Less risk, more stability

With data breaches and ransomware attacks constantly in the news, organizations are seeking cyber insurance to mitigate the many unknown risks of doing business in the digital age. Awarded 2019 Cyber Reinsurer of the Year by Advisen, Munich Re supports primary insurers looking to enter the growing cyber insurance market or expand their capabilities with customized cyber reinsurance to integrate with your offerings.

Recent years have brought some of the largest and most scrutinized data breaches in history, resulting in billions of records lost, exposed or compromised. As businesses and consumers alike become more aware of the risks associated with cyber attacks, enterprise demand for cyber insurance continues to rise. Munich Re provides insurers with:

• Cyber security expertise
• Reinsurance capacity
• Underwriting
• Claims
• Actuarial
• Risk management portal
• Cyber training
• Post-breach third party access

Munich Re is ready for rising waters with a comprehensive U.S. flood strategy and white-label flood insurance products powered by the latest technology. These products are designed to match home and business owners with the right solutions and help them recover faster. Our flood insurance experts will help you navigate the complexities of flood risk assessment and modeling, as well as state-specific regulatory issues associated with private flood solutions.

Damage to livestock and crops resulting from natural hazards, disease, or other perils is characteristic of the uncertain and volatile risks faced by the agricultural industry. We provide treaty reinsurance to the U.S. agricultural insurance market in the following areas: Equine, Confinements, Livestock Mortality, Animal Transit and Personal & Commercial Farm Operations.

Over 50,000 merchant ships, registered in over 150 nations, transport an estimated 7.7 thousand million tons of cargo annually. With over 90 percent of world trade conducted by the international shipping industry, Ocean Marine reinsurance solutions are more important today than ever before. Our Ocean/Marine unit provides reinsurance for Marine, Hull (Bluewater and Brownwater), Cargo, Liability, Protection & Indemnity, and Offshore Energy liabilities.

In times of economic uncertainty, an increase in claims is an almost certain outcome when principals are unable to meet their financial responsibilities. The increased claims activity can significantly impact an insurer’s ability to meet its own financial obligations. Our Credit & Surety team has the underwriting expertise to help you manage your underlying Trade Credit and Surety & Fidelity exposures to:

Credit

• Trade credit insurance (domestic and export)
• Capital goods credit insurance (domestic and export)
• Consumer credit insurance

 

Surety

• Performance bonds
• Payment bonds
• Maintenance bonds
• Court bonds

 

Fidelity

• Dishonesty, disappearance and distraction
• Computer crime

Arbitrary or discriminatory actions taken by governments, political groups or individuals can have a significant negative impact on a company’s ability to secure the financing and investments crucial to growth and stability. Our political risk specialists work closely with our Credit & Surety team to devise custom coverage to mitigate political risks including:

 

• Confiscation, expropriation, nationalization and deprivation (CEND)
• Political violence including strikes, riots and civil commotion, war, terrorism
• Public buyer payment risk and/or breach of contract/contract repudiation
• Currency inconvertibility, non-transferability and exchange restrictions relating to remittances to foreign parties
• Embargo cancellation and license cancellation
• Export/import restrictions

The impact of increased litigation and rising court awards against business owners and professional service providers can impact your financial stability for many years. Let Munich Re provide the financial reliability and specialized underwriting expertise you need to protect against management and professional liability claims.

Medical Errors and Omissions

• Allied Healthcare Lines
• Hospital Professional
• Medical Malpractice for Physicians and Surgeons
• Nursing Home
• Other medical professional liability lines

Non-Medical Errors and Omissions

• Accountants
• Architects and Engineers
• Law Enforcement Professionals
• Lawyers
• Public Officials
• School Board Legal
• Other professional liability lines

Management

• Crime / Bond
• Employment Practice Liability
• Fiduciary Liability
• Non-Profit D&O
• Private Company D&O
• Public Company D&O
• Other management liability lines