insurance finance news Munich Re's Head of Epidemic Risk Solutions Discusses Pandemic Insurance Market financial insurance news

Breaking-Finance.Com - Summary: Dr. Gunther Kraut, head of Epidemic Risk Solutions at Munich Re, discusses the current state of the pandemic insurance market and what can be

insurance finance news Munich Re's Head of Epidemic Risk Solutions Discusses Pandemic Insurance Market financial insurance news

Breaking-Finance.Com - Summary: Dr. Gunther Kraut, head of Epidemic Risk Solutions at Munich Re, discusses the current state of the pandemic insurance market and what can be

insurance finance news Munich Re's Head of Epidemic Risk Solutions Discusses Pandemic Insurance Market financial insurance news
28 July 2020 - 10:59

Breaking-Finance.Com - Summary: Dr. Gunther Kraut, head of Epidemic Risk Solutions at Munich Re, discusses the current state of the pandemic insurance market and what can be expected for the future. He says one of the challenges of developing this market, aside from managing accumulation risk, has been the education process required by the potential insured. Did Munich Re have any pandemic insurance solutions prior to the crisis? Munich Re established a dedicated team, “Epidemic Risk Solutions” (ERS) in 2017 (to our knowledge the only major insurer with a dedicated epidemic risk unit) in order to make societies and economies more resilient against epidemic outbreak risk. Dr.

. Why was this? While evidence suggests that outbreaks are occurring with ever greater frequency and economic impact as a result of environmental shifts such as deforestation, urbanization and global mobility, epidemic insurance is not a commodity product. It’s very complex to calculate and requires a lot more market education than well-established insurance products. Are there any other reasons why businesses would not have purchased pandemic insurance prior to the coronavirus outbreak? The challenge of developing this market, aside from managing accumulation risk, has been the education process required by the potential insured party. Prior to COVID-19, the risk exposure to individual companies was underestimated. Will the demand for pandemic insurance increase because of the COVID-19 pandemic? What will be the future of pandemic insurance at Munich Re?

Source = Breaking-Finance.Com

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insurance finance news Munich Re's Head of Epidemic Risk Solutions Discusses Pandemic Insurance Market financial insurance news


insurance finance news Munich Re's Head of Epidemic Risk Solutions Discusses Pandemic Insurance Market financial insurance news


insurance finance news Munich Re's Head of Epidemic Risk Solutions Discusses Pandemic Insurance Market financial insurance news


insurance finance news Munich Re's Head of Epidemic Risk Solutions Discusses Pandemic Insurance Market financial insurance news

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