We are very happy to get feedback and have conversations directly with the client in order to improve the product for the next season. By no means do we have interest in not covering when there are any kinds of losses. We want to promote a product because we think it’s really having a good purpose in the sense of being transparent, so also the client actually knows what he’s buying.
Introduction
How can parametric insurance transform risk management in an unpredictable world?
Munich Re, a leader in reinsurance, is paving the way for innovative parametric solutions addressing weather-related and natural catastrophe risks.
Robin Merttens is joined by René Mück, Global Head of Parametric NatCat, and Marcel-Steffen Reif, Global Head of Weather Agricultural Risks, to explore how Munich Re’s data-driven insurance products help corporates, public sector entities and industries navigate complex and evolving risks.
A key focus of the conversation is understanding the growing demand for parametric insurance, its role in bridging protection gaps and how Munich Re is developing solutions for emerging risks like green energy and agriculture.
Key Talking Points
- What does the Capital Partners unit at Munich Re do?
- How parametric insurance addresses gaps in traditional coverage.
- Revenue smoothing for industries like renewable energy and agriculture.
- Client use cases – from supply chain disruptions to hurricane protection.
- Addressing basis risk in parametric insurance and how to manage it.
- Expanding applications for parametric solutions, including public sector resilience.
- Sensor technology and its potential to enhance parametric insurance accuracy.
- The importance of client education and engagement in driving adoption.
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This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme.
By the end of this podcast, you should be able to meet the following Learning Objectives:
- Define the concept of basis risk in parametric insurance and its implications for claims.
- Summarise the role of client education in fostering adoption of parametric insurance.
- List the key industries benefiting from parametric solutions, including energy, agriculture and construction.
If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned email cpd@instech.co to let us know you have listened to this podcast.
To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.
