Cyber Insurance

Our Cyber team insure both the users and the providers of information technology via their Cyber and Technology PI products. The combined experience and knowledge of our specialists enables Munich Re Syndicate to provide relevant products to a variety of industry sectors that include traditional purchasers of cyber insurance as well as emerging cyber and technology risks. 

Coverage is available on a primary or excess basis.

The three core products we can offer coverage for:

• First and Third Party Cyber Risk Insurance (non-physical damage)
• Property damage caused by cyber attacks
• Professional Indemnity Insurance for technology companies

The growing team is based in London and can assist clients with their business across the world via Lloyd’s licensing rights.

• Data and Computer System Recovery
• IT Forensics and Incident Management
• Cyber Extortion Costs
• Business Interruption
• Data, Privacy and Network Security Liability

• Regulatory and Defence Costs
• Multimedia Liability
• Technology Errors & Omissions
• Property damage caused by cyber attacks

Stream is a Lloyd’s Consortium created to cater for cyber risks within the Energy industry and can provide up to USD 215m of capacity.

Stream provides companies with ‘back-to-back’ coverage against the cyber exclusions contained within their property placements alongside a comprehensive suite of traditional cyber coverage tailored to the industry. There is a single point for binding risks and claims handling which is agreed by Munich Re Syndicate on behalf of the Consortium. 

• Property damage cyber exclusion buyback
• Data and Computer System Recovery
• IT Forensics and Incident Management
• Cyber Extortion Costs
• Business Interruption

• Data, Privacy and Network Security Liability
• Regulatory and Defence Costs
• Multimedia Liability
• Additional coverage extension/endorsement available