Munich Re, a major player in the insurance industry, is set to acquire At-Bay, a cyber insurtech company founded in Israel, for $575 million. According to reports, this purchase is made at less than half of At-Bay's valuation in 2021. The move reflects a trend among insurers to integrate insurance coverage with technology aimed at preventing cyber losses.
Original Source: https://www.calcalistech.com/ctechnews/article/3icwf2pbx