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Munich Re
Topical subjects
in reinsurance
Private financing of infrastructure
projects – Opportunities for the
insurance industry
In many parts of the world, budget
consolidation has led to the state
withdrawing from certain fields to
concentrate on its core responsibilities.
Large projects in such areas
as infrastructure, transport, energy
production and health care are
increasingly being executed,
financed and operated by the
private sector. This means new
and in some cases very large risks
for industry, giving rise in turn to
extensive long-term insurance
requirements. The Munich Re plays
a leading role in this growth sector
(page 44).
D&O insurance increasingly
important – Protection against
liability risks of boards and
managers
There is a growing trend in the
business world for shareholders
and creditors to sue managers and
boards for mistakes they have
made or are alleged to have made.
Directors’ and officers’ liability
insurance, which is already
commonplace in the USA, is a
sensible way of limiting decisionmakers’
liability risks. The Munich
Re can provide D&O insurers with
tailor-made reinsurance cover and
extensive service (page 48).
43
The reinsurance of natural
catastrophe risks
Natural perils can give rise to
immense costs. It is one of the
central tasks of the international
insurance industry to deal with this
problem. The Munich Re continues
to see the reinsurance of natural
catastrophe risks as one of its
main fields of business (page 46).
Electronic communication in
reinsurance
Insurers and reinsurers must make
use of every opportunity to
increase efficiency. This includes
the electronic interchange of data.
The Munich Re was one of the
founder members of RINET, a
pioneer among the insurance
networks (page 49).