Munich Re - Enterprise Tech Ecosystem Series

This report provides insight into Munich Re's insurtech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, and its estimated ICT budget.

Munich Re is a provider of reinsurance, primary insurance, and insurance-related risk solutions. The company offers customers financial protection when faced with exceptional levels of damage. The company operates its business through five reportable segments: Life and Health Reinsurance, Property-Casualty Reinsurance, ERGO Life and Health Germany, ERGO Property-Casualty Germany, and ERGO International. The company operates in Europe, North America, Asia-Pacific, Australasia, Africa, Middle East, and Latin America.

Scope

Munich Re's digitization efforts include active investment in big data analytics, artificial intelligence, and machine learning. This includes setting up dedicated units to capture, structure, and analyze data and make these findings available to all business units.
Munich Re is exploring the opportunities that are set to evolve from the IoT. Going forward, in cooperation with Bosch the company aims to assist industrial clients that utilize connected manufacturing, such as providing financing or insurance for the operational risks involved in this type of manufacturing.
Along with building its digital expertise, the company is focusing on investing in and acquiring technology startups that will help it launch innovative technology products, thereby achieving further growth.