Munich Re Specialty Insurance

Cyber Suite Cyber and security coverage for public and nonprofit organizations

Alternative Market

In today’s digitally interconnected world, every organization relies on networked computer systems and internet connectivity for business. Many entities hold personal information of individuals, whether it is their customers or their employees. Cyber criminals can attack this data without warning and significant out-of-pocket recovery costs and organizational downtime can be devastating.

Cyber Suite goes beyond cyber insuranceTo help manage these digital risks, Munich Re offers Cyber Suite, a comprehensive cyber insurance solution designed to help public and nonprofit organizations respond to a full range of cyber incidents. Breach of personal information, threat of unauthorized intrusion into or interference with computer systems, damage to data and systems from a computer attack, and cyber-related litigation are all covered.

For more information about insuranceproducts and services, contact:Lauren Tredinnick, CPCUVice PresidentMunich Re Specialty Insurance Tel.: +1 (609) 452-3181 ltred@munichreamerica.com

5thRank for cyber as

“most important risk” to U.S. firms1

$2.6bStolen, lost or

exposed records in 20172

72%Cyber attacks

occurred in SMEs3

41%Cyber losses

stem from malicious breach5

$4.1bProject size for standalone

U.S. commercial cyber liability market by 20206

$349kAverage

cost of breach in 20174

Sources1. AON Inpoint: “Global Cyber Market Overview”, June 20172. https://blog.gemalto.com/security/2018/04/13/data-breach-stats-for-2017-full-year-results-are-in/, April 20183. “IBISWorld Industry Report: Cyber Liability in the US”, May 20164. https://netdiligence.com/wp-content/uploads/2017/11/NetDiligence_2017CyberClaimsStudy_Infographic_v1.1.pdf, April 2018 5. https://www.advisenltd.com/wp-content/uploads/2017/04/2018-advisen-cyber-guide.pdf6. Verisk: “Sizing the Standalone Commercial Cyber Insurance Market”, February 2018

Munich Re Specialty Insurance (MRSI) is a description for the insurance business operations of affiliated companies in the Munich Re (Group) that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. Products and services are underwritten and provided by American Alternative Insurance Corporation and Princeton Excess & Surplus Lines Insurance Company, affiliates of Munich Reinsurance America, Inc., which itself may provide reinsurance products and services. Not all products and services are available in all states, and terms and conditions of coverage may vary by state. Certain products may be underwritten by a surplus lines insurer and thus are only available through a licensed surplus lines broker. The information contained herein is intended for surplus lines brokers and producers. It also is intended as general information only and does not constitute an offer to sell or a solicitation of (re)insurance. Each company is financially responsible only for its own products and services.

© Copyright 2019 Munich Reinsurance America, Inc. All rights reserved.

Printed May 2019

Limits and deductiblesEligibilityMost organizations are eligible for Cyber Suite. Certain limit options require completion of an insured questionnaire to determine limit eligibility.

Excluded classesFinancial institutions, adult business, gambling or gaming, credit card or financial transaction processing, hospitals, credit reporting agencies, collection agents, information/data brokers.

Limit classesData processors, IT outsourcing companies.

LimitsCyber Suite is subject to an aggregate limit. Limits range from $100,000 up to $1,000,000. Sublimits for certain coverages may also apply.

DeductiblesRange from $1,000 up to $10,000 per occurrence, depending on the limit option selected.

Underwriting specificationsNo separate application needed for most quotes.

Additional serviceseRiskHub® accessA risk management portal designed to help organizations prepare and respond effectively to data breach and cyber-attacks.

TechQ accessOffering free computer diagnostics by phone and competitive rates for virus removal, technical assistance, and related digital security services.

Toll-free helplineTo educate the insured about cyber extortion, data breaches and identity theft.

Cyber Suite coverage highlights

First party coverage:– Data compromise response

expenses– Computer attacks– Cyber extortion– Data compromise liability– Network security liability– Electronic media liability– Identity recovery– Case management services

and financial resources to assist with: – Recovering identities

after theft – Infringed copyright or trademarks – Defamed person or

organization – Violated person’s right to privacy

Third-party coverage:– Breach of personal information – System security failure causing

third party damage– Copyright or trademark

infringement– Defamed person or organization– Violated person’s right to privacy