View of risk
Munich Re US brings 140+ years of expertise managing risk to the table.
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Reinsurance clients and brokers choose Munich US for its unique view of risk. As part of the world's preeminent insurance and reinsurance brand, we share our expertise and key insights on the risks our clients face today and into the future.
We have developed a range of comprehensive and tailored solutions to address the evolving risk concerns faced by our clients and their insureds. Our experts draw on their broad industry expertise combined with proprietary data and analytics to craft a sustainable and responsive product portfolio, progressing toward a more resilient tomorrow.
Cyber
With data breaches and ransomware attacks constantly in the news, organizations are seeking cyber insurance to mitigate the many unknown risks of doing business in the digital age. Cyber insurance solutions play a key role in upholding the health of economies, the success of businesses, and the process of digitalization. The global cyber insurance market is expected to reach $16.3bn in 2025 up from $15.3bn in 2024. Munich Re’s experts expect the global premium volume to more than double by 2030.
Munich Re US’ Florian Happ, Cyber Underwriting Manager shares our view of cyber risk and the solutions we have developed to support primary insurers looking to enter and expand their capabilities in this growing market with customized cyber reinsurance.
In fact, more than 70% of small to mid-size businesses in the US are not protected by insurance and would need to absorb the costs of a cyberattack themselves. Munich Re US is committed to making cyber insurance available.
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Wildfires
Wildfires have become one of today’s most rapidly increasing and devastating natural catastrophes. Climate change factors like rising temperatures, unusually dry conditions, and human behavior are a few key drivers in wildfire escalation.
Munich Re US’ Raghuveer Vinukollu, Head of Climate Insights & Advisory, shares our view of wildfire risk and the solutions we have developed to assess this evolving risk.
We’ve been studying wildfires globally for more than a decade. It’s one of today’s most challenging risks, especially with the shrinking of the buffer zone between the wildland and land development.
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Climate Change
Hurricanes, storms, floods and wildfires: climate change is affecting natural hazard risks.
The last 11 years were the warmest ever. In the record-setting year of 2024, the mean temperature was around 1.5°C above pre-industrial levels. Climate change is real and is influencing weather-related natural disasters around the world.
Munich Re US’ Mark Bove, Meteorologist and Senior Vice President, Natural Catastrophe Solutions shares our view of climate risk and the solutions we have developed to address this increasingly frequent and extreme risk.
This dramatic shift in global temperatures is a result of greenhouse gas emissions trapping excess heat in our atmosphere and oceans. This excess heat is causing sea levels to rise and is fueling more weather extremes globally, including stronger tropical cyclones, devastating wildfires, and increasingly severe flash flood events.
Severe Convective Storms (SCS)
Severe convective storms (SCS) are one of the most common and most damaging natural catastrophes in the US. From hail to tornados to windstorms, SCS are resulting in increased insured losses each year with total losses exceeding $57bn in 2024.
Munich Re US’ Tehya Duckworth, SVP, Property Underwriting Manager, shares our view of SCS risk and the solutions we have developed to manage this risk in a new era of climate-driven volatility.
Our comprehensive view of SCS helps our clients better understand their market share, quantify potential risk, and develop growth and accumulation strategies to better manage their portfolios.
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Flood
Homeowners in the US are at greater risk of flooding than ever before. As our climate continues to change, more frequent and heavy rainfall is causing flooding in areas that did not previously flood.
Munich Re US’ Serena Garrahan, SVP, Inland Flood Product Manager, shares our view of flood risk and the solutions we have developed to address this evolving risk.
$46bn
Average damage from flooding in the US over the past 10 years (Source: CBO)
61%
Estimated increase in the number of properties at risk of flood damage by the year 2051 (Source: First Street)
4%
Of US homeowners have flood insurance (Source: FEMA)
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