Your expert partner in group insurance
Munich Re leads the global reinsurance market by net premiums and Munich Re Life US, a subsidiary of Munich Re, is one of the largest group benefits reinsurers in the U.S. Our clients become and maintain their position as industry leaders when they partner with us, leveraging our broad industry perspective and expert resources. We are uniquely positioned to solve risk challenges, helping to transform the market by staying ahead of external factors impacting our business.
Munich Re’s U.S. team of industry specialists are backed by our global network of actuarial, underwriting and claims experts, providing us with insights into worldwide insurance trends and innovation. Our history of rock-solid financial stability provides us with unparalleled capacity and an appetite for growth.
Partner with us, evolve and grow with confidence.
Passion drives innovative thinking and solutions
We are committed to expanding insurability in the group space, and helping our carrier partners extend protection to as many people as possible. We pride ourselves in delivering a wealth of group benefits expertise and capabilities to our clients and improving the medical underwriting process to expand coverage. We are a diverse and talented team focused on solutions that help you solve today’s problems and anticipate tomorrow's challenges.
Translating research into actionable underwriting insights
Our knowledge of underwriting extends across multiple product lines, including Group Disability, Group Life, Individual Disability and Individual Life. We make it our business to stay abreast of the latest medical developments — as well as associated mortality and morbidity risks — and we translate our research and critical insight into actionable underwriting practices. Because of our global presence, we approach risk from a broad, well informed perspective.
To compete in this digital era, you must have access to proper data analysis, efficiencies, automation, and insight to make informed decisions. Carriers often collect a wealth of data but may lack the resources, bandwidth, or expertise to make the most of it. With particular experience in group disability and group life product lines, we help you move forward in a multitude of areas:
- Managing mortality and morbidity risk
- Optimizing medical underwriting
- Expanding insurability
- Integrating new data sources
- Exploring new applications of data science and data engineering
- Predicting disability incidence and termination rates
- Disability claims scoring
- Fraud detection
We are experts in risk assessment, pricing and actuarial modeling techniques. Our experienced actuarial team holds leadership roles in key Society of Actuaries workgroups, and we bring deep insights into group products from both the direct carrier and reinsurance perspective. We provide customized consultation and service project deliverables and we are constantly researching group mortality, morbidity, demographic and employment trends to increase insurability and mitigate risk. Examples of our actuarial consultative services include:
- Stochastic modeling to understand volatility of group claim costs
- Mortality improvement variations
- Analysis of aging and retirement trends
- Compare rates to publicly available competitors’ manuals
- Optimizing medical underwriting processes
- Benchmarking and recommendations for group pricing
- Development of voluntary anti-selection loads
- Onsite presentations for actuarial