Activities and Services

Munich Re has supported its clients for many years in workers' compensation markets where private participation is allowed.

Along with the ongoing trend towards private participation in social insurance in recent years, a considerable number of countries have transferred or discussed transferring this risk from public to private carriers. The result is substantial business potential for the private insurance industry.

Munich Re offers consultancy and support as a basis for a long-term reinsurance relationship:

Legal questions

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International situation in comparison (system analysis)
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Requirements for licensing in newly privatized workers' compensation markets
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Dialogue with public authorities
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Observation of ongoing trends in civil, social and labour law and in occupational medicine
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Detailed information regarding legislation and insurance regulations internationally

Risk-related questions

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Detailed risk analysis per economic sector/profession
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Detailed information on specific risk factors (e.g. chemical substances, ergonomic conditions)
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Evaluation concerning occupational diseases and related conditions (stress, musculoskeletal)

Prevention

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Advice on efficient risk management techniques and on implementing commensurate standards
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Provision of cooperation partners for special techniques
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Development of prevention techniques and reviews for systems of workplace safety

Insurance benefits

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(Dis)advantages of lump-sum vs. pension benefits
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Detailed information on compulsory, voluntary and add-on benefits

Provision of statistical basis for rating

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Evaluation of national data basis
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Evaluation of statistics provided by our business partners
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Development of long-tail exposure models
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Development of comprehensive models from incomplete data basis

Insurance pricing — Evaluation of different rating techniques

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Calculation basis (earnings, scope of benefits, per capita expenditure)
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Differentiation in respect of industry codes, occupations, size of business units
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Development and integration of "experience rating"