AIG — Singapore cyber exclusions

CyberEdge

Wording effective from 2026-01-01.

1. Betterment: costs of updating, upgrading, enhancing or replacing a Company Computer System to a level beyond that which existed prior to the occurrence of an Insured Event; costs of removing software program errors or vulnerabilities.
2. Bodily Injury and Property Damage: physical injury, mental illness, sickness, disease or death; loss, damage or destruction of tangible property (subject to carve-outs where Bricking Recovery Expenses Cover is Purchased).
3. Government Entity or Public Authority: seizure, confiscation or nationalisation of a Company Computer System by order of any government entity or public authority.
4. Infrastructure: electrical or mechanical failure of infrastructure not under the control of a Company, including any electrical power interruption, surge, brownout or blackout, failure of telephone lines, data transmission lines, or other telecommunications or networking infrastructure (subject to carve-out for Loss caused solely by a Security Failure or Breach of Confidential Information).
5. Internal/Staff Costs: costs of payroll, fees, benefits, overheads or internal charges of any kind incurred by a Company.
6. Patent/Trade Secret: infringement of patents; loss of rights to secure registration of patents; misappropriation of trade secrets by or for the benefit of a Company.
7. War and Terrorism: war (whether war is declared or not), terrorism (except Cyber Terrorism), invasion, use of military force, civil war, popular or military rising, rebellion or revolution, or any action taken to hinder or defend against any of these events.
8. Business Conditions (Network Interruption): loss of earnings, or costs or expenses, attributable to unfavourable business conditions.
9. Liability (Network Interruption): written demand, civil, administrative or arbitral proceedings made by any Third Parties seeking any legal remedy; penalties paid to Third Parties.
10. Trading Losses (Network Interruption): trading losses, liabilities or changes in trading account value.
11. Anti-Trust (Security and Privacy Liability): any actual or alleged antitrust violation, restraint of trade, unfair competition or unfair or deceptive business practices, including violation of any consumer protection law (subject to carve-out for Regulatory Investigation directly in connection with a Security Failure or Breach of Confidential Information).
12. Assumed Liability, Guarantee, Warranty (Security and Privacy Liability): any guarantee, warranty, contractual term or liability assumed or accepted by an Insured under any contract or agreement except to the extent such liability would have attached in the absence of such contract (subject to carve-outs for contractual obligations to prevent Security Failure or Breach of Confidential Information, written confidentiality agreements, and PCI DSS obligations).
13. Employment Practices Liability (Security and Privacy Liability): any of a Company's employment practices including wrongful dismissal, discharge or termination, discrimination, harassment, retaliation or other employment-related claim (subject to carve-outs for Breach of Confidential Information in connection with employment or failure to disclose a Security Failure or Breach of Confidential Information).
14. Insured v Insured (Security and Privacy Liability): any Claim brought by or on behalf of an Insured against another Insured (subject to carve-out for actual or alleged unauthorised access to or unauthorised disclosure of Personal Information of any Employee, director, principal, partner or officer).
15. Securities Claims (Security and Privacy Liability): actual or alleged violation of any law relating to ownership, purchase, sale or offer of securities; violation of the Securities Act of 1933, the Securities Exchange Act of 1934 or any similar law (subject to carve-out for Damages or Defence Costs solely alleging failure to notify a Regulator of a Breach of Confidential Information).
16. Anti-terrorism legislation (Cyber Extortion): Loss to the extent that provision of such payment would expose the Insurer, its parent company or its ultimate controlling entity to any applicable anti-terrorism legislation or regulation under United Nations resolutions, and laws or regulations of the European Union, or the United States of America or the United Kingdom or any equivalent law or regulation in any jurisdiction.
17. Anti-Trust (Digital Media Content Liability): any actual or alleged antitrust violation, restraint of trade, unfair competition or unfair or deceptive business practices, including violation of any consumer protection law.
18. Assumed Liability, Guarantee, Warranty (Digital Media Content Liability): any guarantee or express warranty made by an Insured; any contractual liability or other obligation assumed or accepted by an Insured.
19. Employment Practices Liability (Digital Media Content Liability): any of a Company's employment practices including wrongful dismissal, discharge or termination, discrimination, harassment, retaliation or other employment-related claim.
20. Financial Data (Digital Media Content Liability): misleading, deceptive or fraudulent financial data; errors made in any financial data that the Company publicises.
21. Goods, Products or Services (Digital Media Content Liability): false advertising or misrepresentation in advertising; failure of goods, products or services to conform with advertised quality or performance; infringement of trademark by goods, products or services displayed in Digital Media.
22. Government/Regulatory Action (Digital Media Content Liability): government, regulatory, licensing or commission action or investigation; Claims brought by or on behalf of music licensing organisations, the Federal Trade Commission, Department of Health and Human Services, Federal Communications Commission, or any other government agency or office.
23. Infrastructure (Digital Media Content Liability): mechanical failure; electrical failure; telecommunications failure.
24. Insured v Insured (Digital Media Content Liability): any Claim brought by or on behalf of an Insured against another Insured except a Claim by an Insured which directly results from another Claim by a Third Party first made during the Policy Period.
25. Intentional Infringement of Intellectual Property (Digital Media Content Liability): any intentional infringement of Intellectual Property.
26. Internal Messaging Services (Digital Media Content Liability): any publication or broadcast of Digital Media posted or transmitted on any of the Company's internal instant message system, intranet, messaging boards, or chat rooms.
27. Over-Redemption (Digital Media Content Liability): any price discounts, prizes, awards or other consideration given in excess of the total contracted or expected amount.
28. Ownership Rights (Digital Media Content Liability): Claims brought by or on behalf of any independent contractor, third-party distributor, licensee, sub-licensee, joint venture, venture partner, any employee of the foregoing, or any employee or agent of the Company arising out of disputes over ownership or exercise of rights in Digital Media or services supplied.
29. Patent/Trade Secret (Digital Media Content Liability): infringement of patents; loss of rights to secure registration of patents; misappropriation of trade secrets.
30. Royalties and other monies (Digital Media Content Liability): accounting or recovery of profits, royalties, fees or other monies claimed to be due; licensing fees or royalties ordered, directed or agreed to be paid for continued use of intellectual property.
31. Securities Claims (Digital Media Content Liability): actual or alleged violation of any law relating to securities; violation of the Securities Act of 1933, the Securities Exchange Act of 1934 or similar law; violation of the Racketeer Influenced and Corrupt Organisation Act.
32. Trade Debts (Digital Media Content Liability): trading debt incurred by an Insured; guarantee given by an Insured for a debt.
33. Trading Losses/Monetary Value (Digital Media Content Liability): trading losses or trading liabilities, monetary value of any electronic fund transfers or transfers by or on behalf of an Insured.

Source PDF: file:///Users/rob/Pangaea/cyberinsurance.com.sg/wordings/aig/cyberedge-2026.pdf