In the interests of our stakeholders, we contribute our knowledge and expertise to the political decision-making process. In doing so, we place an 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. It is then up to the
decision-makers to weigh our concerns against those of the other
parties involved. Thus, the only form of influence is a cogent
argument. 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.
The Public Affairs department is responsible for lobbying on
behalf of Munich Re Group. With staff members in the locations
Munich, Berlin and Brussels, our activities focus on registering
the Group's concerns with governments, national and supranational
authorities and other organisations. In addition, our experts in
the specialist departments play an active role on the committees of
various industry associations, such as the German Insurance
Association (GDV) and Insurance Europe, the European insurance and
reinsurance federation.
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.