NongHyup Property & Casualty Insurance Partners with CubePia to Promote Cyber Insurance Activation

NH Nonghyup Property & Casualty Insurance announced on the 7th that it signed a business partnership agreement (MOU) with IT security specialist company CubePia on the 6th at its headquarters in Seodaemun-gu, Seoul to promote cyber insurance.

[Asia Economy Reporter Oh Hyung-gil] NH NongHyup Property & Casualty Insurance announced on the 7th that it signed a business partnership agreement (MOU) with IT security specialist CubePia on the 6th at its headquarters in Seodaemun-gu, Seoul, to promote cyber insurance.

The two companies agreed to mutually cooperate on ▲developing cyber insurance linked with security solutions ▲joint marketing and mutual educational support for cyber insurance and security solutions ▲customer support services for cyber incidents.

NongHyup P&C plans to launch affordable cyber insurance in the first half of the year and enhance accessibility to cyber insurance for public institutions and small and medium-sized enterprises by providing cybersecurity status consulting and services related to insurance coverage in case of incidents.

Choi Chang-soo, CEO of NongHyup P&C, said, "As digital transformation accelerates recently, various cybercrime risks are also increasing," adding, "We will strive to provide customized services for managing customers' cyber risks through close cooperation with CubePia."

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