Tokio Marine, Horangi partner for cybersecurity services

A cybersecurity insurance policy will be granted, with possible rebates.

Tokio Marine Insurance Singapore (TMIS) has partnered with cybersecurity startup Horangi to provide cybersecurity services for the insurer’s clients, according to a news release.

This is Tokio Marine’s first venture with a cybersecurity firm in Asia Pacific.

Corporates who purchase TMIS’ cybersecurity insurance policy will be offered services provided by Horangi, including potential rebates. Other services include penetration testing, network vulnerability assessment, cyber security assessment and virtual Chief Information Security Officers (vCISOs).

The cybersecurity insurance will grant protection against liabilities due to security and privacy breaches, regulatory defence and penalties arising from breaches, where permissible by law, or costs associated with crisis management, loss of digital assets, business interruption and cyber extortion.