Report
Roland Pfaender,MBA,CFA,CCRA

Munich Re : Feedback from management meetings

>Munich Re capturing growth in cyber insurance - Munich Re (MUV) identified cyber early on as one of its main strategic growth areas. The company estimates global cyber GWP to grow from $ 5bn in 2018 to >$ 8bn in 2020e. MUV aims to keep its 10% global share constant and thus grow GWP from ~$ 500m in 2018 to >$ 800m in 2020e. According to management, cyber is currently a know-how- and service-driven business with no material pressure on pricing. Using internal and exte...
Underlying
Munich Reinsurance Company

Muenchener Rueckversicherungs-Gesellschaft is engaged in reinsurance, primary insurance and asset management. Co.'s international life business is written in the Life Division. The Global Clients and North America division manages accounts with international insurance groups. The Europe and Latin America division manages property-casualty business in Europe, Latin America and the Caribbean. The Germany, Asia Pacific and Africa division conducts property-casualty business in Germany, Africa, Asia, Australia and the Pacific Islands. The Special and Financial Risks division manages the classes of credit, aviation and space, agriculture, enterprise and contingency risks.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Roland Pfaender,MBA,CFA,CCRA

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