Webinars @ Munich Re

Economy and Sustainability - The world economy in 2023:another year in crisis mode?

_{The world economy remains driven by major uncertainties. Geopolitics, record-high energy prices and supply-chain distortions were jointly responsible for weakening economic growth in 2022 and further rising inflation rates. Insurers and reinsurers not only had to digest higher claims inflation, but had also to deal with volatile financial markets in the wake of sharply rising interest rates.}

_{As none of these drivers is expected to disappear soon, what’s the economic outlook for 2023? This seminar will focus on the global perspectives for economic growth, inflation and interest rates, as well as on relevant risk scenarios – and their important effects for the insurance industry.}

Claims - Claims inflation: Insurers’ way out of despair

_{In recent years and in the past year in particular, increased claims inflation has become one of the top pain points in the insurance market. On top of the everyday claims challenges insurers face, they are looking for ways to effectively mitigate inflationary effects in the claims arena.}

_{In this online seminar, you will get Munich Re’s global overview of primary insurance claims inflation, understand how and to what extent primary insurers are impacted and, most importantly, learn measures to address and tackle those challenges. We will discuss very practical, globally applicable approaches and illustrate them using selected case studies.}

Data Analytics - From technical knowledge to business value

_{Pricing sophistication can greatly improve the quality of your business results. It is therefore crucial to be able to transform this technical sophistication into business value and tangible actions.}

_{This seminar helps you extract the economic value from your technical sophistication and supports you in your decision-making process.}

Casualty - Impact of cyber exposure on motor (re)insurance

_{Today’s vehicles are becoming more and more like computers on wheels. This simplifies driving but also allows for a smoother car experience. Many older vehicles are also connected to the internet – either directly through the vehicle itself or thanks to aftermarket solutions such as telematics devices for fleet management systems. With increasing reliance on data and software, there are now more ways in which a vehicle or an entire fleet can be affected by a cyber incident.}  

_{This seminar looks at different cyber incidents involving vehicles, assesses the relevance for current motor insurance policies and explores how (re)insurers can deal with this topic going forward.} 

Engineering - Introduction to power generation and gas turbines

_{The world of engineering has always been distinguished by stunning innovation and rapid change.}

_{Developments such as digitalisation, new production/construction methods and the increasing size and complexity of projects bring new risks as well as new business opportunities. These developments are fast-moving and require increasing risk-expertise and partnership to keep pace with.}

_{This seminar deals with a variety of risks, from infrastructure schemes and industrial plants to special coverage concepts for projects under construction or in operation. Participants benefit from Munich Re's long-standing and global risk insights and resources.}

Casualty - Inflation and what it means for Casualty underwriting

_{From social inflation to the current “shock” economic inflation caused by recent supply chain disruptions and geopolitical instability – inflation is now frequently in the headlines. Due to the long development tail of our Casualty business, Casualty portfolios are typically more sensitive to inflationary risks – an aspect that is now more important than ever before.}

_{This seminar examines different types of inflation and their impact on Casualty portfolios and underwriting.} 

Engineering - Alternative energies

_{In line with the goals of the Paris Agreement, the installation of renewable energy sources will increase further in the coming decades. Newly added production capacity will mainly come from on- and offshore wind power, but also from solar PV – all of which are significantly more vulnerable to extreme weather events than conventional power plants. Besides, the rapid technological development and launch of new models entail a number of risks which cannot be deduced from historical data.} 

_{This implies new challenges for the insurance industry and requires a thorough risk assessment during the underwriting approach. The webinar provides loss examples combined with recommendations for underwriters when assessing wind or solar PV assets.}  

Cyber - Lessons learned from managing cyber claims

_{Cyber claims handlers should be specialised in understanding cyber policies. At the same time, understanding complex cyber-attacks and the tactics used by threat actors is key for cyber claims management. By applying such a holistic approach, the right conclusions for claims management can be drawn.} 

_{Let’s dig into the key learnings from cyber claims management, and take the opportunity to interact and exchange experiences with our cyber claims specialists.} 

Cyber - Cyber risks and trends – 2023 and beyond

_{While digital interdependencies are increasing, cyber security has become fundamental for every risk owner. The seminar describes how vulnerabilities could be exploited by various cyber threat actors and provides an outlook on the near- and mid-term future of cyber security and the implication on cyber insurance.} 

Casualty - Climate change litigation

_{Climate change litigation is on the rise; in addition to ongoing attempts to establish liability for a company’s direct contribution to climate change, more and more claims are being brought against companies for alleged “greenwashing”. Although liability and coverage is questionable, insurers may have to bear defence costs, and there is a risk of case-law change, too.}

Casualty - Electric vehicles – Developments from the insurer’s perspective

_{In recent years, e-mobility has achieved a breakthrough in many markets around the world. Naturally, motor insurers need to adapt to this shift in vehicle composition. In this talk, we shed light on the key points to consider and share our insights and experience.}

Capital Solutions - Parametric Insurance

_{Natural catastrophes such as hurricanes or earthquakes can cause losses to property that are in some cases not or only partially covered by traditional property insurance policies. At the same time, in our increasingly digitalised world, more digital information, including that from new sensor technologies, is becoming available with regard to geo hazards. As a result, Parametric Insurance is increasingly being used to protect against risks otherwise considered to be uninsurable.}

_{The fact that independent third parties provide data for Parametric Insurance offers the parties involved good transparency and serves to offset potential conflicts of interest. Additionally, Parametric Insurance supports fast and lean claims processes, which makes the concept attractive for insureds and insurers alike.}

Economy & Sustainability - ESG at Munich Re

_{Hardly a day goes by without another news item on climate change or sustainability. In the insurance sector, ESG (Environmental, Social, Governance) related topics have now become a core component decision-making in underwriting and investment. In this seminar we share our approach and illustrate various initiatives Munich Re Group has implemented so far.} 

Casualty - D&O Overview

_{Publicly traded companies and their executives are vulnerable to a number of potential claims arising from decisions and actions taken by them. Any of the claims could potentially endanger the financial health and reputation of the companies. Today’s market environment and current/future trends are key risks for directors and officers.}

_{In this session, we will provide an overview of D&O coverage and discuss ongoing and future trends. We will identify economic trends, both US and global, including stock market volatility, social and economic inflation, supply chain issues, and ESG impacting businesses and their directors and officers in a continually challenging litigation environment.}

Data Analytics - The future of commercial motor underwriting and pricing

_{The availability of data is increasing for commercial motor insurers. We will discuss how to access and leverage new data to enhance the pricing and underwriting processes for commercial motor insurers.}

Cyber - Tackling systemic cyberwar exposure

_{Insurers have needed agility to respond to the rapidly evolving cyber landscape, with a significant focus on systemic risk. Pricing has changed, and requirements for coverage have increased along with the trend towards limiting systemic risk. In the context of these issues, the introduction of robust and future-proof cyberwar exclusion clauses is key.}

_{The war clauses are a great step forward for the insurance industry regarding being able to control accumulation from what in effect is a risk that is uninsurable. The seminar focuses on the content of these clauses (especially on the LMA clauses) and illustrates the balancing effect on insurance books.}

_{The aim is to demonstrate the advantages and pitfalls of cyberwar clauses.}