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Smart Thinking Consulting Management (Shanghai) Company Limited

Munich Re China Innovation R&D Center

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    About Smart Thinking Consulting Management (Shanghai) Company Limited

    SiTao, Smart Thinking Consulting Management(Shanghai) Company Limited, is a subsidiary of Munich Re and drives insurance innovation in the Greater Chinese market. Our unique local setup fosters agility in responding to market dynamics and trends, which helps identify new and alternative ways to enable our business partners to rethink the future of insurance. Our position within a market-leading reinsurer enables us to provide a deeper understanding of clients’ needs and requirements. Leveraging Munich Re’s global experience, we are transferring deep knowledge and expertise to the insurance industry in China. From risk digitalisation and portfolio optimisation to innovative product development and data analysis, we discover new trends, develop creative ideas and leading-edge prototypes, and establish partnerships across the insurance value chain to deliver best-in-class solutions.

    Extending reinsurer's proposition in the value chain

    SiTao offers a unique suite of strategic analysis and development services to drive innovation in insurance. We aim to create and nurture scalable new business models through emerging risks and extend the value chain with new solutions that help manage risks that traditional (re)insurance does not handle. 

    We look beyond traditional reinsurance requirements and provide a full spectrum of risk management services

    Risk Transfer
    Capital Solutions
    Underwriting Expertise
    New Risk Solutions
    Innovative Business Model

    Our approach – a 4-step closed cycle to make future risks insurable

    From idea to realisation, SiTao's unique methodology in innovative product creation enables swift reaction to market demand. SiTao's disciplined approach and strong commitment to meeting market needs makes it a pioneer in turning tomorrow's risks into today's insurance products.
    Our approach – a 4-step closed cycle to make future risks insurable - from reasearch to project development to market promotion and product design
    © Munich Re
    SiTao's approach – a 4-step closed cycle to make future risks insurable

    Benefits of partnering with SiTao

    The future of insurance
    We help our business partners in China embrace the future of insurance.
    We do so by assisting them in spotting trends, discussing ideas, developing prototypes, and partnering in new approaches of insurance business.
    Solutions oriented
    We deliver solutions that include new insurance products, technology, and digital platforms.
    Full utilisation of your development costs
    We maximise your product and service innovation, quality and market success while minimising your development costs, launch time and risk of failure.

    About Munich Re China Innovation R&D Center

    Munich Re China Innovation R&D Center was founded in July, 2023, operated by SiTao (a wholly-owned subsidiary of Munich Re). Centered on proposition of empowering the industry, R&D Center will build a global reinsurance hub and bridge the supply and demand gaps that exist for new industry risk. Through extensive research and cooperation, R&D Center will provide technology-driven industrial-oriented solutions to existing and new clients, and support the long-term development of China’s insurance and reinsurance sector. 

    With Munich Re’s profound market experience and capabilities over the past 20 years in the Chinese market, R&D Center will be dedicated to research and innovation of emerging industries such as carbon peak and carbon neutrality. Combined with Munich Re’s global risk management experience, the R&D Center will utilize its research achievements to help clients manage risks arising from emerging industry chain, and enhance trust between all parties through innovative insurance products, in order to help China’s emerging industries move towards stability and maturity more quickly.

    We’ve got the future: 6 focus topics

    We’ve got the future covered
    © Munich Re
    Our innovation business

    Ideas Hub - Download SiTao's report series

    We design our innovative (re)insurance solutions throughout industry research. We bring in Munich Re’s expertise when we build our understanding in new risks and technologies. 

    Curious about all recent case studies and reports? Get access to our exclusive content after providing your contact information. Please note that we will contact you once to ask for your consent for further communication according to our privacy policy.

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    Talk to our experts
    Zijia Li
    Zijia Li
    Managing Director
    Smart Thinking Consulting
    Dan Liu
    Dan Liu
    Head of Strategic Program & Partnership
    Smart Thinking Consulting