Senior executives at Munich Re have warned that the re/insurance industry “might lose relevance” if it doesn’t find ways to meet the growing demand for cyber cover with new products and services.
Speaking at the reinsurer’s 2022 RVS briefing in Monte Carlo this week, CEO of Reinsurance Torsten Jeworrek noted that there is still “strong demand” in the cyber market, despite a lack of available capacity.
He added that Munich Re’s performance in “all years” with cyber has been “very good” and that the sector continues to offer extremely attractive growth prospects.
