response services.

The mitigation services provide access to a password management tool and spam tests. 

In an event of a cyberattack, customers will be able to access the Chubb Incident Response Platform, which is designed to help contain the threat and limit damages. 

Chubb head of property & casualty Asia Pacific Grant Cairns said: “Our data shows that SMEs, like large organisations, are vulnerable to cyber attacks, despite the popular belief that SMEs are too small to be of interest to threat actors. 

“I am pleased that we are now able to bring Chubb’s cyber risk management solution closer to SMEs, underscoring our commitment to better serve the small commercial segment.”

JA Assure CEO Japhire Gopi said: “Haxsafe will be a gamechanger for SMEs as it simplifies the insurance buying process for small business owners who simply do not have the time and resources to go through lengthy insurance purchase processes. We are in the business of innovation and I am excited to make insurance more accessible to those who need it.”

Last month, Hippo-backed First Connect Insurance Services joined forces with Blink by Chubb to offer cyber insurance protection. 

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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