HANNOVER RE
companies worldwide . Hannover Re recently launched an unprecedented solution with their ecosystem partner Riskwolf to insure internet outages via an index , 1st for consumers .
A growing number of countries have enshrined access to high-speed internet as a fundamental right . “ Outages are well documented and nothing is currently being done about it ,” says Roudaut . He points out that while insurance can ’ t fix a network failure , end users can at least receive an indemnity for it . “ Together with Riskwolf , Hannover Re is working towards further outage insurance iterations for the digital economy and SMEs .” The goal is to deliver solutions to direct distributors that help them fulfill their strategy , be it market differentiation , retention , growing some market segment , building trust with their merchants and clients , or becoming more environmentally friendly .
“ We do not position our solutions as a source of ancillary revenue . Rather , they are core to fulfilling the strategy of our clients , those who are the product distributor .”
196 November 2021