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.