Virtual Monte Carlo 2021

7 September 2021

Stefan Golling, Torsten Jeworrek, Fabian Winter

Image: [M] Munich Re / [P1] Graiki [P2] gremlin / Getty Images

Agenda

Insurance market

Digital transformation -

outlook

Buzzword? Game changer!

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Agenda

Insurance market outlook

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Overall market environment remains positive

Market environment positive due to economic recovery and solid price levels

Munich Re can afford to grow as a strong, agile partner for clients

Megatrend digitalisation turns the industry upside down and offers enormous opportunities

Insurers need to be aware of future trends and to provide solutions

  • Cyber as a major growth area - and the number one risk for the economy
  • Better prevention needed to adapt to increasing ransomware attacks
  • Munich Re makes use of data analytics and AI to optimise its core business today ...
  • … and simultaneously invests in partnerships on future technologies to identify new business models

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Primary insurance and reinsurance development

P-C RI: Ceded premiums 2020

P-C RI and PI real growth rates (CAGR)

RIPI

18-2021-2318-2021-23

Total

~€297bn 100%

6%

3%

2%

3%

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Disclaimer

Munich Re Group - Münchener Rück AG published this content on 07 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2021 15:41:05 UTC.