New Zealand’s Delta Insurance Group has inked a cyber-insurance agreement with Taiwan’s Hotai Insurance.

Under the terms of eth agreement, Delta’s Singapore unit will provide Hotai employees with its cyber-insurance product along with long-term support, including risk management services and training.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The agreement with Hotai is part of the group’s strategy to develop partnerships in the Asia-Pacific region to expand its footprint.

Delta Insurance managing director Ian Pollard said:  “We’ve seen enormous growth in Asia in the take-up of cyber insurance, even more so recently with the Covid-19 crisis and increased working from home.”

The group is planning to hire more staff at its Singapore unit in the next two years.

Prior to the deal with Hotai, Delta partnered with Vietnamese insurance company Bao Viet Insurance back in April.

Pollard added: “Delta Insurance Singapore is our Asia hub operation, and our intention is to develop partnerships similar to the Hotai and Bao Viet agreements across the region, where we share our capabilities and the speciality insurance lines we have developed, such as cyber-insurance.

Delta has established its presence in 10 countries since it was founded in 2014. The company also has partners in Hong Kong, Cambodia and Thailand.

Delta will next seek partnerships in Indonesia and the Philippines. In the long run, the company plans to foray into Korea, Malaysia, and Japan as well.