Munich Re fishes in the murky waters of cyber insurance
Policy prices for protection against cyber attacks are falling while the cost of security breaches keeps rising.
The cyber risk insurance market is experiencing falling premiums even as underlying risks increase. Munich Re has acquired US start-up At-Bay for €490 million, which could signal a turning point in the market in favour of insurers. The acquisition gives Munich Re access to strong data capabilities and a new foothold in the US.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
