CyberGuide - Information Security and Cyber Risk Management

Munich Re

Juergen Reinhart
Koeniginstr. 107
Munich, Germany 80802
+49.89.38910
[email protected]

 


About Munich Re:

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group is globally active and operates in all lines of the insurance business. Since its foundation in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position.

Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks. Munich Re is offering holistic cyber solutions incl. pre-incident and recovery services that go far beyond traditional insurance. It has built up considerable resources in cyber underwriting and claims and it employs established cyber experts whose expertise can also be made available to the market. A wide-ranging network of highly specialised technology companies ensures that risk assessment and the development of solutions are always state of the art.

For the third time in a row, Munich Re has been awarded as “Cyber Reinsurer of the Year” at the 2019 Advisen Cyber Risk Awards for ongoing commitment to cyber through investment and entrepreneurialism, along with outstanding underwriting results.

Munich Re is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

Survey Answers

Target Client Size
all company sizes
Does US business in
Northeast, Southeast, Midwest, Southwest, West
Does international business in
Canada, Continental Europe, Asia, South America, Africa, Australia/New Zealand, Mexico, United Kingdom
Primary Service Offering
Carrier
When did your company start writing cyber reinsurance?
Prior to 2000
Does your company provide facultative reinsurance for cyber risks?
Yes
Do you offer cyber aggregation models or tools to your cedants?
No
How many of your underwriters support stand-alone treaties?
more than 10
Approximately what percentage of your cyber-related claims were covered by standalone cyber treaties and treaties that include several lines of business including cyber?
Did not respond
Standalone cyber treaties
71%-80%
Treaties that include several lines of business including cyber
21%-30%
Does your company support cyber aggregate stop-loss structures?
No
Does your company support treaties with non-U.S. based business?
Yes