Markel Group Inc Launches Cyber Insurance Product
Markel Group Inc, a US-based financial institution specializing in specialty insurance products, has introduced a new cyber insurance product. The company aims to address a critical coverage gap in the market with this product.
Product Details
The new cyber insurance product provides coverage for indirect losses arising from an act of war, with a maximum coverage of $5 million per risk. The product targets high-value sectors, including:
- Critical infrastructure
- Technology
- Finance
- Energy
Market Impact
The launch of this product is expected to enhance Markel’s position in the evolving cyber insurance landscape.