dcsimg
Not if, but how
2
© dani3315 / Getty Images

IoT Solutions from Munich Re

Accelerating your business

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The corporate group consists of the reinsurance and ERGO business segments, together with the capital investment company, MEAG. The Group operates in all lines of insurance. Ever since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its particularly sound financial position. It also offers its clients financial protection when faced with extraordinarily high levels of damage – from the 1906 earthquake in San Francisco right through to the series of Atlantic hurricanes that occurred in 2017. Munich Re possesses outstanding innovative strength, which enables it to also provide cover for extraordinary risks such as rocket launches, renewable energies, cyber attacks or pandemics. The company is playing a key role in driving forward the digital transformation within its industry and in doing so is increasing its ability to assess risks and expanding upon the range of services that it offers. Its tailor-made solutions and close proximity to its clients make Munich Re one of the world’s most sought-after risk partners for the economy, institutions and private individuals.

Munich Re integrates the best of technology, risk management and financing to make businesses safer and more efficient.

Why is IIoT becoming a necessity for how businesses work?

The manufacturing industry is subject to significant pressure to drive efficiencies and further optimise plant production and supply chains. With customer demands evolving at an ever-faster pace, investments in new processes, technologies and equipment need to be identified quickly and managed successfully. Investments in new technologies, however, always involve considerable technology and investment risk as they still have to prove their legitimacy and value in the market. At the same time, foreseeing which technology will eventually catch on is a hard bet to make and forces manufacturers to commit to pursuing a certain route for a long time at an early stage. If applied within the right business models, IoT technology can substantially support manufacturers in meeting these challenges.

Why partner with us?

Munich Re, together with partners from the technological industry, develops smart solutions that offer industrial companies the possibility to benefit from the advantages of IoT technology without bearing the entrepreneurial risks connected with its implementation. By combining technology such as smart devices, sensors, algorithms and interfaces with risk management and innovative financial instruments, the operative and investment risks can be reduced significantly and the boundaries of insurability can be expanded, both enhancing existing business models to exploit the full benefits of future technological advancement. Munich Re integrates its complementary risk and financial knowledge into these new business models to provide you with a greater sense of security. As a trustworthy partner, we support you in bundling, augmenting, and leveraging all relevant data from and for your business to realise the most economically viable, unbiased insights that assist you in taking effective action. Our innovative business models offer completely new opportunities to enhance your business, enabling you to focus on your core competencies and your customer satisfaction.

Our value proposition to you:

  • Reduce risk costs of your business through synergies of technology and financial solutions
  • Mitigate investment risks for IoT related digitization and business model transformation
  • Financially driven optimization of key business outcomes and decision-making  

MHP, Kuka and Munich Re develop SmartFactory as a Service

Industry 4.0 and digitalisation allow for new manufacturing methods and demand new business models. MHP, KUKA and Munich Re are pooling their core competences to revolutionise the future of manufacturing.

Using SmartFactory as a Service allows manufacturers to focus on client satisfaction without having to bear peripheral parts of the value creation process, investment costs and risks themselves.

www.sfaas.de

© Munich Re

Munich Re and Bosch agree partnership to develop new business ideas in Industry 4.0.

The aim of this cooperation is to develop new packages of solutions for connected manufacturing. The two companies are combining their respective strengths: Bosch in hardware, software and services, Munich Re in risk and capital management. This holistic approach will make it possible for manufacturing companies to implement connected projects along the entire value chain while keeping risks at a manageable level and applying innovative financial instruments.

New business models for the connected industry - Munich Re and Bosch agree partnership

Want to become part of the ecosystem?

Meet our experts
Leonhard Forster
Head of IoT at Munich Re, Munich
Jan Förnges
Jan Förnges
Senior project manager
Christoph Meyer
Head of IoT Finance
Print

We use cookies to improve your browsing experience and help us to improve our website.

By continuing to use our websites, you consent to the use of cookies. Please see our cookie policy for more information on cookies and information on how you can change your browser's settings.
You can disable cookies, however please note that disabling, deleting or disallowing cookies will affect your web experience.