RHB Singapore rolls out city's first cyber insurance package

Customers can receive free risk assessment and consultation.

RHB Singapore has tied up with Delta Insurance Singapore to offer its commercial and corporate customers with a cyber insurance policy that comes with free risk assessment and consultation.

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In what it claims is the first such bank product in the city state, companies insured under Delta’s cyber liability insurance policy will gain access to a professional team that can help manage the crisis.

Value-added services may include business continuity planning, server monitoring, information and communications and technologies policy consultation and legal consultation on data privacy matters.

As a number of cyber insurance policies only provide for coverage, the bank aims to fill the market gap by helping businesses set up a cyber risk management to mitigate potential risks.

“Over and above our existing product and service offerings, we hope to help customers identify potential cyber risks and put in place appropriate protection against them. We go the extra mile to strengthen the relationship with our customers, offering a holistic suite of solutions to cater to their needs more effectively,” Daniel Yeo, head of SME and regional sales department at RHB Bank Singapore said in a statement.