Chubb Cyber Insurance Singapore Review 2025
Last updated: November 2024
Overview
Chubb is a premium insurance provider known for comprehensive cyber coverage and exceptional claims handling. As one of the world's largest publicly traded property and casualty insurers, Chubb offers enterprise-grade protection with coverage limits up to $10 million or more for large organizations.
In Singapore, Chubb is particularly popular among multinational corporations, financial institutions, and large enterprises requiring sophisticated cyber risk management solutions.
Key Coverage Features
- Comprehensive Breach Response: Full incident response including forensics, legal, and PR support
- Regulatory Defense: Coverage for PDPA investigations, fines, and regulatory proceedings
- Crisis Management: Access to Chubb's global network of cybersecurity experts
- Business Interruption: Income loss coverage with industry-leading terms
- Social Engineering: Protection against phishing and invoice fraud schemes
Pricing
| Business Size | Coverage | Annual Premium |
|---|---|---|
| SME (10-50) | $1,000,000 | $800 - $2,000 |
| Mid-Market (50-250) | $5,000,000 | $3,000 - $6,000 |
| Enterprise (250+) | $10,000,000+ | $8,000 - $25,000+ |
Pros & Cons
Pros
- + Premium coverage quality
- + Excellent claims handling
- + High coverage limits
- + Strong financial stability
- + Global incident response
Cons
- - Premium pricing
- - Detailed underwriting process
- - May require security standards
Our Verdict
Chubb is the go-to choice for large enterprises requiring premium cyber coverage with exceptional claims support. Their comprehensive coverage and global expertise justify the higher premiums for businesses with significant cyber exposure. For budget-conscious SMEs, consider QBE or MSIG.