Singviva has entered a strategic settlement with Deepblue Technology to launch and develop revolutionary propositions for the Cybersecurity Insurance trade.
— Anthony Koh, Chairman and Blockchain Advisor of Singviva
SINGAPORE, SINGAPORE, November 7, 2022 /EINPresswire.com/ — Singapore-based Insurtech SingViva has partnered and entered into a strategic settlement with Deepblue Technology (“DBT”) to launch and develop a set of Cybersecurity Products concentrating on shoppers, companies and enterprises.
The international cyber insurance market is projected to develop from $12.83 billion in 2022 to $63.62 billion by 2029. In latest years, an insurance marketplace for cyber dangers has emerged to offer monetary safety principally to companies, for among the digital safety and privateness dangers which have accompanied the rising use of knowledge and digital applied sciences.
The partnership shall be rolling out a collection Cyber Protection companies concentrating on each the buyer and business segments in the area. For a begin, the partnership shall be providing identification administration, cyber companies and knowledge theft companies to SingViva’s present relationships concentrating on the buyer phase. In the business phase, it is going to be creating cyber protection, cyber threat evaluation instruments, disaster administration and monitoring of potential cyber threats to mitigate cyber and knowledge dangers in the brand new economy. The partnership can even discover creating insurance options in the crypto and decentralized finance (DeFi) area.
In an period of accelerating reliance on digital applied sciences, cyber insurance may be an essential contributor to offering monetary safety and serving to policyholders forestall and reply to cyber incidents.
“There’s a growing exposure to cyber risks that accompany increasing reliance on digital technologies. More SME are reliant on digital solutions while access to full service support is still lacking for individual users in this region.” Anthony Koh, Chairman and blockchain advisor of SingViva mentioned after inking this partnership. “We see an opportunity to elevate cyber services for insurers and to offer innovative personal cyber coverage for consumers.”
Lim Hui Jie, Founder of Deepblue Technology acknowledged, “DeepBlue is highly excited to enter into this strategic collaboration with SingViva to bring forth the future of insurance in the insurtech space. The times today have changed greatly and the future even more so, however we are still taking an age-old approach to solve a new problem. With this collaboration, we believe we can add value to the industry and make a significant difference to the future of insurance.”
About Deepblue Technology
DeepBlue Technology, a subsidiary of VisionGroup, is in the business of offering Cybersecurity-As-A-Service (CAAS), strategic cybersecurity consultancy and advisory and a wealth of cybersecurity companies and merchandise to corporations looking for to future-secure and future-protect their business.
You can discover extra data at https://www.dbglobal.co/ .
About SingViva
SingViva is a deep tech firm incorporating medical sciences and blockchain applied sciences into the Life & Health Insurance sector. Founded in 2021, SingViva allows customers and insurers to higher perceive well being knowledge by means of seamless entry to Predictive Genetic Profiling, whereas working in direction of enhancing the general inhabitants well being. SingViva is headquartered in Singapore. www.SingViva.com
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Singviva has entered a strategic settlement with Deepblue Technology to launch and develop revolutionary propositions for the Cybersecurity Insurance trade.
