Protection against internal and external fraud, social engineering, digital deception, and criminal activity that results in direct financial loss.
Protection against internal and external fraud, social engineering, digital deception, and criminal activity that results in direct financial loss.
Specialist Risk Group (SRG) structures comprehensive Crime insurance programmes that protect businesses from the increasingly sophisticated tactics used by external fraudsters, cybercriminals, and third-party actors. Working with specialist Crime insurers across Singapore and the region, we design solutions that reflect your transaction processes, digital exposures, payment channels, and vendor/customer interactions. While internal dishonesty can be included, Crime insurance primarily addresses external, technology-enabled financial threats, helping organisations strengthen resilience where traditional internal controls offer limited protection.
Modern financial crime extends far beyond traditional theft. Businesses today face increasingly complex schemes, from impersonation and invoice manipulation to unauthorised digital transfers and fraudulent vendor activity. Crime insurance protects organisations against direct financial loss arising from these external and system-based threats. This cover addresses exposures beyond employee behaviour, particularly where digital environments, interconnected supply chains, and remote operations create new fraud opportunities.
Protection when employees are deceived into transferring funds due to forged identities, spoofed communications, or manipulated relationships.
Cover for unauthorised electronic transactions initiated by external actors through hacking, intrusion, or system manipulation.
Indemnity for theft arising from compromised networks, malware-assisted diversion, or manipulation of digital payment systems.
Protection against fraudulent activity committed by external trading partners, beneficiaries, or individuals outside your organisation.
Cover for falsified payment instructions, counterfeit financial instruments, or altered vendor records.
Can be included for organisations seeking a combined approach, though specialist employee fraud cover is available under fidelity guarantee.
Crime insurance is essential for organisations exposed to digital transactions, external interactions, or multi-party financial processes, including:
Coverage for financial loss caused by dishonest or fraudulent acts committed by employees.
Protection against cyberattacks, data breaches, ransomware, and digital disruptions to business operations.
Protection for organisations and leaders against management, regulatory, employment, and advisory-related liabilities.
Indemnity for directors and officers against claims alleging mismanagement, breach of duty, or regulatory violations.
Protection against non-payment of receivables due to insolvency, protracted default, or political events.
Crime insurance protects businesses against direct financial loss caused by external fraud, social engineering, digital deception and criminal activity, including unauthorised fund transfers and impersonation scams.
No. Crime insurance is not legally required in Singapore, but it is increasingly considered essential due to the rise in external and technology-enabled fraud.
Social engineering fraud occurs when criminals deceive employees into transferring funds or disclosing information through impersonation, spoofed emails, fake phone calls or manipulated relationships.
Crime insurance focuses on direct financial loss caused by fraud and deception, while Cyber insurance covers data breaches, system disruption, ransomware and incident response costs. Many businesses require both.
Crime insurance can cover social engineering fraud, funds transfer fraud, computer crime, vendor and customer fraud, forged documents and other externally driven financial crimes.
Yes. Crime insurance can cover financial loss arising from unauthorised electronic transactions, system intrusion or digital manipulation carried out by external actors.
Yes, Crime insurance typically includes coverage for employee dishonesty amongst other covers.
Yes. Policies can cover fraud committed by external vendors, suppliers, customers or third parties, subject to policy wording and verification controls.
Yes, where social engineering or funds transfer fraud cover is included and policy conditions around verification procedures are met.
No. Crime insurance covers actual financial loss, not attempted or prevented fraud.
Limits are typically based on transaction volumes, payment methods, approval thresholds and exposure to digital or remote processes. We assess these factors to recommend appropriate limits.
Yes. Insurers assess payment controls, authorisation procedures and verification processes. Strong controls can improve coverage terms and pricing.
Act quickly, preserve evidence and notify insurers immediately. Early notification is critical to maximise recovery and policy response.
We design Crime insurance programmes aligned to real-world fraud exposure and provide hands-on support throughout placement and claims to ensure clarity, speed and effective outcomes.
You can easily contact us by filling out the form. Once you have submitted your enquiry, one of our friendly colleagues will reach out to you.