Allianz Cyber Insurance Singapore Review 2025
Last updated: November 2024
Overview
Allianz Global Corporate & Specialty (AGCS) is the corporate insurance arm of Allianz Group, one of the world's largest financial services companies. Through their Singapore office, Allianz provides sophisticated cyber coverage for multinational corporations and large regional enterprises.
Allianz is recognized as a leading adopter of cybersecurity in the insurance sector and offers policies that can be coordinated across multiple jurisdictions - ideal for businesses operating throughout Asia-Pacific.
Key Coverage Features
- Global Program Capability: Coordinated coverage across multiple countries
- Cyber Risk Assessment: Pre-policy risk evaluation and recommendations
- Incident Response: 24/7 access to Allianz's global response network
- Regulatory Multi-Jurisdiction: Coverage for varying data protection laws across APAC
- Supply Chain Coverage: Protection for vendor and third-party cyber incidents
Pricing
| Business Size | Coverage | Annual Premium |
|---|---|---|
| Regional Business | $2,000,000 | $1,200 - $3,500 |
| Multinational | $10,000,000 | $8,000 - $20,000 |
| Global Enterprise | $50,000,000+ | $30,000 - $100,000+ |
Pros & Cons
Pros
- + Global program coordination
- + Strong multi-jurisdiction coverage
- + Supply chain protection
- + World-class financial stability
Cons
- - Premium pricing
- - Complex for single-country SMEs
- - Lengthy underwriting for large programs
Our Verdict
Allianz is the ideal choice for multinational corporations requiring coordinated cyber coverage across multiple APAC jurisdictions. Their global program capability and supply chain coverage make them perfect for complex international operations. For Singapore-only businesses, Chubb or AIG may offer better value.