AXA SmartHome Optimum Cyber Protector

These days we spend much of our time on the Internet – surfing, shopping, sharing, and even meeting new people. Yet, the Internet can be a dangerous place because anyone can easily fall prey to the many hidden traps and dangers. That’s why it’s absolutely important to protect yourself in the cyber world today.

French insurer AXA is introducing a new insurance plan in Singapore to help individuals and families mitigate cyber risks, including the damage to one’s “electronic reputation”. AXA Cyber Protector is an insurance that covers you in event of an online breach. So you can enjoy complete peace of mind doing what you do online.

Cyber Protector covers you and your family for loss and damage arising from the use of the internet within pre-defined limits. It provides legal protection and various benefits due to four specified events.

1. Damage to E-reputation
– Provides the services of a professional IT specialist to assist in removal of defamatory publication
– Provides psychologist consultation for post-traumatic stress disorder
Sum Insured: Up to S$5,000 in services any one occurrence

2. Identity Theft
– Reimburses the expenses for recovery of personal identity and provides psychologist consultation
Sum Insured: Up to S$5,000 any one occurrence

3. Unauthorized Online Transactions
Reimburses fraudulent bank transactions that are unrecoverable and other incidental expenses
Sum Insured: Up to S$5,000 any one occurrence

4. Dispute with Online Merchants
Replaces or reimburses online purchases that are not delivered or delivered damaged, incomplete or different.
Sum Insured: Up to S$5,000 any one occurrence, subject to maximum S$500 any one item

Basic travel insurance policies do not cover acts of war and terrorism.

Basic travel insurance policies, which most airlines offer to passengers, do not provide cover for acts of war and terrorism.

Air travellers are advised to either upgrade their policies or buy travel insurance that would specifically insure them in the event of such acts.

Acts of war and terrorism are excluded in the basic insurance policies offered by most airlines.

However, a multilateral air travel treaty known as the Montreal Convention of 1999 stipulates that airlines are liable to pay damages of US$175,000 (S$217,191) for each passenger killed or injured in any air accident, even if the cause of the crash is an act of war or terrorism.

All airlines were required to purchase “hull” insurance, which protects the aircraft and passenger liability insurance.

Air travellers who were concerned over war and terrorism issues should check their existing insurance policies.

Register of Representatives

You will soon be able to check on financial representatives selling products from insurance to unit trusts.

An online database of more than 30,000 financial advisory representatives will be available next month

According to Monetary Authority of Singapore (MAS), only representatives on the register can conduct regulated activities.

Representatives include bank relationship managers, remisiers, insurance agents and financial advisers.

The Register of Representatives will include the person’s regulated activities, any disciplinary actions that have been lodged, and his employment history for the previous three years.

Consumers can make used of the unique numbers assigned to representatives to make their own checks.

‘This will provide consumers with more information on their representatives, and enhance market discipline in the financial industry. Consumers should not deal with any person without a representative number,’ said the MAS.

Insurance companies in Singapore

List of insurance companies in Singapore

This is a list of insurance companies and intermediaries in Singapore as licensed by the Monetary Authority of Singapore.

Direct insurers
General insurers

* Ace Insurance Limited
* Allianz Insurance Company of Singapore Private Limited
* American Home Assurance Company
* MSIG Insurance (Singapore) Private Limited
* Axa Insurance Singapore Private Limited
* China Insurance Co (Singapore) Private Limited
* Coface S.A.
* Cosmic Insurance Corporation Limited
* Direct Asia Insurance (Singapore) Private Limited
* Ecics Limited
* EQ Insurance Company Limited
* Euler Hermes Kreditversicherungs- Ag
* Euler Hermes UK PLC
* Federal Insurance Company
* Financial Security Assurance Incorporated
* First Capital Insurance Limited
* Groupama Transport Singapore Branch
* India International Insurance Private Limited
* InterGlobal Insurance Company Limited (Singapore Branch)
* International Medical Insurers Private Limited
* Liberty Insurance Pte Ltd C/o Liberty Mutual
* Lion City Run-Off Private Limited
* Lloyd’s of London C/o Lloyd’s of London (Asia) Private Limited
* Lonpac Insurance Berhad
* Mayban General Assurance Berhad
* Mitsui Sumitomo Insurance (Singapore) Private Limited
* Nipponkoa Insurance Company Limited
* Overseas Assurance Corporation Ltd
* Overseas Union Insurance Limited
* QBE Insurance International Limited
* Royal and Sun Alliance Insurance (Singapore) Limited
* SHC Capital Limited
* Shenton Insurance Private Limited
* Singapore Aviation and General Insurance Company Private Limited
* Sompo Japan Insurance Company (Asia) Private Limited
* Standard Steamship Owners’ P&I Association (Asia) Limited C/o Charles Taylor Mutual Management (Asia) Private Limited, The
* Swisscare Insurance
* Tenet Insurance Company Limited
* Through Transport Mutual Insurance Association (Eurasia) Limited C/o Thomas Miller (South East Asia) Private Limited
* TM Asia Insurance Singapore Ltd
* Tokio Marine and Fire Insurance Company (Singapore) Private Limited, The
* United Overseas Insurance Limited
* U.K. Mutual Steam Ship Assce Association (Bermuda) Limited C/o Thomas Miller (South East Asia) Private Limited
* Wing On Fire and Marine Insurance Company Limited, The
* Xl Capital Assurance Incorporated
* Zurich Insurance Company (Singapore Branch)

Life insurers

* NTUC Income Private Limited
* TM Asia Life Limited
* AXA Life Insurance Singapore Private Limited
* China Life Insurance (Overseas) Company Limited
* Great Eastern Life Assurance Private Limited
* Manulife (Singapore) Private Limited.
* Transamerica Life (Bermuda) Ltd.
* UOB Life Assurance Limited

Composite insurers

* American International Assurance Company Limited
* Aviva Limited
* Great Eastern Life Assurance Company Limited, The
* HSBC Insurance (Singapore) Private Limited
* NTUC Income Insurance Co-Operative Limited
* Overseas Assurance Corporation Limited
* Prudential Assurance Company (Singapore) Private Limited

Captive insurers

* Alps Insurance Private Limited
* Amcor Insurances Private Limited
* Asia Sunrise Company Private Limited
* Austal Insurance Private Limited
* BG Insurance Company (Singapore) Private Limited
* Bluewell Insurance (Singapore) Private Limited
* Castle Pacific Insurance Private Limited
* Cementhai Captive Insurance Private Limited
* Challenge Insurance Private Limited
* Corrvas Insurance (Singapore) Private Limited
* Creare Private Limited
* Crescent Insurance Private Limited
* CSR Insurance Private Limited
* Cygnus Reinsurance Private Limited
* C.F.H Insurance Private Limited
* Engineering Insurances Private Limited
* Evergreen Insurance Private Limited
* FGL Insurance Company Private Limited
* GF Insurance and Risk Management Services Private Limited
* Imperium Insurance Private Limited
* Inno Reinsurance Private Limited
* Insurance Company of Trinet Asia Private Limited
* Lion Nathan Insurance Private Limited
* LMI Insurance Private Limited
* Macquarie Insurance (Singapore) Private Limited
* Medical Insurance Private Limited
* Metals and Minerals Insurance Private Limited
* MIA Risk Services Private Limited
* Mimsure Insurance Private Limited
* Nautilus Insurance Private Limited
* New Marble Insurance Company Private Limited
* Newcrest Insurance Private Limited
* Newmont Insurance (Singapore) Private Limited
* Northern Insurance Private Limited
* Nufarm Insurance Private Limited
* Onesteel Insurance Private Limited
* Opal Insurance (Singapore) Private Limited
* Pathfinder Insurance Private Limited
* PSA Insurance Private Limited
* QLS Insurance Private Limited
* Saint George Insurance Private Limited
* Sanco Insurance Private Limited
* Sanro Insurance Private Limited
* Seasure Insurance Private Limited
* Smit Insurance Company Private Limited
* Southern Cross Insurances Private Limited
* Southern Insurance Private Limited
* Steelcap Insurance Private Limited
* Stockland Singapore Private Limited
* Suncorp Metway Risk Management Private Limited
* S.C.C. Insurance Private Limited
* Tenix Insurance Company Private Limited
* Toyota Tsusho Re Singapore Private Limited
* Transport Security Insurance Private Limited
* Unimax Insurance Private Limited
* Wembley Insurance Private Limited
* Westminer Insurance Private Limited
* Woolworths Insurance Private Limited
* Zinifex Insurance Private Limited

Professional reinsurers

General reinsurers

* Asean Reinsurance Corporation Limited
* Asia Capital Reinsurance Limited
* AXA Re Asia Pacific Private Limited
* Converium Limited Regional Reinsurance Branch Office
* Copenhagen Reinsurance Company Limited, The
* Equatorial Reinsurance (Singapore) Limited
* Everest Reinsurance Company
* Fund American Reinsurance Company, Limited
* Korean Reinsurance Company
* Mitsui Sumitomo Reinsurance Limited
* Odyssey America Reinsurance Corporation
* Reliance National Asia Re Private Limited
* R&V Versicherung Ag
* Singapore Reinsurance Corporation Limited
* Sirius International Insurance Corporation
* Sun Alliance and London Insurance PLC
* Toa Reinsurance Company Limited, The

Life reinsurers

* Scor Global Life
* Tokio Marine Nichido Retakaful Private Limited

Composite reinsurers

* Allianz SE Reinsurance Branch Asia Pacific
* Cologne Reinsurance Company PLC
* Muenchener Rueckversicherungs Gesellschaft
* Partner Reinsurance Company Limited
* Scor Reinsurance Asia-Pacific Private Limited
* Swiss Reinsurance Company
* Xl Re Limited

Authorised reinsurers

General reinsurers

* China International Reinsurance Company Limited
* Malaysian Reinsurance Berhad
* Sompo Japan Insurance Incorporated

Reinsurance Brokers

General reinsurance brokers

* Ikatan Asia Pacific Reinsurance Brokers Private Limited
* UIB Asia Private Limited

Life reinsurers

* RGA International Reinsurance Company Limited

Composite reinsurers

* Hannover Ruckversicherung Ag