Munich Re News

Business News: Munich Re, LexisNexis Risk Solutions, Independent Life Assignment Company

Munich Re Introduces Smart Mobility Program to Reduce Auto Fleet Collisions Munich Reinsurance America, Inc. unveiled its Smart Mobility Program offering a toolbox of solutions to address the complex issues surrounding commercial auto losses and to help reduce or avoid …

Business News: JLT Specialty USA, Betterview, The Institutes, CapSpecialty

JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson Group plc., a global specialist risk advisor and broker, announced the company has chosen Chicago as its U.S. headquarters. The Chicago office is located at 225 West Wacker on the …

HSB Survey: Half of U.S. Businesses Have Been Hacked

More than half of U.S. businesses (53 percent) have experienced a cyber attack in the past year, according to a survey of business executives released today by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re. …

Insurers Downgrade Anticipated Profit Goals Amid Hurricane Losses

Allstate expects insurance losses of about $593 million in August after Hurricane Harvey left a path of destruction along the Gulf Coast. The initial accounting Thursday follows warnings from other insurers that are tallying the damages from a hurricane season …

Risk Managers’ Top Concern is Privacy When it Comes to Using Drones

When it comes to commercial drones usage, 61 percent of risk managers are concerned about the potential for invasion of privacy, according to a 2017 survey conducted by Munich Reinsurance America, Inc. (Munich Re, US) during the Risk Management Society …

Severe Storms Dominate First Half of 2017, Cause $41B in Large Losses

A series of hailstorms and tornadoes in the U.S. dominated the natural catastrophe statistics in the first half of 2017, according to Munich RE. A total of six severe, large-scale thunderstorms were recorded, each causing billions of dollars of losses. …

Munich Re Tornado Virtual Reality Experience Shows Need for Resilient Homes

Munich Reinsurance America, Inc. has developed an immersive Tornado Virtual Reality Experience to help people and businesses understand the devastation wrought by a tornado and the need to embrace resiliency to help reduce future property losses and save lives, all …

Less Interested in Self-Driving Cars, Older Drivers Embrace Auto Safety Technology

Older drivers are increasingly comfortable with and recognize the benefits of active safety technology, but they are still reluctant to relinquish total control to an autonomous vehicle, according to a nationwide survey by Munich Re, US of drivers age 65 …

Munich Re: 2016 Global Natural Catastrophe Losses Climb, Total $175B

A number of devastating earthquakes and powerful storms made 2016 the costliest twelve months for natural catastrophe losses in the last four years, according to Munich Re. Losses totaled $175 billion, more than two thirds above the previous year and …

Business News: Next Insurance, QBE, Origami Risk, Guidewire

Next Insurance and Munich Re Announce Partnership Next Insurance announced its partnership with Munich Re to launch a product targeting commercial photographers, who will be able to buy, renew and maintain policies online. According to a 2016 report by McKinsey …