Internet of Things
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Internet of Things

The future of how companies develop IoT business models

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At Munich Re, IoT experts come together and take on a multitude of roles with a single goal in mind: to build ground-breaking IoT solutions.

Shaping tomorrow´s world

Connecting physical and virtual objects and letting them work together through modern IT - what sounds like science fiction has long since become reality. Systems equipped with sensors support people in their everyday lives and at work. Additionally, they support network systems independent of people. Munich Re's IoT experts are helping to transform existing business models into this innovative concept. They contribute to the modern IoT landscape with a deep understanding of risk transfer and profound experience in developing digital business models.

IoT experts need expertise, imagination & courage

Our IoT experts are promoting Munich Re in various projects.

Entrepreneurship & Expertise

At Munich Re, hardware and software engineers, data scientists, business and software architects, designers, economists and technical experts come together to build IoT operations that take IoT business models to the next level - from manufacturing to finance. They use Munich Re's global ecosystem of business units, technology companies, startups and security providers. Their goal: to help insurers and industry partners realize and future-proof smart products and services that are vulnerable to disruption.
Elena
© Myrzik & Jarisch
Working on IoT projects at Munich Re is quite different from what you might expect. Less than five percent of what I do deals with actual insurance topics.
Elena
Munich Re Germany, Munich
Project Manager, IoT Finance Business Development

Apply now!

You are an expert passionate about your field and curious to explore new horizons. As a team player with excellent communication skills you thrive in diverse settings. You are all of this and more?

What we look for in IoT experts

Thrives in dynamic environments with a level of uncertainty
Entrepreneurial drive and excellent communication skills
A quick mind and focus on the essentials
Creative and solution-oriented

Current topics in the field of the Internet of Things

Together with Munich Re, Maschinenfabrik Reinhausen has developed a new type of service based on the Internet of Things. It makes it possible to monitor the operating status of transformers in real time and without interruption and thereby initiate necessary maintenance in a timely manner. The specialty here is that Munich Re covers the risk of a transformer failing despite constant monitoring. 
More and more places are using sensors that transmit measurement data to IoT platforms, taking IT security into account. There, the information is evaluated in real time, usually in order to immediately identify any need for action and to be able to react at an early stage. This is a concept that has enormous potential for loss prevention. A pilot project by Munich Re and VHV Versicherungen demonstrated this.
There is a general consensus that many business models in the insurance industry are not fit for the long term, or are already outdated. This is due to the continuing low interest rates, volatile customer requirements and rapid advances in digitisation. However, digitisation is also creating a range of opportunities for insurers, the potential of which practically only has to be tapped. A successful project at HSB illustrates what a solution based on digital technology offering both insurers and customers potential for savings could look like. Sensors detect damage at an early stage, thereby helping to confine it significantly.
Professional experts take IoT business models to the next level
© Myrzik & Jarisch
Professional experts take IoT business models to the next level

One area - diverse career opportunities

As an expert in the field of IoT, you will not only pursue ambitious goals for our clients' business fields at Munich Re, but also shape your individual career path actively. We are happy to support your journey and offer you a wide range of options in all specialist areas relevant to the IoT landscape in business units around the world. 

Would you like to learn more about this dynamic world?

IoT experts at Munich Re bring an in depth understanding of risk transfer and substantial experience in developing digital business models to the IoT landscape.

Meet IoT experts at Munich Re

Jan
© Myrzik & Jarisch
Our projects are steeped in cutting-edge technology. The solutions we build not only minimise risks and offer actionable insights but can prevent incidents from occurring in the first place. We are not just building a tool to manage risk exposure – we are making the world a safer place.
Jan
Munich Re Germany, Munich
Senior Project Manager, IoT Product Development

Challenges in the area of Internet of Things

With the helo of your subject-specific expertise, you help our customers reduce the downside risk of their IoT business idea and bring it to market maturity. Your work is strongly shaped by a young and creative start-up atmosphere. You develop use cases and consult on the development of data-based products.
The goal of your work is to reduce the business risks of our clients from the insurance industry in the SME market and to integrate existing business models into the innovative IoT landscape. For example, you will put together hardware and software such as data analytics, back-end processes, alerting and monitoring that make it possible to reduce complexities in the area of underwriting IoT risks.

Apply now!

You are an expert passionate about your field and curious to explore new horizons. As a team player with excellent communication skills you thrive in diverse settings. You are all of this and more?