Cyber risk is a growing threat driven by rapidly evolving and sophisticated technologies, the use of the third party service vendors, cross border movement of data, the increasingly demanding regulatory environment and a thriving cybercrime ecosystem. Security breaches are on the increase and protecting information today is more challenging than ever.

Criterion’s Cyber Insurance programs address a wide range of cyber exposures arising from the widening digital footprints of individuals and businesses.

CORPORATES

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SMALL TO MEDIUM ENTERPRISES (SME)

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CONSUMERS

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Broad definition of Personal Computer Systems. It includes desktop computers, mobile phones, laptops, notebook, tablets and digital assets contained therein.

Protection against:

• Digital Assets Restoration Costs following Hacking or Malware Attack
• Cyber Extortion Payments, to the extent insurable
• Financial Loss suffered as a result of Cyber Fraud
• Identity Theft Expenses

Our consumer product is exclusively available through Etiqa Insurance.

FINANCIAL INSTITUTIONS

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D&O Insurance protects the personal assets of corporate directors and officers against personal liability arising from wrongful acts committed or allegedly committed in their management of the company.

Protection against:

• Management liability of directors and officers
• Outside directorship Liability
• Entity securities claims
• Entity employment practices liability claims

SME D&O INSURANCE FACILITY

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For Commercial Entities

Pre-approved facility with agreed parameters in terms of qualifying criteria, sums insured and pricing.

FINANCIAL INSTITUTIONS

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Crime and Professional Indemnity Insurance are integral to financial institutions’ operational risk management programs.

Protection against:

• Employee Infidelity
• Third party electronic fraud
• Third party documentary and currency fraud
• Loss of property whilst on the premises or in transit
• Third party claims arising from the provision of professional services

Asset Managers face a number of challenges including financial market volatility, multiple stakeholders and increasing regulatory scrutiny. Criterion’s Asset Manager Insurance is a blended product for investment managers and the managed funds, which combines Professional Indemnity, Directors and Officer Liability and Crime Insurance.

Protection against:

• Management liability of directors and officers
• Entity securities claims
• Occupational health and safety claims
• Personal tax liability
• Legal representation expenses
• Key man loss
• Civil liability arising from the provision of professional services
• Advancement of defence costs, civil and bail bond expenses, investigation costs, pre-investigation costs and public relations expenses
• Emergency defence costs
• Financial loss resulting from employee dishonesty and third party fraud
• Financial loss establishment costs
• Mitigation costs

Marine insurance covers the loss of, or damage to, vessels, cargo and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination.

At Criterion Underwriting, we cover:

Marine Cargo

• General Cargo
• Containerised cargo
• Bulk commodities
• Bulk liquid shipments
• Outsized cargo including project cargo
• Sellers and buyers interest covers

Marine Hull

• Commercial tonnage trading in Asian Waters
• Tug and barge
• Supply vessels

Marine Liability

• Freight forwarders liability
• Haulier’s liability
• Warehouseman’s liability