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Munich Re is moving to exclude war from its cyber policies. With S&P Global last week saying that insurance losses from the Ukraine conflict could total $35 billion, with cyber one of the classes of insurance most exposed. Following reports that AIGÂ (AIG.N), one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine. (https://lnkd.in/drFga2MZ)
Cyber is a NATO domain of operation and a capability that unlike the conventional kinetic domains, can impact jurisdiction far from a physical battlefield. Excluding War may impact companies far from the war zone, reducing the coverage they expect, pushing firms to adopt cybersecurity risk management practices to redress the risk exposure.
Ted Dziekanowski
#insurance #cyberinsurance #cybersecurity #cyberrisk
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