Supporting the sharing economy – and contributing to the greater good – is part of what drives Munich Re. We’re embracing transformation by exploring, understanding and underwriting new and emerging risks.  Maureen Brown talks about what Munich Re offers startups like Getaround:

Maureen Brown: Munich Re develops insurance solutions that address the unique needs of startups as well as their missions. Most startups are passionate about their mission and want to work with partners who embrace their vision and capitalize on that passion to bring new coverages to fruition.

Maureen Brown: We recognized early on that startups like Getaround require innovative solutions.  It is our mission to move beyond the typical “underwriting box,” and look at things in a new way.  We believe that flexibility and our willingness to customize products and pricing to meet startups’ needs are key elements in solidifying a relationship.  As a trusted partner with insurance expertise, we are able to help startups identify issues and develop solutions that meet the needs of all parties:  the regulators, the insured and their customers, the broker and us, as the carrier.

Maureen Brown: For carriers such as ourselves, developing a deep understanding of the regulatory and insurance requirements of the individual states where the startup operates and partnering with a broker who understands the exposures associated with sharing economy risks are all critical elements to ensure a smooth purchase process.  This process enables startups like Getaround to obtain the proper coverage needed to operate successfully, providing peace of mind for the startups and their customers.

Maureen Brown: In Silicon Valley the vibe is “anything is possible if you look at it from a different angle.”  With energy, passion, creativity and the right partners, we can embrace technology and make what was once viewed as impossible possible.