APA Insurance has introduced a new cyber insurance product as businesses across Kenya grapple with an escalating wave of digital attacks targeting critical data and IT systems.
The launch of APA Cyber Insurance comes amid increasing dependence on mobile money, cloud services, e-commerce platforms and digital operations—factors that have made cyber risk one of the country’s most pressing business challenges. A single breach can halt operations, trigger regulatory action, damage reputation and result in substantial financial losses.
Speaking during the launch, COO Parul Khimasia said cyberattacks have evolved into a direct threat to business continuity.
“If you understand the value of your data and IT systems, you will understand the value of cyber insurance,” he said.
“Without secure systems and reliable data, operations can cease entirely. APA Cyber Insurance is designed to provide both financial protection and immediate access to specialist support to help businesses respond and recover quickly.”
The cover targets both large corporates and SMEs, with a simplified quotation and underwriting process. It protects against a range of incidents—including ransomware and malware attacks, cyber extortion, denial-of-service disruptions, insider misuse, and breaches arising from third-party access.
Beyond financial reimbursement, the policy integrates an incident-response framework offering access to IT forensics teams, crisis communication and reputation-management specialists, and legal support for navigating liability issues. APA says the response model blends local expertise with global cyber-risk capabilities.
Group CEO Ashok Shah noted that cyber threats have become a strategic concern for leadership teams rather than an isolated IT issue.
“As Kenya’s digital economy continues to expand, companies must strengthen their resilience to emerging risks,” he said.
The launch, he added, reflects the broader commitment of the APA Apollo Group to supporting long-term business stability.
Stricter regulatory regimes such as the Kenya Data Protection Act of 2019 have also heightened pressure on organisations to safeguard customer information, making cyber insurance an increasingly vital tool in risk management.
APA Cyber Insurance is positioned as a comprehensive solution to help Kenyan companies navigate a rapidly evolving digital threat landscape with greater confidence.
