What the Hack!?
Cyber Solutions from Munich Re for industrial clients
Cyber insurance solutions specifically tailored to the needs of companies in the entire value-chain
The growing use of information technology (IT) in society and industry has major repercussions for everyday life. Increasingly sophisticated methods of collecting, processing and storing data are not only changing our working lives and social contacts, but also establishing new parameters for industry, trade, traffic and transport, as well as for the supply of energy and raw materials.
Cyber solutions for industrial clients
As the world’s leading primary-, excess- and reinsurer of cyber risks, Munich Re offers cyber covers for industrial clients with high cover limits. Our modular cyber solutions for industrial clients range from traditional covers for data security breaches, to cost coverage for ransom payments for cyber extortion, to business interruption cover, including assumption of forensics costs.
Depending on our clients’ respective risk profiles, we integrate innovative concepts such as coverage for reputational damage, 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 the risk transfer needs of our customers.