Munich Re says cyber, climate change and pandemics are ‘major risks of our time’

Torsten Jeworrek, Munich Re

Munich Re expects claims in the low triple-digit–million euro range from the explosion at Beirut’s port last month and another low triple-digit–million loss from Hurricanes Hanna, Isaias and Laura, with Covid-19-related losses slowing since the end of June. On the wider reinsurance market, Munich Re said Covid-19 is a wake-up call for major threats such as cyberattacks and climate change.…

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