Munich Re is pioneering cyber insurance through its strategic alliance with a combination of market leading cyber risk transfer expertise with Google cloud’s security know how to address client needs. The coverage of cyber risks is a strategic field of business in which Munich Re aims to achieve further sustainable growth.
Munich Re was early to accept the challenges in cyber insurance as cyber risks and loss scenarios change quickly and continuously. Munich Re maintains its position among the top providers by steadily developing its own approach and risk modeling and also by collaborating with clients and partners. Munich Re has now agreed on a cooperation with Google cloud and Allianz global corporate and specialty (AGCS) focusing on providing cloud specific cover for organizations. This collaboration has been praised by many as data driven submission and under writing will enable easier, more efficient and transparent purchase process for customers.