Evaluate and develop risk solutions worldwide
Collaborating in multi-disciplinary teams, cyber experts at Munich Re nurture – and shape – a flourishing global market.
Success through combined expertise
Cyber experts need in-depth knowledge, experience & a pioneering spirit
Productive teamwork & intensive research drive
Our employees use their collective cyber risk knowledge to develop markets worldwide and to design, customize and market cutting-edge cyber solutions. Their goal is to develop cyber insurance services and solutions for the entire value chain and to help customers close knowledge gaps in this area.
Designing effective coverages requires in-depth expertise, transferable experience from insurance markets and a certain amount of pioneering spirit. The foundation of success lies within a productive collaboration across the Cyber team in developing innovative risk transfer solutions. At Munich Re, we therefore use a unique, holistic team approach, combining traditional risk appetite with comprehensive service models.
Cyber insurance is a relatively young class of business; We develop a lot from scratch, and much has yet to be defined. It’s exciting – each new market player, every new standard, triggers change.
What we look for in Cyber Professionals
Current topics in the area of digitalization from
Promising, future-oriented opportunities also entail inherent – and sometimes hidden – risks. In 2018 alone, we estimate the economic damage from cyber-attacks at US$ 600bn. Cyber will remain an active topic. And we accept this challenge.
Challenges in the cyber domain
The product development work we do with our clients allows us to build strong relationships with clients. Positioning us as a strategic partner is a compelling – and important – aspect of my job.
One area - diverse career opportunities
Career development: Cyber meets insurance in the Munich Re Cyber Pool
Assessing cyber risks requires approaches that go far beyond traditional insurance. From ransomware to DDoS to phishing, it takes IT expertise to understand not only risks themselves but the accumulation risk arising from a single realized cyber risk.
To stay competitive in the field of cyber (re)insurance, Munich Re has launched a global cyber expert programme unique in the insurance market, the Cyber Pool. The induction programme helps experienced IT professionals to acquire an additional qualification in underwriting and grow a career in the risk industry.
The Cyber Pool in a nutshell
The cyber expert pool gave me a remarkable opportunity to get my techie feet wet in the insurance business.