Cyber mutual insurer Miris gets Belgian license
21/12/2022 17:03
LONDON, Dec 21 (Reuters) - Cyber mutual insurer Miris
has received an operating license from Belgian regulators and
will start offering insurance from Jan. 1, it said on Wednesday,
as it looks to capitalise on increasing demand for cyber cover
due to rising attacks.
The new insurer has signed up 12 European corporate clients
and is talking to some 40 others about joining, Chief Operating
Officer Mark Pollard said by phone.
Miris will provide additional cover for companies whose
cyber insurance options are scarce and expensive due to mounting
losses, Pollard said.
"The amount of capacity big insurers are offering has been
reducing, premiums are increasing - it's like turning a tap
off."
Global cyber attacks increased by 28% in the third quarter
compared to the same period in 2021, according to software firm
Check Point CHKP.O .
Pollard declined to confirm trade press reports that
Miris' initial members include Airbus AIR.PA , BASF BASF.NS ,
Michelin MICP.PA and Solvay SOLB.BR .
The companies did not immediately respond to requests for
comment.
(Reporting by Carolyn Cohn; Editing by Richard Chang)
((carolyn.cohn@thomsonreuters.com; 44 207 513 4391;))