“We want to do more with our knowledge”

Torsten Jeworrek, member of Munich Re’s Board of Management and Chairman of the Reinsurance Committee

The ever-changing demands of primary insurance and reinsurance, increasingly complex risk scenarios, and emergence of new risks are having a significant impact on the role reinsurers play. In response to these developments, Munich Re deploys its extensive risk knowledge to come up with solutions that help our clients meet the difficult challenges they face in today’s world.

The world of risk is becoming ever more complex. The demands companies face are constantly increasing and require their full attention and a high degree of flexibility on all levels, from corporate strategy, product and marketing policy through to balance-sheet management. Traditional reinsurance alone is no longer enough to cover such a wide spectrum of needs. Against this background, Munich Re sees itself today more than ever as a premium reinsurer, with products, solutions and services that support our clients along the whole value chain. This business model is based on three fundamental pillars: reinsurance, primary insurance and capital market solutions coupled with a comprehensive package of consultancy and service. We are a cost-effective capacity provider and offer risk transfer to the capital market. With our far-reaching knowledge of risks, our high level of expertise and a proven track record in risk management, we are positioning ourselves as an all-round provider in the field of risk assumption and risk transfer and as the first choice for all matters connected with the world of risk. Our special know-how enables us to seek out and develop new and profitable business fields.

We want to achieve sustained profitable growth

Short-term thinking is not the way to attain long-term success. That is why Munich Re aims for growth that is both profitable and sustainable. We do not write risks at just any price; they have to add lasting value for our clients, shareholders and staff. This credo has shaped Munich Re’s history like no other. We have the risk-management knowledge necessary to counter the constant stream of new challenges with solutions that are as dependable as they are profitable.

Local specialists

Successful innovations are usually developed to meet a specific need. Munich Re understands the importance of knowing each client’s special local needs as the fundamental basis for developing and offering them the customised solutions they are looking for. Our specialists on all continents throughout the world ensure our local knowledge is always up to date and accurate. We have a regional presence and an international network – and unique knowledge that can quickly and effectively be translated into ideal solutions for our clients.

The advantage of knowledge

Munich Re systematically hones its knowledge edge and thus constantly improves the quality of its risk assessments. The key to this is the global Munich Re knowledge network. We employ experts from virtually every field of research and pool our knowledge in special centres of competence. Furthermore, we have set up networks with external specialists of leading scientific facilities worldwide. This enables us to identify market trends at an early stage and push back the boundaries of insurability with innovative products. That is our objective.