When an insurer takes on big risks—whether it’s covering homes, cars, or health care—it often turns to reinsurers like Munich Re Group to help absorb the cost of catastrophic losses caused by disasters.
As one of the largest reinsurance companies in the world, Munich Re Group operates through three brands. Munich Re handles the reinsurance side of the business, ERGO sells direct insurance to businesses and individuals, and MEAG manages the investment assets of both Munich RE and ERGO. Together, they form a global powerhouse in risk management.
Over time, however, that global scale came with a challenge: the company’s cybersecurity services weren’t keeping pace with Munich’s size and complexity. The business units within each brand had their own IT and security departments, operating on their own networks. Many of these units had come through acquisitions, so they were set up differently from the start.
This patchwork structure made it difficult to manage security effectively across the organization. Security teams, though highly skilled, were dispersed around the globe and working in silos with different tools, processes, and maturity levels.
