Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
XTRA-MUV2
Company Overview
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. The company operates through five segments: Life and Health Reinsurance; Property-Casualty Reinsurance; ERGO Life and Health Germany; ERGO Property-Casualty Germany; and ERGO International. It offers life and health reinsurance solutions, such as financial market risks, data analytics, claims handling and underwriting, medical research, health market, capital management, and digital underwriting and analytics, as well as MIRA digital suite; and property and casualty reinsurance solutions, including agricultural risk, data analytics, infrastructure risk profiler, remote inspection, retroactive reinsurance, insurance linked securities, location risk, risk transfer, and cyber, as well as NatCatSERVICE for natural catastrophe loss database, REALYTIX ZERO, IMPROVEX, cert2go, consulting for product development, prospective structured reinsurance, and Vahana AI for motor claims. The company also provides solutions for industry clients, such as IoT cover, earnings quality insurance protection, captive insurance and risk transfer, liability, weather risks, space and satellite insurance, bioenergy plant performance insurance, solar energy insurance, wind farm insurance, mining insurance, construction projects covers and services, aviation insurance, power and utilities, oil and gas companies insurance, industrial cyber insurance, risk suite, data and location risk intelligence, digital risks, PV warranty insurance, parametric, Insure AI, liquidation damage cover, and natural catastrophes solutions. In addition, it offers life, property-casualty, health, legal protection, and travel insurance products under the ERGO brand name. The company was founded in 1880 and is based in Munich, Germany.
Name
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
CEO
Joachim Wenning
Website
www.munichre.com
Sector
Insurance
Year Founded
1880
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Bulls Say
Munich Re has a unique global specialty insurance division that has foundations in combining industrial machinery inspection services with insurance. This has created unique underwriting.
Having built out its Hartford Steam Boiler division into one of the strongest providers of these combined inspection and insurance services, Munich Re has sought to develop this strategy using the Internet of Things.
Munich Re has been one of the earliest and fastest-growing companies in the provision of cyberinsurance and reinsurance.
Bears Say
Despite the successful turnaround of Munich Re’s primary insurance division Ergo, this is quite a capital-intensive division because of its market risk within life and health.
Despite Munich Re operating in and having developed leadership positions in some interesting lines of business, the company demonstrates no superiority over peers in expenses or claims.
Munich Re’s focus on partnering for innovation potentially dilutes any competitive advantage that it can build and maintain because it is not locking in the gains.