Allianz Insurance Singapore Rebrands Cyber Coverage to 'Allianz Scam Protect' for Consumer Clarity

SINGAPORE – Allianz Insurance Singapore Pte. Ltd. (“Allianz”) has renamed its personal cyber insurance product from Allianz Cyber360 Protect to Allianz Scam Protect, ensuring the product’s name immediately communicates what it does: protect Singaporeans financially when they fall victim to scams.

Earlier this year, Singaporean drivers crossing into Malaysia began receiving SMSes that appeared to come from a government transport agency, claiming they had outstanding road charges to settle. Those who clicked the link and entered their payment details had their banking credentials stolen - at least 10 victims lost a combined S$24,000. Around the same time, a separate wave of phishing messages impersonating a well-known delivery service tricked victims into making payments for fake parcel notifications, resulting in another S$22,000 in losses.

These are the kinds of everyday scams - a convincing text message, a familiar brand name, a moment of inattention - that Allianz Scam Protect is designed to cover. In the first three months of 2026 alone, more than 7,800 scam cases were reported in Singapore with losses exceeding S$144.4 million. Singapore has now lost more than S$4 billion to scams since 2019.

The name change reflects how Singaporeans actually talk about these incidents. When someone loses money after clicking a phishing link in an SMS, they don’t think of it as a “cyber incident” - they call it what it is: a scam. By renaming the product, Allianz ensures that every Singaporean searching for protection against scams can find it immediately. The coverage hasn’t changed - but the name now speaks the same language as the people it protects.

Allianz Scam Protect covers financial losses from phishing, smishing, stolen payment credentials, and unauthorised transactions (up to S$25,000 for Gold; up to S$60,000 for Platinum), as well as online shopping disputes involving undelivered, damaged, or incorrect items. Existing policyholders will see the updated name at their next renewal - no action is required.

Allianz Scam Protect is available from S$8.91 per month at www.allianz.sg and through Allianz’s network of authorised distribution partners.