Jewellers' block

Jewellers' block — Many risks, one policy: This highly exposed niche market requires comprehensive specialist knowledge on the part of the reinsurer.

Jewellers' block is a class of business with a broad risk profile. A single policy covers all hazards and risks involved in the diamond and jewellery industry — from the mine to the jeweller's shop. This includes robbery, theft and other losses during transportation and manufacturing but also at events such as exhibitions and trade fairs.

Only a reinsurer with specialist knowledge and experience in this class of business is in a position to assess and accept the many risks involved. Exceptional financial strength is also of vital importance in a field where loss amounts can vary considerably. High demands indeed, which only few providers can meet.

In its more than 30 years of active involvement in this challenging insurance segment, Munich Re has established itself as the undisputed market leader.

Since May 2004 a Centre of Competence has been managing Munich Re's global activities in this field. This CoC focuses on accounts with small and medium-sized sums insured. A team of six specialists in Munich combines and coordinates our entire regional and international know-how and expertise.

Our clients have already come to appreciate and value the advantages of our CoC — a competent business partner, even shorter decisionmaking channels and even better service.