Friday, 1 June marked the official start of the next hurricane season. We have thus taken this opportunity to offer our perspective on the role of insurance in natural hazard risks, and give our predictions for the upcoming storm season.
June will mark the fifth anniversary of the historic floods of 2013 that caused around €10bn worth of damage in Bavaria, Saxony and Saxony-Anhalt, as well as in neighbouring countries.
Munich Re achieves a high profit of €827m in the first quarter of 2018. The good result was mainly influenced by low major losses in property-casualty reinsurance and a good performance of its underwriting business.
Insurance solutions for industrial firms and corporate clients
Complex, financially sophisticated projects require tailored protection. Through its Risk Solutions service, Munich Re offers customised solutions for corporate clients and industrial firms.
This publication is available exclusively to Munich Re clients. Please contact your Client Manager.
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