Munich Re Syndicate in Lloyd's of London has introduced cyber insurance cover for the independent oil and gas sector. The product includes coverage of traditional data breaches, as well as any physical loss or expense that results from a cyber attack. Munich Re will support energy companies' contingency measures as increased automation and integration of data in the sector's operations expose new vulnerabilities, said Munich Re Syndicate, chief underwriting officer at Munich Re Syndicate in London.
Munich Re Syndicate in Lloyd's of London has introduced cyber insurance cover for the independent oil and gas sector. The product includes coverage of traditional data breaches, as well as any physical loss or expense that results from a cyber attack. Munich Re will support energy companies' contingency measures as increased automation and integration of data in the sector's operations expose new vulnerabilities, said Dominick Hoare, chief underwriting officer at Munich Re Syndicate in London.