SG Insurtech SingViva enters into strategic partnership with Deepblue Technology in the field of cybersecurity insurance

Singviva has entered into a strategic agreement with Deepblue Technology to launch and develop innovative offerings for the cybersecurity insurance industry.

We see an opportunity to improve cyber services for insurers and offer innovative personal cyber protection to consumers.”

— Anthony Koh, Chairman and Blockchain Advisor at Singviva

SINGAPORE, SINGAPORE, Nov. 7, 2022 /EINPresswire.com/ — Singapore-based insurtech SingViva has partnered and entered into a strategic agreement with Deepblue Technology (“DBT”) to deliver a range of consumer, enterprise and cybersecurity products Company.
The global cyber insurance market is expected to grow from US$12.83 billion in 2022 to US$63.62 billion in 2029. In recent years, a cyber risk insurance market has emerged, primarily providing corporate financial protection for some of the digital security and privacy risks that have accompanied the growing use of data and digital technologies.
The partnership will introduce a range of cyber protection services targeting both consumer and business segments in the region. First, the partnership will provide identity management, cyber services and data theft services to SingViva’s existing relationships targeting the consumer segment. In the business segment, it will develop cyber defenses, cyber risk assessment tools, crisis management and tracking of potential cyber threats to mitigate cyber and data risks in the new economy. The partnership will also explore the development of insurance solutions in the crypto and decentralized finance (DeFi) space.

At a time of increasing reliance on digital technologies, cyber insurance can play an important role in providing financial protection and helping policyholders prevent and respond to cyber incidents.

“With our increasing dependency on digital technologies, we are increasingly exposed to cyber risks. More and more SMBs are dependent on digital solutions, while access to full-service support for individual users is still lacking in this region,” said Anthony Koh, Chairman and Blockchain Advisor to SingViva after signing this partnership. “We see an opportunity to improve cyber services for insurers and offer consumers innovative personal cyber coverage.”

Lim Hui Jie, Founder of Deepblue Technology, stated, “DeepBlue is very excited to enter into this strategic collaboration with SingViva to advance the future of insurance in the insurtech space. Times have changed greatly today and the future even more so, however we still follow an age-old approach to solving a new problem. We believe that with this collaboration we can add value to the industry and transform the future of insurance.”

About Deepblue technology
DeepBlue Technology, a subsidiary of VisionGroup, is in the business of providing Cybersecurity-as-a-Service (CAAS), strategic cybersecurity consulting and consulting, and a wealth of cybersecurity services and products to organizations looking to secure and protect their future business.

Visit https://www.dbglobal.co/ for more information.
About SingViva
SingViva is a deep tech company that integrates medical science and blockchain technologies into the life and health insurance sector. Founded in 2021, SingViva enables users and insurers to better understand health data through seamless access to predictive genetic profiling while working to improve the overall health of the population. SingViva is headquartered in Singapore. www.SingViva.com

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Singviva has entered into a strategic agreement with Deepblue Technology to launch and develop innovative offerings for the cybersecurity insurance industry.



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