Cyber insurance explained
How much is cyber insurance in Singapore?
What SME cyber insurance costs today for 5 revenue bands at 4 limits, from the tables on Allied World's, Sompo's and Great American's proposal forms.
By revenue and limit
| Revenue | S$250,000 limit | S$500,000 limit | S$1,000,000 limit | S$2,000,000 limit |
|---|---|---|---|---|
| Up to S$1,000,000 | S$981.00Allied World and Great American | S$1,308.00Allied World and Great American | S$1,635.00Allied World and Great American | S$2,071.00Allied World |
| S$1,000,001 to S$3,000,000 | S$1,308.00Allied World and Great American | S$1,635.00Allied World and Great American | S$1,962.00Allied World and Great American | S$2,507.00Allied World |
| S$3,000,001 to S$5,000,000 | S$1,526.00Allied World and Great American | S$1,962.00Allied World and Great American | S$2,398.00Allied World and Great American | S$3,052.00Allied World |
| S$5,000,001 to S$10,000,000 | S$2,289.00Allied World and Great American | S$2,943.00Allied World and Great American | S$3,597.00Allied World and Great American | S$4,578.00Allied World |
| S$10,000,001 to S$20,000,000 | S$3,161.00Allied World and Great American | S$4,251.00Allied World and Great American | S$5,341.00Allied World and Great American | S$7,085.00Allied World |
None of Allied World, Sompo and Great American is one of our featured insurers for cyber insurance, so we rank none of them: every insurer’s plans are shown, cheapest first. Every revenue and limit · Price your own business.
How these prices are worked out
The prices are the Standard Plan tables printed on each insurer’s own proposal form (Allied World SG-CYBER1023-PF (0625), Sompo Oct 24, Great American F.40323B (12/24)), premiums including GST, read on 2 Nov 2026. A Premier Plan is the Standard figure plus the 50% loading Allied World’s and Sompo’s forms state. The insurers price on the past twelve months' revenue, in five bands up to S$20,000,000, and the limit. An unlimited retroactive date (20% more at Allied World and Sompo) is not priced here. Nothing here is a live quote. Shenton Brokers is an insurance broker in Singapore. Every example is in a CSV file, updated daily.
Questions people ask
How much is cyber insurance?
On today's published tables, the lowest price runs from S$981.00 to S$7,085.00 a year, GST included, from revenue up to S$1m with a S$250,000 limit to revenue of S$20m with a S$2m limit.
What changes the price?
The past twelve months’ revenue, in five bands, and the limit you pick. A Premier Plan at Allied World or Sompo costs 50% more and an unlimited retroactive date 20% more. The insurer confirms the premium from your proposal form.
Who can buy at these prices?
The tables are for a business based in Singapore with revenue up to S$20,000,000, a clean loss history and the basic controls (malware protection, patching, firewalls, backups). Payment processors, online trading and e-commerce platforms taking payments, data aggregators, gambling, digital currency and financial institutions are outside them; Sompo also leaves out law firms, clinics, insurance brokers and recruiters.
How do I buy it?
Each insurer sells through intermediaries, so a broker places it: Apply Now opens the insurer’s own proposal form on our site, filled in from your answers. The form asks about your business, the data you hold, your security controls and your loss history, and the insurer confirms the premium. Ask Shenton to arrange sends us the plan you picked and we arrange it for you.