Fragmentation of German cyber policies risks coverage gaps

In common with many jurisdictions, cyber insurance is one of the topics that is currently widely discussed in the German market. Premium income from cyber insurance cover is predicted to increase from €90 million today to €20 billion in 2036, according to a recently study by KPMG. Against that background, it may be instructive to consider the nature of the coverage available in the German cyber market. At first sight, it seems to be quite uniform: third-party liability damage and first-party losses arising from IT security breaches.