CyberOne will be the first cyber insurance product launched by DBS Hong Kong, and the first cyber offering from a bank in the area. The cover will be underwritten by global-insurer Chubb and will support fees for trauma counselling, legal consultation and action, tech, and various other urgent needs. Coverage will be available for as little as HKD1 ($0.1), for comprehensive cyber bullying coverage, with online privacy invasion, identity theft, a 24-hour hotline and specialist access available at higher price ranges. The bank and Chubb signed a bancassurer agreement in the next 15 years, in a partnership for 2018 covering Singapore, Hong Kong, China, Taiwan and Indonesia.
CyberOne will be the first cyber insurance product launched by DBS Hong Kong, and the first cyber offering from a bank in the area. The cover will be underwritten by global-insurer Chubb and will support fees for trauma counselling, legal consultation and action, tech, and various other urgent needs. Coverage will be available for as little as HKD1 ($0.1), for comprehensive cyber bullying coverage, with online privacy invasion, identity theft, a 24-hour hotline and specialist access available at higher price ranges. The bank and Chubb signed a bancassurer agreement in 2018, in a partnership for the next 15 years covering Singapore, Hong Kong, China, Taiwan and Indonesia.