Surer inks partnership with Delta Underwriting

The aim is to provide intermediaries quick access to cyber insurance products.

Singapore-based insurtech firm Surer has signed a partnership agreement with specialist underwriter Delta Underwriting.

The aim is to give intermediaries quick and easy access to a suite of insurance products, with a focus on Cyber and Technology Liability, as well as Professional Indemnity and Directors & Officers Liability insurance.

The two insurance leaders are targeting SMEs who are growing conscious of the importance of cyber insurance. In a recent report by Cisco, almost seven in 10 SMEs in Singapore and APAC are more worried about cybersecurity now than 12 months ago.

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Surer co-founder Derren Teo said that SMEs are now getting more well-educated by cyber threats which have caused a rise in demand for cyber and tech-related insurance amongst SMEs.

“However, such insurance products are not the most simple to understand and many SMEs rely on intermediaries for advice and arrangement of such. Intermediaries can now access such products offered by Delta via the Surer platform and our tech-enabled process that alleviates a traditionally cumbersome workflow for them.” Teo added.

Surer is a cloud-based insurtech platform with a digital ecosystem of intermediaries and insurers. It provides tech solutions to help orchestrate the network in the insurance industry enabling insurance intermediaries to close deals with greater speed and allowing insurers to distribute their products with better efficiency.