A workers' compensation system can only be successful in the
long term if it is optimally tailored to the parameters of the
market and continuously monitored and adjusted. To adapt systems to
suit the various market situations, Munich Re builds on its
long-standing experience and international network, keeping abreast
of developments in the international market. We take into account
both current and future challenges, including muscular and skeletal
diseases, mental illnesses, obesity and demographic change. In
publications, symposiums and direct exchanges, we regularly provide
our clients with information about the current market situation and
other challenges, enabling them to respond in good time to
foreseeable changes in claims development. In addition, Munich Re
offers important information on effective risk management.
If fundamental changes to an existing system are required
– for instance new pricing or
incentivisation – we carry out evaluations
and make recommendations. When new cover concepts are introduced,
we deliver figures and statistics from comparable markets, thereby
enhancing our clients' planning certainty. Given the long claims
run-off and high long-tail exposure involved in the business, we
advise our clients on the right reserving strategy. We also
evaluate different financing methods and clarify national legal
issues.