Transparent lobbying activities
In the interests of our stakeholders, we contribute our knowledge and expertise to the political decision-making process. In doing so, we place the emphasis on fairness and transparency.
Unlike the laws of nature, making regulations is a job for people, and is subject to different values and perspectives. In order to draw up new legislative texts, the government constantly draws on the knowledge, experience and assessments of those affected to allow it to reach balanced and appropriate decisions. This may take the form of hearings and consultations, as well as individual discussions.
In the interests of our clients, employees and shareholders, we participate in the political decision-making process. We focus on topic areas that affect our Group and our stakeholders, and in which we possess a level of expertise. With many Munich Re concerns, the corporate interest matches the general societal interest, for example in the areas of climate protection and data security, or with investments in infrastructure. In 2018, our main focus was on the following topics:
The Public Affairs department is responsible for the lobbying of governments, national and supranational authorities, associations and other organisations by Munich Re (Group). We are also active in industry organisations, including the German Insurance Association (GDV), the Geneva Association, the European Insurance Chief Financial Officers (CFO) Forum, the Chief Risk Officers (CRO) Forum, the Reinsurance Advisory Board (RAB) of Insurance Europe, as well as the Pan European Insurance Forum (PEIF).
Munich Re attaches importance to ensuring its lobbying activities are transparent. We therefore provide details to the Transparency Register of the European Parliament and the European Commission on focal points, memberships and the cost of our lobbying activities.
GRI: G4-23; G4-58