People & Society

Our goal is to prevent or mitigate potentially adverse impacts of our business on human rights compliance. To allow it to meet its due diligence obligations, Munich Re has therefore established processes for identifying risks of infringement of human rights and for addressing them with appropriate measures. 

The following four dimensions were defined: employees, procurement, our core business of insurance and reinsurance, and investments. For each of these dimensions, we have introduced mechanisms to guide our decision-making on human rights. This enables us to minimise, as far as possible, risks related to human rights violations.

Munich Re is a knowledge-based Group that operates in a dynamic, rapidly changing business environment. Our success therefore depends on having a diverse, highly qualified and innovative workforce with outstanding competence and leadership skills across the world.

Our ability to innovate and our world-class expertise in all aspects of risk are the strengths our clients draw on. As leading providers of reinsurance, primary insurance and insurance-related risk solutions, we offer sophisticated, high-quality solutions for universal, complex and new risk scenarios. This is especially true when it comes to topics of future relevance to global society, such as climate change, cyber risks, the Internet of Things and artificial intelligence.

All of this is made possible by our people, who are at the heart of our Company.

Our social impact strategy reflects our dedication to improving public welfare and promoting social cohesion. Munich Re is committed to this goal. We choose fields of action where we can leverage our expertise to help amplify the impact of our actions.

Specifically, we focus on three significant global challenges: combating climate change and its consequences, improving access to healthcare, and increasing risk awareness. 

Besides our focus on these global challenges, we also promote social and cultural projects at the locations of our entities all over the world and provide support for disaster relief measures following natural disasters and unforeseeable events.