With the massive recourse to teleworking, Munich Re [4] forecasts a significant growth in cyber-insurance [5]. The group expects the industry’s premium volume to grow from 7 billion EUR (8.3 billion USD) in 2020 to 17.1 billion EUR (20.3 billion USD) by 2025.
The German reinsurer is betting on maintaining its 10% share of the global cyber risk market. In addition, a tariff increase is highly possible according to the company.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fmunich-re-forecasts-strong-cyber-insurance-growth&text=Munich+Re+forecasts+strong+cyber-insurance+growth
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fmunich-re-forecasts-strong-cyber-insurance-growth&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/covid-19-renewed-concern-among-insurers
[4] https://www.atlas-mag.net/en/article/munich-re-0
[5] https://www.atlas-mag.net/en/article/the-cyber-insurance-market-in-2019