Munich Re has selected CyberCube’s cyber insurance analytics platform to control cyber accumulation risk, it has been announced. Munich Re is considered the market leader in the cyber reinsurance market.
A severe cyber event has the potential to impact thousands of organisations simultaneously, and the accumulation of liabilities across multiple insured portfolios could cause substantial losses, CyberCube said. The company’s risk-modelling platform lets reinsurers strengthen their accumulation risk management and exposure management.
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