Munich Re, and its family of companies, has been a leader in risk for more than 100 years. We are spearheading innovation to deliver competitive advantages for our clients every day and disrupting on our own terms to reimagine the world of risk itself.
Coastal flooding may have grabbed media attention, but it is inland regions that have borne the brunt of floods in recent years. Help is at hand in the form of innovative nature-based risk mitigation strategies used in conjunction with insurance coverage.
The vast majority of property owners remain uninsured for floods, despite its increasing frequency and severity. Closing the gap will require a better understanding of the exposure by all parties, including policyholders, agents and carriers.
Evolving risks have impacted the daily operations of insurance carriers worldwide and carriers are handling a rising volume of insurance claims, which is taxing human resources and, in many instances, demanding improved industry methodology.