Cybercrime causing global economic damage of almost US$10 tn,1% of cyber risks currently insured: Munich Re

Cybercrime causing global economic damage of almost US$10 tn,1% of cyber risks currently insured: Munich Re

by | Oct 16, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

Claudia Strametz, who leads Munich Re’s business for Germany and who is responsible for cyber business in Europe said, “Over the past 10 to 15 years, cyber insurance has experienced remarkable growth, evolving from a virtually non-existent product to a global...
Insurance Development Forum raises $340 million for Infrastructure Resilience Development Fund

Insurance Development Forum raises $340 million for Infrastructure Resilience Development Fund

by | Oct 16, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance

This debt fund will invest in small to medium-sized commercial infrastructure projects in emerging markets and developing economies (EMDEs). It will target a diversified portfolio of resilient infrastructure, including clean water and water management, waste...
Munich Re and New India provide first ever large parametric Pandemic Resilience cover to Mumbai’s biggest mall Phoenix Mills

Munich Re and New India provide first ever large parametric Pandemic Resilience cover to Mumbai’s biggest mall Phoenix Mills

by | Oct 16, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Pandemic, Reinsurance, Risk Management

“Munich Re is supporting these solutions with reinsurance capacity, however due to nature of pandemic risks no insurance balance sheet, not even one as strong as Munich Re’s, can absorb the potential losses alone. To make the consequences of a pandemic/epidemic...