Munich Re Cyber Insurance (Primary
F&C)
Munich Re Cyber Insurance (Primary / F&C) is a cyber insurance product underwritten by Munich Re Australia (New Reinsurance Company Ltd.) (Munich Re (Germany)), available in Australia. It is aimed at large enterprises. Coverage limits reach up to Up to USD/EUR 50M primary capacity per risk.. The policy extends beyond standard cyber liability with Tech E&O combined and GenAI coverage. Policyholders get 4 bundled proactive services — Vulnerability scanning, Training & awareness, Pre-breach advisory and Crisis management — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of A+ (Superior) – AM Best. It can be approached directly through the provider.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- Up to USD/EUR 50M primary capacity per risk (F&C / direct for large corporates; revenue >USD/EUR 500M focus).
- Cloud Protection+: specialized product for Google Cloud customers (up to USD 50M).
- aiSure™: coverage for AI solution performance gaps.
- Stream: back-to-back cyber coverage filling gaps from property cyber exclusions (Consortium product).
- Global market leader in cyber reinsurance; >$1B global direct premiums written.
- In-depth accumulation modelling and systemic risk expertise.
- Cyber & Tech combined product for users and providers of IT.
- Pre-breach: complimentary services – cyber training, legal/tech consulting, risk surface monitoring, tabletop exercises (Reflex Cyber Risk Management).
Limitations
- Direct/F&C primary: revenue typically >USD/EUR 500M. Bespoke per risk.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Munich Re Cyber Insurance (Primary / F&C) designed for?
Munich Re Cyber Insurance (Primary / F&C) by Munich Re Australia (New Reinsurance Company Ltd.) targets large enterprises in Australia. Geographic scope: Asia Pacific..
+What proactive security services are included with Munich Re Cyber Insurance (Primary / F&C)?
The policy bundles 4 proactive services: Vulnerability scanning, Training & awareness, Pre-breach advisory and Crisis management. These preventive services are typically included in the premium.
+Does Munich Re Cyber Insurance (Primary / F&C) help with NIS2 or DORA compliance?
Munich Re Australia (New Reinsurance Company Ltd.) indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Munich Re Cyber Insurance (Primary / F&C) in Australia?
You can approach Munich Re Australia (New Reinsurance Company Ltd.) directly (https://www.munichre.com/en/solutions/for-industry-clients/cyber-solutions-for-industry-clients.html Mark Sweeney (Underwriting Manager Cyber Corporate, Europe and Rest of the World) +49 89 3891-1540 msweeney@munichre.com) or via the provider's website. Compare it with alternatives in Australia on Ryskly first.