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Munich Re (Group) – Portrait
Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation.
Munich Re stands for exceptional solution-based
expertise, consistent risk management, financial stability and
client proximity. In the financial year 2017, one of the most
loss-affected years in the history of the company, Munich Re
(Group) achieved a profit of €392m on
premium income of €49.1bn. It operates in
all lines of insurance, with more than 42,000 employees throughout
the world.
Reinsurance
With premium income of €31.6bn from
reinsurance alone, Munich Re is one of the world's leading
reinsurers. We offer a full range of products, from traditional
reinsurance to innovative solutions for risk assumption. Especially
when clients require solutions for complex risks, Munich Re is a
much sought-after business partner. Our roughly 12,000 staff in
reinsurance possess unique global and local knowledge. Munich Re
attaches great importance to its client service, which regularly
receives top ratings.
Primary insurance
Our primary insurance operations are mainly concentrated in the
ERGO Group AG. Worldwide, the Group is represented in over 30
countries and concentrates on Europe and Asia. ERGO offers a
comprehensive spectrum of insurance, provision and services. In
Germany, ERGO Versicherung AG is one of
Germany’s largest providers of property and
legal protection insurance. As a specialist in
capital-market-oriented insurance, ERGO Vorsorge Lebensversicherung
AG is shaping change in the area of private provision and biometric
risk products. About 42,000 people work for the Group, either as
salaried employees or as full-time self-employed sales
representatives. In 2017, ERGO recorded a premium income of
€19.0bn.
Asset management
The Group’s worldwide assets of
€217.6bn are managed by MEAG. The quality of
our asset management proved its worth during the recent financial
crisis, which Munich Re weathered with continued financial
strength.
In addition, MEAG also offers its expertise to private and
institutional clients. The volume of assets under management
amounts to a total of €15.9bn.
Always the right fit
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