Navigating safely with
Munich Re Cyber Solutions
Cyber insurance solutions for large corporates and industrial clients
Meet the future with confidence
Opportunity and risks are both expanding exponentially. As our ability to digitally share more, do more, and discover more grows, so does the exposure to cyber crime. When a cyber event occurs, companies must have the post-incident services in place to quickly take action.
Enter Munich Re. Not only do we have the complete cyber solutions to ensure your operations are returned to normal with maximum speed and minimal cost, but our holistic approach allows us to tailor plans to your organization’s specific needs.
With Munich Re behind you, you can have the freedom to take bold steps and seize every opportunity to grow your business.
According to the global Munich Re Cyber Survey 2021, the majority of business leaders is concerned about cyber risks, but too many are unaware of the holistic solutions available to secure them from risks and losses.
Companies present open doors to cyber criminals as they try to keep up with accelerated digitisation
Bespoke cyber solutions for our clients
As the world’s leading primary-, excess- and reinsurer of cyber risks, Munich Re offers cyber covers for our industrial clients with significant limits. Our modular cyber solutions range from traditional covers for data security breaches and cost coverage for ransom payments in case of cyber extortion, to business interruption covers due to physical cyber damage or any operational disruption, including forensics costs. Because all these risks hold serious loss potential for companies with complex, and therefore vulnerable, IT environments.
Depending on our clients’ respective risk profiles, we integrate innovative concepts such as coverage for reputational damage, the protection for personal and material damage, and contract penalties or guarantee payments, if triggered by a cyber event. In short, Munich Re can assume all material risks - individually customised and tailor-made to your risk transfer needs.
In a nutshell – our tailored products and services:
- Business interruption coverage, including forensic costs
- Cyber crime and cyber extortion coverage
- Reputational harm and media liability coverage
- Digital asset damage and hardware replacement costs coverage
- Technology, network security, and privacy liability coverage
- Regulatory and PCI DSS liability coverage
- We maintain a global network of preferred service providers for pre- and post-incident responses
- Breach incident management
Our unique approach
Companies face constant challenges from an ever-increasing variety of interrelated digital risks. The pre-packaged solutions available today offer few options for customisation, and providers with limited financial capacity are unable to meet the needs of companies that are exposed to intangible computer-related risks, irrespective of their business sectors and activities.
Since the exposure depends on many different factors, each risk situation needs to be assessed in a highly individual manner.
3. You are striving for a fine balance between measures that tighten your IT security, and the financial impact of cyber attacks.
Since we structure your personalised cover and policy together, with each component of the coverage representing a piece of the puzzle, we take your entire IT environment and security measures into account.
With our products, risk assessment is always performed by specialist IT consulting firms that meet the highest quality requirements. By embarking on these assessments in collaboration with Munich Re and our partners, you will receive an unbiased, outside analysis of your IT security governance and continuity rules.
We focus on critical cyber events and scenarios that can threaten your company's ability to conduct its business.
Together with external IT consultants, we can perform an in-depth risk analysis, allowing you to understand the full extent of your digital risks and the full range of options for mitigating them. Consequently, we can find the perfect balance between your technical risk mitigation costs and insurance premiums.