Tokio Marine Cyber Insurance Singapore Review 2025
Last updated: November 2024
Overview
Tokio Marine is Japan's oldest and largest insurance company, with operations in Singapore since 1974. They specialize in providing high coverage limits up to $25 million for larger businesses, making them ideal for Fortune 500 companies and large regional enterprises.
With deep Asian market expertise and a strong understanding of regional regulatory requirements, Tokio Marine is particularly well-suited for businesses operating across multiple APAC jurisdictions.
Key Coverage Features
- High Coverage Limits: Policies up to $25 million for large enterprises
- Cyber Liability: Comprehensive third-party liability protection
- Data Breach Coverage: Full breach response including notification costs
- APAC Expertise: Understanding of regional regulations (PDPA, PDPC)
- Business Interruption: Income loss coverage with flexible waiting periods
Pricing
| Business Size | Coverage | Annual Premium |
|---|---|---|
| Mid-Market (50-200) | $2,000,000 | $1,000 - $3,000 |
| Large (200-1000) | $10,000,000 | $5,000 - $15,000 |
| Enterprise (1000+) | $25,000,000 | $20,000 - $75,000+ |
Pros & Cons
Pros
- + Very high coverage limits ($25M)
- + Deep APAC market expertise
- + Strong financial stability
- + 50+ years in Singapore
Cons
- - Focused on larger businesses
- - Higher minimum premiums
- - Less suitable for SMEs
Our Verdict
Tokio Marine is ideal for large enterprises requiring high coverage limits and APAC regional expertise. Their 50+ years in Singapore and understanding of local regulations make them a solid choice for multinationals. For smaller businesses, QBE or MSIG offer more accessible options.