Munich Re Group Changing Gear gg
Munich Re Group Changing Gear gg
Munich Re Group Changing Gear gg
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Backup: <strong>Group</strong><br />
Market growth expectations<br />
Primary insurance and reinsurance will outperform GDP growth<br />
Expected annual compound growth rates for global markets 2006–2015<br />
~5.5%<br />
~6%<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong><br />
~7%<br />
GDP <strong>Re</strong>insurance (GWP) Primary insurance (GWP)<br />
<strong>Munich</strong> <strong>Re</strong> benefits from growing markets in primary insurance and reinsurance<br />
Source: <strong>Munich</strong> <strong>Re</strong> economic research.<br />
Backup: <strong>Group</strong><br />
Growth strategy<br />
Multiple approach in each segment<br />
Organic<br />
growth<br />
<strong>Re</strong>insurance International Health Primary insurance<br />
Alternative distribution<br />
channels, e.g. Bell &<br />
Clements Clements, MSP<br />
Underwriting<br />
Niches: e.g. Midland<br />
Analyse life re portfolios<br />
Product development<br />
Growth of underlying risk<br />
values, peak risks and<br />
accumulations<br />
Emerging markets<br />
Solvency II<br />
Investment in selected<br />
markets; bridging financial<br />
protection protection, services and<br />
provision of care, e.g.<br />
Cairnstone, Sterling Life<br />
Flexible and parallel<br />
use of primary and<br />
reinsurance brands and<br />
business models<br />
Exploit significant growth<br />
potential through unique<br />
selling proposition<br />
International expansion in<br />
selected countries with<br />
high growth/high margin<br />
potential, e.g. HDFC,<br />
Daum Direct, Bank Austria<br />
Creditanstalt Versicherung,<br />
Roanoke, HERO<br />
Selected investments in<br />
distribution channels<br />
Organic growth in Germany,<br />
focus on retail P-C,<br />
corporate pension,<br />
investment-type life<br />
products and<br />
supplementary health<br />
Selected partnerships (e.g. bancassurance cooperation with UniCredit)<br />
M&A<br />
activities<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong> – October 2008<br />
18<br />
<strong>Munich</strong> <strong>Re</strong> <strong>Group</strong> – October 2008<br />
19
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