IMPROVEX™

Data-driven excellence for your portfolio

Improve through exchange

IMPROVEX is Munich Re’s innovative data-pooling platform with a unique approach to boost selected insurance clients’ profitability in a challenging industrial risks environment. As one of the world’s leading reinsurers, Munich Re combines its own and participating clients’ exposure and claims data in a comprehensive database. This is enhanced with Munich Re’s well-known actuarial know-how and advanced data analytics to create unrivalled market insights.

Clients benefit from exclusive access to incisive empirical market analyses and a pricing engine. IMPROVEX can help clients permanently improve their underwriting and growth strategy, as well as their pricing accuracy, thus strengthening their competitive position and opening up new opportunities for attractive business potential.

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Your benefits at a glance

Growth opportunities

IMPROVEX strengthens your competitive position and opens up new possibilities for identifying attractive business potentials. Expand your competitive advantage and differentiate yourself from your peers.

Higher profits

You can identify hidden business potentials to grow profitably, sharpen your pricing tools and refine your underwriting strategies. By using IMPROVEX products, you can also realise a positive bottom-line effect in your original portfolio.

Solve lack of data

You receive defined insights from an unrivalled, quality-assured database which offers incredible added value. Instead of intuitive factors, you can use our empirical ILF curves for your underwriting.

The products for your success

Individual risk assessment and portfolio management can only work reliably if they are carried out on the basis of a significantly large data base. But this is precisely what primary insurers often lack. This is where IMPROVEX, Munich Re’s exclusive data pool, comes into play. It summarises claims and policy data from a range of partners and from Munich Re.

Pricing Engine

The Pricing Engine allows your actuaries and underwriters to

benchmark their own layer net pricing assumptions versus pool data results
challenge their own pricing approach by having full transparency about Munich Re’s actuarial assumptions
have access to sharp and up-to-date ILF curves to improve both pricing accuracy and competitiveness

Heat Map

The Heat Map allows you to

benchmark ULR developments and identify attractive new business options
challenge and improve your own underwriting, attachment point and growth strategy
access robust data to tackle your own white spots and identify surprises compared to gut feeling

IMPROVEX heat map compare level 1 without_risks

Benchmark Heat Map

The Benchmark Heat Map allows you to

get an overview of the distribution of your portfolio
collect valuable information for your portfolio management
obtain performance benchmarks between you and your peers

Frequency Analysis

The Frequency Analysis allows your underwriters to

identify frequency trends
visualise the long-tail effects of IBNRs on the loss frequency
show market cycles

Interested to learn more?

Feel free to reach out to us or listen to our latest podcast in which Paul Lawrence, CUO of Hiscox, discusses his experience with Munich Re’s innovative data-pooling platform IMPROVEX™.

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Data pools

We currently have the following four data pools as opt-in modules for our clients:

US Excess Casualty

Fortune 2000 risks written in London and Bermuda markets

Commercial Germany

Commercial Liability Germany – Capturing Germany-based entities with small to medium annual revenue

Directors and Officers Liability

Differentiating between US Public Company D&O and International D&O

Non-US Industrial Liability

Large non-US-domiciled corporations with an annual turnover in excess of €500m

Developments into further lines of business planned.

What else you should know

Antitrust

We apply highest standards to comply with antitrust laws.

Data protection

IMPROVEX does not involve the exchange of personal data. However, a specific document "Agreement on Data Processing" is provided to client just in case in order to be on the safe side, transparent and comply with any data protection requirements.

Data transfer

Secure data transfer by Dropbox integrated in web application (incl. 2-factor authentication).

Data storage

Cloud solution in MR-controlled environment within Europe.