Navigating the cyber landscape in Asia Pacific
More than fifteen years ago, when others still viewed cyber risks as unknowable – and therefore uninsurable – we were confidently investing in a team of cyber experts with the training and data to understand the trends and anticipate each new risk. Let us be your guide to navigate the obstacles and challenges of the everchanging cyber landscape in our region.
Cyber Insurance is a prevalent topic in Asia, with the market size in the region expected to triple by 2025. Compared to Europe and the US, Cyber Insurance is a comparably new product, and take-up is gaining momentum due to the different stages of development here.
In Asia, Munich Re is offering our Cyber services covering areas such as Commercial or Personal Cyber Re-Insurance, Facultative Insurance, and business development. Having a dedicated regional team in our Singapore hub, together with dedicated local teams throughout Asia, we are set up for your Cyber journey. Our services are well-tailored to each market's respective maturity and go beyond risk transfer.
In developing markets, we focus on co-creation when starting with Cyber as a new line of business. This means comprehensive support in Underwriting setup, Claims setup, Incident response, Wordings, Pricing and more. We can extend further services for developed portfolios ranging from portfolio analysis, market-shaping measures, PML analysis based on accumulation scenarios, or offering new solutions on hot topics.
- Cyber security expertise
- Reinsurance capacity
- Facultative cyber capacity
- Cyber Underwriting and Claims training
- Actuarial Support
- Accumulation consultation
- Risk management portal
- Breach Response service
- Threat Landscape and updates
- Regulatory Information
Our Reinsurance Capabilities
- Full co-creation for commercial cyber and personal lines cyber
- Wording analysis
- Underwriting pricing tool (automated end to end underwriting tool)
- Underwriting training
- Claims training
- Guidance on sales and marketing
- Cyber roadmap
- Risk transfer and treaty structure
- Cyber Strategy and deployment
- Special request for hot topics and trends