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 Swiss Re , Amer Ahmed . As the firm takes on additional cyber risks it will begin to assess what reinsurance is needed to meet specific exposures , Ahmed said . “ It is an ever - increasing issue , 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 competition in an otherwise soft market .
Allianz is looking at buying additional cyber reinsurance policies , according to the CEO of Swiss Re , Amer Ahmed . As the firm takes on additional cyber risks it will begin to assess what reinsurance is needed to meet specific exposures , Ahmed said . “ It is an ever - increasing issue , 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 competition in an otherwise soft market .