Munich Reinsuance America, Inc. - Corporate Responsibility - Climate change

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Climate change

Enhancing competence, building solutions

We are a leader in the field of climate-change analysis. We continue to enhance the competence we have built up over the years by analyzing the impacts of climate change and developing coverages for managing the associated risks. At the same time, we are taking steps to avoid greenhouse gas emissions in our own business operations in order to achieve carbon neutrality by 2015.

Our contribution to knowledge of climate change risk and modeling is significant. Our catastrophe expertise informs and influences corporate underwriting, products and services and contributes significantly to the industry knowledge base. We are advocates of sustainable development, responsible building practices, and risk adequate pricing.

 

Products and services for clients

As insureds become more concerned about climate change our products and services respond. Our Risk Accumulation staff educates clients on catastrophe models and processes and managing a catastrophe portfolio. Our Green Property product enables non-profit entities like schools and municipalities that suffer a partial or total loss to rebuild more efficiently and achieve LEED® Green Building certification. 

 

As building owners look to manage their energy costs and conserve resources, they increasingly equip their facilities with features such as more energy efficient equipment or renewable technologies like solar panels, wind turbines and geothermal equipment. Consultants at our affiliate, Hartford Steam Boiler Inspection & Insurance Co. (HSB), enable these upgrades with knowledgeable and informed consulting regarding insurance and risk management products and services for green buildings. 
 
In-house climate change mitigation

To keep our environmental impact and our own CO2 emissions as low as possible, our own in-house climate change mitigation through emission reduction is reflected in our Environmental Management System (EMS). Our Group-wide target by 2015 is for the whole Munich Re Group to be carbon neutral and to have reduced its global emissions by 10% per employee (baseline 2009), this being achieved through more efficient energy use, less business travel, use of "green" power, investment in renewable energy and the off-setting of any remaining carbon emissions through the purchase of carbon credits. Furthermore, we concentrate especially on making fewer business trips and reducing our consumption of paper, water and energy.

Severe Weather in North America

Nowhere in the world is the rising number of annual natural catastrophes more evident than in North America.


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