{
  "id": 6084302,
  "title": "Reinsurance: \"A major loss event will come - Hannover Re boss calls for higher premiums",
  "url": "https://urgent.news/2026/09/07/ruckversicherung-ein-gro-schadenereignis-wird-kommen-hannover-ruck",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T02:04:10.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/finanzen/banken-versicherungen/versicherer/hannover-rueck-jungsthoefel-fordert-hoehere-praemien-fuer-cyberversicherungen/100247744.html"
  },
  "original_language": "de",
  "account": "Clemens Jungsthöfel, CEO of Hannover Rück, sees potential in cyber reinsurance business, citing increasing demand for coverage of new risks. He warns that a major cyber event, such as a large cloud provider failure or software vulnerability, could cause significant losses. Hannover Rück currently has a cyber reinsurance portfolio with €500 million in premiums. Jungsthöfel calls for more diversification in cyber risk coverage and suggests that parametric coverage and public-private partnerships may be necessary. The company will focus on selective growth in its property and casualty reinsurance business.",
  "summary": "According to the head of the third-largest reinsurer, premiums do not reflect the risks in the cyber sector. Rating agencies also warn of cyber risks.",
  "key_points": [
    "Clemens Jungsthöfel, CEO of Hannover-Rück, predicts a major cyberinsurance event",
    "Premiums may not accurately reflect risks due to digital infrastructure reliance",
    "Hannover-Rück holds 500 million Euro portfolio in cyberinsurance"
  ],
  "editors_take": "Hannover-Rück CEO's warning of an impending major damage event in cyberinsurance business means insurers face pressure to adjust premiums and products to reflect growing risks.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}