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Google Cloud partners with Munich Re and Allianz Global Corporate & Specialty to provide cloud specific cyber insurance

Pitches 'shared fate' scheme as an upgrade to current convention of cloud sec being your problem Share Copy Google and insurance colossi Allianz and Munich Re have teamed on a special insurance policy tailored to the G-Cloud. Named the “Risk Protection Program”, this is not a sign that Google’s cloud needs extra insurance. Instead, the ads and search giant thinks it's found a way to improve your security by sharing information about your practices with the giant insurers. Given that cyber-risk insurance covers losses incurred after a breach or other incident, insurers have every...

03/03/2021 | Press release | Distributed by Public on 03/03/2021 04:40 Allianz Global Corporate & Specialty partners with Google Cloud and Munich Re to provide cyber risk management solution for cloud customers Under Cloud Protection +, clients are offered, subject to underwriting eligibility, a new type of protection against cyber incidents within their own corporate environment as well as incidents related to Google Cloud. Target customers for this solution are US-based Google Cloud users, though this offering may be offered globally at a later date. Companies are increasingly using cloud-b...

The carriers will use Google Cloud’s data to simplify the insurance application and risk assessment process.

Google Cloud, Allianz, and Munich Re teamed up to build a program that aims to reduce risk and potentially cut costs for customers.