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More than just risk transfer

Our benefits and services for life and health insurers

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    Your partner for risks and opportunities in the insurance sector

    The value of a reinsurance relationship for life and health insurers increases with the positive value-creation effects of collaboration. Munich Re’s range of services therefore includes far more than classic risk bearing and risk management. 

    As a solution partner we follow a holistic approach and are convinced that only the interaction of underwriting and claims handling, medical expertise, capital management, digitization, data analytics and product development which is customised and coordinated to suit your requirements and markets is the key to growth and competitive advantages. 

    We therefore offer the entire range of services related to life, disability, critical illness and health insurance. As a package, items combined at your option or individually – the choice is yours. We have developed a number of different cooperation models for this purpose so that you obtain exactly those benefits and services from us that provide the ideal support for your success in the market. 

    Our cooperation models and service proposition explained in brief


       

    Our cooperation models

    As a risk partner we share your biometric risk and reduce your portfolio volatility. We support your risk management with services, calculators and guidelines for underwriting, claims and monitoring. You also benefit from attractive client prices for our MIRA Digital Suite tools for automated risk and claims handling.
    In the next development stage we assist you with customised services. These include trainings as well as product development assistance in line with your needs. 
    While you are working on your digital transformation we become your digital partner, assisting you with advanced tools for system-supported and automated risk and claims handling in addition to our role as your Reinsurance Partner. You use all the services of the MIRA Digital Suite at partner’s terms and use interfaces to integrate them into your workflows. Data Analytics projects and pilot partnerships form further aspects of our support. 

    Our service modules

    Munich Re offers insurers in life, disability, critical illness and health every possible opportunity for digitization and incorporates its extensive expertise in risk and claims handling along the entire value chain. 

    Our digital tools are the key ... 

    • to increased sales figures from enhanced customer interaction
    • to faster and automated application and claims processes
    • to tapping into new customer groups
    Digitization
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    Data is transforming itself into the most important commodity of the 21st century. Munich Re will support you in developing informed business decisions from data. 

    Benefit from ...

    • data integration and data engineering 
    • pooling and benchmarking
    • Predictive Analytics
    Data Analytics
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    Underwriting and claims handling are essential for your business model and form part of the core competence of reinsurance. 

    With our comprehensive expertise in underwriting and claims handling you... 

    • increase your efficiency through evidence-based risk selection and claims handling
    • improve and protect the profitability of your portfolio
    • exploit new opportunities in the market for your business
    Underwriting & Claims
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    Insurability is a question of knowledge about biometric risks. This is why we pool our expertise in a globally networked centre of competence for medical risk research that provides primary insurer direct access to our evidence-based insights.

    Our medical risk research ... 

    • protects you against surprises in your portfolio
    • increases your business potential by extending insurability
    • creates competitive advantages in underwriting
    Medical Research
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    Product innovation is the driver for new business. With new solutions for known and emerging risks we find answers to changes in customer requirements. 

    We therefore sit down with you and offer ... 

    • co-creation – from the idea to the finished product
    • market-proven product concepts – pre-configured and ready for use or customised  
    • shared risk – reinsurance is our commitment

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    With Munich Re’s capital management solutions you are able to steer your KPIs on target.

    Some typical applications ...

    • Local GAAP and IFRS steering
    • liquidity management
    • Solvency II optimization
    • M&A support

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    The best way to find out which services and cooperation models are suitable for you is by talking to us.
    Harald Tauber
    Harald Tauber
    Client Management Executive | Life/Health
    Germany & Switzerland
    Sebastian Soika
    Sebastian Soika
    Head of Client Management | Life/Health
    Israel, Austria, CEE, Greece, Cyprus
    Cosima Escher
    Cosima Escher
    Head of Client Management | Life/Health
    France, Netherlands, Belgium, Luxemburg, Iceland, Nordics