Not if, but how
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About Munich Re
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.

One Storm

Comprehensive and rapid response to tropical cyclones

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What is One Storm?

Hurricanes, typhoons and tropical cyclones regularly bring with them extraordinary losses. When such events strike, relief is required immediately in order to prevent cash flow problems. Traditional covers often leave gaps in costs associated with restoring to the pre-event level. To close these gaps, Munich Re has developed One Storm, a tailor-made product with an unprecedented level of transparency and a very simple payout process.

What One Storm can do for your business

One Storm is a new parametric trigger solution specifically for tropical cyclones. It is highly customizable and allows you to pre-define triggers and payout amounts up to US$ 10 million (or higher on request) per location or defined area.

Key advantages of One Storm

Parametric triggers ensure rapid recovery thanks to a simple and quick payout process that provides liquidity when you need it most. No physical damage is required.
Closing gaps:
With One Storm previously uninsurable costs arising from tropical storm can be covered – such as evacuation expenses, loss mitigation costs and other costs hard to insure traditionally. The product can cover insurance gaps you currently have in a cost-efficient manner.
Unprecedented level of transparency:
Pre-agreed independent third parties provide the data needed to trigger the cover. In addition, storms can be assessed easily directly after an event on our dedicated website. The site enables you to determine whether a trigger has been activated by providing wind speed and storm location data from publicly available sources. Try it for yourself at
No deductibles:
Parametric products typically don’t have a deductible, so there is no financial commitment from your side once all triggers have been met.
Reduced claims-related expenses:
The simplicity of the payout process substantially reduces administrative costs.

How One Storm works

In close cooperation with our experts from Corporate Insurance Partner, you can customize your preferred payout pattern, by choosing specific locations and parametric triggers to suit your individual exposures. Payout is triggered automatically when a specified intensity is exceeded at a certain location. To ensure immediate and sufficient liquidity following an event, payment is only adjusted later to match the actual loss amount.

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One Cat solutions
Cover when you really need it - Munich Re’s One Cat solution concept offers tailor-made parametric cover with a very simple payout process.
One Quake
When an earthquake strikes, relief is required immediately. Experience the benefits of One Quake, a new highly customizable parametric trigger solution that focuses specifically on seismic events.
For further information, please contact:
Munich Re Experts
Stefan Mathijssen
Vice President Engineering, Property & Engineering Underwriter
Tel.: +1 (212) 887-6017
Jonas Haug
Tel.: +49 (89) 3891 4382
Fabrizio Zoni
Tel.: +49 (89) 3891-5372