Kiwi insurer Delta signs Taiwan cyber agreement as it expands footprint

New Zealand-based company Delta Insurance Group has signed a cyber-insurance agreement with Taiwanese insurer Hotai Insurance that will see Delta’s Singapore office provide its commercial cyber-insurance offering including risk management services and training for Hotai employees.

The Taiwan deal follows a similar recent partnership signed with Vietnamese insurance company Bao Viet Insurance in April, and earlier agreements with insurance partners in Hong Kong, Cambodia and Thailand.

Delta Insurance Group managing director Ian Pollard said the agreement continues the company’s strategy of developing partnerships in the Asia-Pacific Region to grow its footprint. He said initiatives are also underway to develop partnerships in Indonesia and The Philippines, with Korea, Malaysia and Japan on the long-range radar.

Pollard said: “Delta Insurance Singapore is our Asia hub operation, and our intention is to develop partnerships similar to the Hotai and Bao Viet agreements across the region, where we share our capabilities and the speciality insurance lines we have developed, such as cyber-insurance. It’s not just a paper-based arrangement – it’s very much a ‘hands-on’ collaborative partnership to develop the capabilities of our partners.”

He added that Delta had set out to establish itself with a presence in 10 countries in 10 years when it was founded in NZ in 2014. It has achieved that in six years.

He added: “We see ourselves as providing solutions that give our insureds and partners the confidence and security to succeed. It helps that we are a Lloyd’s Coverholder and therefore an integral part of the Lloyd’s Insurance market.”