Munich Re

Cyber Insurance to Hit $16.3 Billion in 2025 as Risks Multiply, Says Munich Re

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Digital World Faces Record-Breaking Cyber Risk Exposure Munich Re’s “Cyber Insurance: Risks and Trends 2025” report projects the cyber insurance market will grow to $16.3 billion by 2025. This growth comes as global cybercrime costs skyrocket, with losses estimated between $1 trillion and $9.5 trillion in 2024 alone. The report, released in April, paints a … Read more

Coalition Buys Prop/Casualty Insurer from Munich Re 

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“The result: Coalition gains a property and casualty insurer licensed in all 50 states. Financial terms of the deal were not disclosed… Shawn Ram, head of Insurance for Coalition, described the advantages to the acquisition of Digital Affect: ‘This strategic move empowers Coalition to expand the reach of our market leading active cyber insurance offering … Read more

Better Late Than Never: Munich Re Tightens Cyber Insurance Policies To Exclude War 

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“Munich Re is planning new wordings in cyber insurance policies to exclude war, to avoid disputes over what is covered, the reinsurer’s top cyber underwriter told Reuters.” Source: Munich Re tightens up cyber insurance policies to exclude war | Reuters

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