Catharina Richter to lead Allianz Cyber Center of Competence
The Cyber Center of Competence coordinates and steers cyber risk underwriting and governance across Allianz Group.
Dr. Catharina Richter will be appointed global head of Cyber Center of Competence (CoC) for Allianz Group, effective June 1. Richter joins from Allianz SE, where she is currently head of digital regulation, responsible for developing a regulatory strategy for digitalization on behalf of Allianz Group and shaping the regulatory and supervisory debate in the field of cyber.
The Cyber Center of Competence coordinates and steers cyber risk underwriting and governance across Allianz Group and is embedded into Allianz Global Corporate & Specialty (AGCS), the corporate insurance specialist of Allianz Group and longstanding provider of IT and cyber insurance solutions to businesses.
The Allianz Cyber CoC was established in 2018 and focuses on Group-wide coordination and alignment of cyber exposures and insurance in the commercial insurance segment. Recent focus areas include the development of a new underwriting approach to clarify cyber exposures (“silent cyber”) across commercial property & casualty policies, product governance and harmonization through a cyber master wording and the establishment of a global service provider network for Allianz cyber policyholders.
“Cyber is the top global business risk in the Allianz Risk Barometer 2020 and a significant opportunity for insurance, but at the same time it also requires central governance, steering and control to realize sustainable growth. I am delighted that someone of Catharina’s background and ability will now take the Cyber Center of Competence to the next stage,” AGCS Chief Underwriting Officer Corporate Thomas Sepp said in a statement.
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