Allianz is pondering whether it should buy more cyber coverage, Amer Ahmed, CEO of Allianz Re, which handles the insurer’s reinsurance buying programme, told Monte Carlo Today.
Allianz is looking at buying additional cyber reinsurance policies, according to the CEO of Allianz Re, Amer Ahmed. The company has been working with a number of insurers and banks on its cybersecurity strategy, which includes offering more protection for customers in case of an attack. “It is an ever-growing exposure, which is beginning to be better understood by everybody in the chain,” he added. As an increasing number of cyber threats and attacks come to light, enterprises are demanding more protection and the area is seen as a source of growth in an otherwise soft market.