White Paper

Cyber Insurance Market Outlook

Cyber threats have become the risks of the century and if cyber security is one step behind new cyber threats, cyber insurance is two steps behind.
By:

White Paper Summary

It is difficult to achieve comparability of products in the cyber market, as many players­­­­­ —­­be they insurance companies or brokers — draft their own wordings with a specific focus on property or casualty components. As cyber technology is omnipresent and the risks can trigger claims under traditional insurance products, some players choose to endorse their traditional property or casualty policies with cyber extensions. Overall, however, new stand‑alone cyber covers are appearing.

The accumulation potential of cyber risks is not fully understood. Firstly, a single cyber event can trigger a multitude of stand-alone cyber policies, due to the fact that contingent business interruption is a common feature of cyber policies, but also because everything is interconnected. The rise of the Internet of Things will increase connectivity and so trigger even more potential losses.

RiskCentralButtonV1-250

To learn more about Munich Re, please visit their website.

Munich Re, and its family of companies, has been a leader in risk for more than 100 years. We are spearheading innovation to deliver competitive advantages for our clients every day and disrupting on our own terms to reimagine the world of risk itself.

Risk Matrix: Presented by Liberty Mutual Insurance

12 Risks That Could Impact Your Auto Fleet

On-the-road risks are becoming more challenging to manage. See our map of the top current exposures plotted by frequency and impact.
By: | April 9, 2018 • 2 min read
The R&I Editorial Team can be reached at [email protected]