Allianz Commercial (AGCS SE) (Allianz SE (Germany))
Cyber Risk Insurance
by Allianz Commercial (AGCS SE)
B2BA+DirectNIS2EU / EEAGerman
Last updated Apr 2026
Product Details§ 01
Max Insurance Limit
Bespoke.
Min Premium / Revenue
Mid-market and large enterprise; no published minimum premium. Bespoke per risk.
Market Focus
Mid-market to large enterprise.
AM Best Rating
A+ (Superior) – AM Best
MGA / Direct
No – Direct insurer.
Policy Language
German / English
NIS2 / DORA Support
NIS2 and DORA compliance advisory included.
War Exclusion
War and nation-state cyber exclusion applied (LMA-aligned).
Geographic Scope
EU / EEA.
Broker Only
No
Advantages & Limitations§ 02
Advantages
- Allianz Cyber Protect (product brand: Allianz Cyber): flexible, modular standalone cyber policy; clear policy wording covering a broad range of first-party and third-party risks.
- First-party: data breach response, BI loss, data recovery, cyber extortion/ransomware, crisis management costs, reputation management.
- Third-party: cyber liability, privacy regulatory defence and fines (GDPR up to €20M or 2% global turnover).
- Allianz Cyber Center of Competence (CoCC): Group-wide coordination of cyber underwriting and risk management.
- Risk review by dedicated cyber risk consultants and underwriters prior to policy inception.
- IT forensics and incident response via AGCS expert partner network.
- Supply chain / contingent BI coverage available: 15% of large cyber claims by value in H1 2025 were supply-chain events (up from 6% in 2024) — Allianz proactively addresses this.
- Allianz Commercial: €18B gross premium globally (2024); cyber claims frequency down 30% and severity down 50% in H1 2025 for large insureds.
Limitations
- Mid-market to large enterprise only; no SME product via AGCS/Allianz Commercial channel.
Contact & Response§ 03
Customer Contact
24/7 Crisis Hotline
Via policy documentation (no single published 24/7 cyber hotline; response team dispatched via breach notification to broker or claims portal)