Singlife partners Circles Group to widen SME insurance options

It also offers round-the-clock incident response support.

Singlife has launched two new insurance products for small and medium-sized enterprises (SMEs) in partnership with Circles Group.

The products, Singlife Circle Complete and Singlife Circle Cyber, aim to expand insurance options for SMEs in Singapore. 

Circle Complete combines multiple liability protections into a single policy, covering areas such as professional indemnity, directors and officers, employment practices, fraud, and crime. 

SMEs can customise the policy to fit their needs.

Circle Cyber provides coverage against cyberattacks, data breaches, IT failures, and fraudulent transactions.

It also offers round-the-clock incident response support and a complimentary vulnerability scan to help businesses identify risks early and manage incidents effectively.

The products will be distributed by Singlife and underwritten by Circles Group, a global specialty digital underwriter focusing on niche and emerging risks.