Reinsurance News

CyRisk confirms participation in Munich Re Specialty’s cyber risk management program

21st August 2023 - Author: Jack Willard -

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CyRisk, a cyber management and data analytics firm has officially announced its participation in Munich Re Specialty’s Reflex Cyber Risk Management program.

In the first quarter of 2023, Munich Re Specialty Insurance launched its proactive cyber risk management program offering complementary risk control services for its US insureds with CyRisk’s team of cybersecurity experts, delivering adaptive cyber risk advisory solutions.

According to CyRisk, their virtual CISO advisory service offering under the program includes two 90 minute consultations with CyRisk’s experienced consultants that ranges from security and vulnerability program management and incident response preparedness to privacy and regulatory guidance.

Maria Long, Assistant Vice President and Cyber and Risk Management Portfolio Leader for Munich Re Specialty, said: “We are delighted to be able to connect our policyholders with the team of experts at CyRisk.

“We developed this program to allow our insureds a confidential setting to improve their cyber maturity with such trusted partners. Investing in our insureds’ cyber maturity is a win-win.”

Ben Goodman, CEO and Founder of CyRisk, commented on the company’s participation: “CyRisk is extremely excited to work with Munich Re Specialty on this innovative offering that allows policyholders to address the specific challenges they face in building and maintaining their cybersecurity programs.

“Our team of experienced cybersecurity professionals work every day with organizations of all sizes, industries, technology stacks, and at all stages of cybersecurity maturity, so we understand what they’re up against. Whether it’s questions about selecting or implementing security controls, prioritizing risk mitigation activities, budgeting, reporting out to leadership, resource planning, policies, and procedures, or building a workable disaster recovery plan, our team is ready to assist.

“Our virtual advisory services will help Munich Re Specialty policyholders to overcome their challenges and strengthen their cyber resiliency across their organizations.”