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Public Entity Risk Solutions

Decades of focus on municipal risk, transit, education, and more — delivering expert coverage, insight, and deep knowledge of the public sector.

Thought leadership

Dedicated to public entity risk.

With 40+ years of highly specialized experience in demanding public sectors such as municipalities, transit, education, and more, Munich Re Specialty – North America, PERS provides comprehensive coverage backed by the financial stability and reputation of Munich Re and a deep understanding of public sector risks. We value industry-specific expertise and long-term partnerships.

Expertise

We bring unmatched expertise through our 40+ year dedication to public entities, including municipalities, transit, education, nonprofits, and more. In short, we fluently speak the language of public sector risks.

Stability

The global financial strength and reputation of Munich Re coupled with our deep knowledge of public sector risk delivers the resilience as well as the broker/market confidence that public entities require.

Partnership

Partnership: A solution-oriented approach creates relationships that go beyond transactions, delivering tailored insurance solutions that truly understand the unique challenges of the public entity sector.

Tyler Coleman, Head of Public Entity Risk Solutions at Munich Re Specialty, discusses the importance of a trusted partner in navigating the ever-changing public entity market.

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Munich Re Specialty

Public Entity capabilities

Target classes

Municipalities, counties, and special districts

Primary and secondary schools

Colleges and universities

Transit authorities

Religious organizations

Nonprofit organizations

Tribal organizations (including casinos)

Coverage details

General Liability
Professional Liability/Public Officials Liability/School Board Legal Liability
Law Enforcement Liability
Automobile Liability
Property, including Equipment Breakdown and Crime
Public Entity Cyber
Employee Benefits Liability
Sexual Harassment Liability
Sexual Abuse Liability
Clash and Aggregate Stop Loss
Workers’ Compensation/Employer’s Liability

Value-added services

Munich Re Specialty professionals understand the insurance market. We are able to draw upon our global resources to not only provide our customers with insurance coverage, but also offer our Public Entity Risk Solutions clients risk management services to help them prepare for and respond to risk exposures.

Actuarial Services

Catastrophe Management

Claims Handling

Policy Language Reviews

Product Development

Research and Analysis

Risk Control Oversight

Underwriting Operations

Frequently asked questions

How has the public entity market evolved over the past decade, and what are some of the opportunities you see in that space?

The current environment has forced public entities to adapt to new and emerging exposures, including, but not limited to: cyber challenges; the effects of climate change on wildfires, tornadoes, and other natural disasters; the impact of social inflation on our industry; and nuclear verdicts — jury awards that surpass $10 million. Importantly, these issues are giving Munich Re Specialty – North America PERS a tremendous opportunity to partner with clients, to influence and educate the market, and to provide the lasting solutions brokers and clients have come to expect from Munich Re Specialty – North America PERS.

What are some of the misconceptions regarding risks within public entities?

Many public entities are operating on tight budgets and, as such, we need to design and implement creative solutions that are a win-win for both Munich Re and its clients. What makes this so exciting is there are no one-size-fits-all approaches. The good news for clients is that Munich Re offers subject matter expertise and industry-leading solutions that span a diverse range of exposures, jurisdictions, and risk appetites.

What are the key risks and challenges that public entities will face in the next 10 years?

Over the next five to 10 years, public entities will be working on securing adequate insurance-to-values and continuing to be mindful of climate change concerns surrounding secondary perils, such as wildfires and severe convective storms. They will also have to navigate the rising costs of social inflation, while mitigating nuclear verdicts and, of course, establish robust security infrastructures to ward off the continuous threat of cyberattacks. It’s also critical for public entities to adapt to a changing labor force that wants to work where they live and not the other way around. People are leaving cities for more affordable housing and remote or hybrid opportunities. Specifically, municipalities will need to focus efforts on managing law enforcement challenges, including recruiting, training, and public perception. Further, educational entities should emphasize their efforts toward managing sex abuse challenges, including hiring practices, robust training, and increased awareness of this issue.