About Munich Re
» Reinsurance, » primary insurance and Munich Health – these are the three pillars that form the basis of our integrated business model. We take on risks worldwide of every type and complexity. Our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation.
Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. In the financial year 2010, the Group achieved a profit of €2.43bn on premium income of around €46bn. It operates in all lines of insurance and has around 47,000 employees throughout the world.
Reinsurance
With premium income of around €24bn from reinsurance alone, Munich Re is one of the world's leading reinsurers. Especially when clients require solutions for complex risks, Munich Re is a much sought-after business partner. Our approximately 11,400 staff in reinsurance possess unique global and local knowledge. Munich Re attaches great importance to its client service, which regularly receives top ratings.
Primary insurance
Our primary insurance operations are concentrated mainly in the ERGO Insurance Group. With premium income of over €17bn, ERGO is one of the largest insurance groups in Europe and Germany. Some 40 million clients in over 30 countries place their trust in the services and security it provides.
Munich Health
Under the Munich Health brand, Munich Re combines its global healthcare knowledge in primary insurance and reinsurance. Some 3,900 experts at 26 locations use this wealth of knowledge to offer our international clients innovative solutions and individual consultancy and services. Our unique business model means we can react quickly and effectively to changes in local markets, thus ensuring the long-term success of our clients.
Asset management
The Group’s global investments amounting to €193bn are managed by MEAG MUNICH ERGO AssetManagement. MEAG specialises in asset management for the Group and is responsible for matching insurance liabilities with suitable investments. The quality of our asset management proved its worth during the recent financial crisis, which Munich Re weathered with relatively low losses and continued financial strength.
MEAG also makes its know-how available to institutional investors and private clients. Currently, MEAG manages funds for such clients totalling €9.9bn.
