Munich Re & Hewlett-Packard partner on cyber security
Reinsurer Munich Re and US technology company Hewlett-Packard (HP) have joined forces to offer comprehensive protection against cyber risks.
Munich Re will work with HP and other selected technology partners to “understand and assess the specific digital risks of major companies as precisely as possible”.
"By having an outstanding partner for information security we can offer our clients much, much more than just insurance,” said Nils Diekmann, underwriter for cyber risks at Munich Re. "Optimal protection for our clients requires the right balance of IT security measures and a cyber insurance solution."
HP's principle contribution is its technical and organisational expertise in risk identification, measures for risk minimisation and forensic investigation in the event of a claim, said Munich Re.
The reinsurer will develop a customised insurance solution, based on a modular approach which affords financial support for the company's own losses or third party losses after data theft.
Jürgen Seiter, regional sales director of HP enterprise security services, added: "The modular approach of Munich Re is an ideal fit with our security services which create an individualised map of the specific risk profile of our customers. By using the combination of our services and Munich Re's insurance cover, our customers achieve the greatest possible protection against cyber risks.”
