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The storm killed one person and damaged property.
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The loss tracking agency's data has been used on $17bn of reinsurance limit in its 10 year history.
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Global cyber (re)insurance is expected to grow 25-30 percent a year, chairman of Munich Re’s reinsurance committee Torsten Jeworrek said in Monte Carlo.
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The reinsurer announced it is looking at setting up a separate balance sheet to write risk on behalf of third-party investors.
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The typhoon is forecast to make landfall over the eastern outskirts of the Chiba prefecture, southeast of Tokyo, with windspeeds equivalent to a Cat 3 hurricane.
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The Category 1 storm is currently passing by Cape Lookout in North Carolina recording maximum sustained winds of 90mph.
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Karen Clark & Company said Bahamian losses from Hurricane Dorian will reach $7bn including both insured and uninsured damages. -
Widespread data theft from an email provider ranked as the most likely significant loss scenario in a report by the broker and analytics platform.
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The hurricane is forecast to become a post-tropical cyclone with hurricane-force winds as it approaches Nova Scotia late on Saturday.
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Flooding from storm surge remains a risk for the Carolinas.
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The storm’s track was not a worse-case scenario for the islands as it avoided New Providence.
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Hurricane data provider Tropical Storm Risk predicts there is an 85 percent chance of the US mainland being hit by Category 1 hurricane conditions in the next 21 hours.
